Pre-Market Analysis: The Bank of New York Mellon, The Progressive Corp., Apollo Investment, and Deutsche Bank

LONDON, August 6, 2013 /PRNewswire/ --

On Monday, August 5, 2013, the S&P 500 index closed 0.15% lower at 1,707.14. Shares in financial companies ended on a declining note, tracking losses in the broader market. The major movers in the sector included The Bank of New York Mellon Corporation (NYSE: BK), The Progressive Corp. (NYSE: PGR), Apollo Investment Corporation (NASDAQ: AINV), and Deutsche Bank AG (NYSE: DB). All these companies are tracked by AAAResearchReports.com. Free technical research on BK, PGR, AINV, and DB can be downloaded upon signing up at:

http://www.aaaresearchreports.com/register/  

Shares in The Bank of New York Mellon Corporation moved lower on Monday, extending their losses from the past trading session. The company's shares oscillated between $31.53 and $31.83 before ending the day 0.38% lower at $31.68. A total of 3.20 million shares were traded, which is below the daily average volume of 5.91 million. Despite Monday's pullback, The Bank of New York Mellon's shares have gained 8.27% in the last one month, outperforming the S&P 500. Sign up and read the complimentary report on BK at:

http://www.AAAResearchReports.com/BK080613.pdf

The Progressive Corp.'s stock closed lower on Monday. The company's shares fluctuated between $25.94 and $26.21 before finishing the day 0.73% lower at $26.01. A total of 6.41 million shares were traded, which is above the daily average volume of 2.96 million. The stock has advanced 3.83% in the last three months, underperforming the S&P 500 which has gained 5.74% during the same period. The free report on PGR can be downloaded by signing up now at:

http://www.AAAResearchReports.com/PGR080613.pdf

Shares in Apollo Investment Corporation fell sharply on Monday as the broader market ended on a declining note. The company's shares ended the day 1.10% lower at $8.10 after fluctuating between $8.03 and $8.18. A total of 1.21 million shares were traded, which is below the daily average volume of 2.68 million. Apollo Investment's shares have declined 0.37% in the last three trading sessions. A free report on AINV can be accessed by registering at:

http://www.AAAResearchReports.com/AINV080613.pdf

Deutsche Bank AG's stock fell sharply on Monday as the broader market edged lower. The company's shares ended the day 1.16% lower at $45.30 after hitting an intraday low of $45.06. A total of 0.44 million shares were traded, which is below the daily average volume of 1.43 million. Deutsche Bank's shares are currently trading above their 50-day and 200-day moving averages. Register with AAA Research Reports and download research on DB for free at:

http://www.AAAResearchReports.com/DB080613.pdf

EDITOR NOTES:

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

SOURCE AAA Research Reports