|By PR Newswire||
|June 20, 2013 11:40 AM EDT||
LONDON, June 20, 2013 /PRNewswire/ --
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In a recent report, ratings agency Standard & Poor's (S&P) noted that major U.S. regional banks reported "favorable" financial results in the first quarter of 2013. According to S&P, regional banks' asset quality showed further progress and their capital ratios also improved. The rating agency also noted that the funding profile of large U.S. regional banks remained favorable. However, S&P expects low interest rates to continue to hurt regional banks' net interest margins (NIMs). On Wednesday, June 19, 2013, shares in regional banks ended mostly lower, tracking losses in the broader market which plunged after the release of Federal Reserve's monetary policy statement. The major movers in the sector included Regions Financial Corporation (NYSE: RF), Synovus Financial Corp. (NYSE: SNV), BB&T Corporation (NYSE: BBT), First Horizon National Corporation (NYSE: FHN), and Fulton Financial Corp. (NASDAQ: FULT). AAAResearchReports.com tracked RF, SNV, BBT, FHN, and FULT. These free reports can be seen for free at
Shares in Regions Financial Corporation ended slightly lower on Wednesday, reversing some of their gains for the week. The company's shares ended the day 0.44% lower at $9.07 after trading between $9.02 and $9.15. A total of 18.90 million shares were traded which is above the daily average volume of 15.25 million. Despite yesterday's pullback, Regions Financial shares have risen by 1% so far this week. The stock is currently trading near its 52-week high of $9.48. Download free research on RF by signing up now at:
Synovus Financial Corp.'s stock moved higher yesterday, extending its gains for the week. The company's shares hit an intraday high of $2.82 before closing the day at $2.81, up 1.44%. A total of 9.09 million shares were traded which is above the daily average volume of 8.35 million. Synovus Financial shares have risen by 4.85% so far this week. The stock is currently trading near its 52-week high of $2.90. Register for today's free analysis on SNV at:
Shares in BB&T Corporation fell sharply on Wednesday, tracking losses in the broader market. The company's shares fluctuated between $32.99 and $33.42 before finishing the day 1.17% lower at $32.99. BB&T saw a total of 2.95 million shares traded which is below the daily average volume of 3.79 million. Despite yesterday's pullback, shares of this regional bank are still up by 0.64% so far this week. Further, the stock is trading near its 52-week high of $34.37. A free report on BBT can be accessed by registering at:
First Horizon National Corporation's stock fell by 1.82% yesterday, closing at $10.78. The company's shares traded between $10.75 and $11.00. A total of 4.60 million shares were exchanged which is well above the daily average volume of 2.84 million. Despite yesterday's pullback, the stock is still trading close to its 52-week high of $11.81. Register with AAA Research Reports and download research on FHN for free at:
Shares in Fulton Financial Corp. ended slightly lower on Wednesday, reversing some of their gains for the week. The company's shares traded between $11.27 and $11.44 before closing the day 0.35% lower at $11.33 on trading volume of 700,775 shares. Fulton Financial shares are still up by more than 1.70% so far this week. Read full free research on FULT by signing up to AAA Research Reports at
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SOURCE AAA Research Reports
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