StockCall Early Morning Insight into Regions Financial, Synovus Financial, BB&T, First Horizon National, and Fulton Financial
LONDON, April 15, 2013 /PRNewswire/ --
The financial crisis of 2009 had a significant impact on regional banks. However, regional banks have emerged stronger from the crisis, with a more robust balance sheet. Regional banks are also benefiting from a pickup in lending activity since last year. However, banks such as 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) are facing margin pressure as the Federal Reserve has kept interest rates at record low levels for over three years now. Regional banks ended mostly lower on Friday, tracking losses in the broad market. StockCall has issued technical analysis and charting reports on RF, SNV, BBT, FHN, and FULT. Download these free reports now at
http://www.stockcall.com/todaysopinions
Regions Financial Corporation struggled in Friday's trading session. The stock fell to an intra-day low of $8.07 before finishing the day 1.34% lower at $8.11 on volume of 9.02 million. The bank's shares are currently trading close to their 52-week high of $8.44. Year-to-date, the stock has gained nearly 14%, outperforming the S&P 500. Regions Financial's shares are currently trading above their 50-day and 200-day moving averages. Download the free research on RF today by registering at
http://www.StockCall.com/RF041513.pdf
Synovus Financial Corp.'s shares fell sharply on Friday. The stock fell to an intra-day low of $2.64 before finishing the day 2.21% lower at $2.66 on volume of 5.06 million. The company's shares have gained more than 9% so far in 2013, compared to a gain of more than 11.40% for the S&P 500. The stock slipped below its 50-day moving average on Friday, which is a bearish signal. The stock's MACD has also slipped below the zero-line, and is also trading below the signal line, which further confirms the bearish trend. Sign up and have access to our free report on SNV at
http://www.StockCall.com/SNV041513.pdf
BB&T Corporation's shares edged lower on Friday; however, the losses were limited. The stock touched an intra-day low of $30.77 before finishing the day 0.74% lower at $31.01 on volume of 3.32 million. BB&T's shares have gained more than 8% so far in 2013, underperforming the S&P 500. The stock is trading nearly 8% below its 52-week high. Shares of the company have been struggling to break through $31.50 resistance level. The stock currently has support at around $30.50. Sign up and read the complimentary report on BBT at
http://www.StockCall.com/BBT041513.pdf
First Horizon National Corporation's shares fell sharply on Friday. The stock closed 1.54% lower at $10.24 on above average volume of 2.60 million after touching an intra-day low of $10.21. The company's shares are currently trading below their 50-day moving average, which is a bearish signal. The stock's MACD is also trading below the signal line and the zero-line, further confirming the negative trend. The free report on FHN can be downloaded by signing up now at
http://www.StockCall.com/FHN041513.pdf
Shares of Fulton Financial Corp. slipped in Friday's trading session. The stock closed 0.78% lower at $11.39 on above average volume of 880,053 after touching an intra-day low of $11.33. Despite the pullback, Fulton Financial's shares are currently trading close to their 52-week high of $11.91. Year-to-date, the stock has gained more than 19.20%, outperforming the S&P 500. Free report on FULT can be accessed by registering at
http://www.StockCall.com/FULT041513.pdf
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