Morning Research: Blackstone Group L.P., SunTrust Banks Inc., BB&T Corp., and Valley National Bancorp PR Newswire LONDON, October 9, 2013 LONDON, October 9, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. The U.S. equity market posted sharp losses on Tuesday, October 8, 2013, with the S&P 500, the Dow Jones Industrial Average, and the NASDAQ Composite falling by 1.23%, 1.07%, and 2.00%, respectively. Shares in the financial sector mostly ended on a lower note, as the broader market declined. The major movers in the industry included Blackstone Group L.P. (NYSE: BX), SunTrust Banks Inc. (NYSE: STI), BB&T Corporation (NYSE: BBT), and Valley National Bancorp (NYSE: VLY). AAAResearchReports.com has released full comprehensive research on BX, STI, BBT, and VLY. These free technical analyses can be downloaded by signing up at: http://www.aaaresearchreports.com/register/ On Tuesday, Blackstone Group L.P.'s stock plummeted to close at $25.46, which is 3.23% lower than the previous day's closing price of $26.31. The company's shares oscillated between $25.37 and $26.59 during the trading session. A total of 7.28 million shares were traded, which is above the daily average volume of 4.70 million. Despite Tuesday' sharp decline, the company's shares have surged 14.27% in the last one month and 24.07% in the previous three months, outperforming the S&P 500 which has advanced 0.02% and 0.91% during the respective periods. Additionally, Blackstone Group L.P.'s stock is trading above its 50-day and 200-day moving averages of $23.17 and $20.79, respectively. Download free report on BX upon registration at: http://www.AAAResearchReports.com/BX100913.pdf Shares in SunTrust Banks Inc. edged lower on Tuesday, extending the losses from the previous trading session. The company's shares vacillated between $32.15 and $32.49 before finishing the day 0.40% lower at $32.16. A total of 3.46 million shares were traded, which is above the daily average volume of 3.35 million. Despite Tuesday's losses, SunTrust Banks Inc.'s stock is trading above its 200-day moving average of $30.93. Furthermore, the company's shares have fallen by 1.32% in the previous three trading session, compared to a loss of 1.38% in the S&P 500 during the same period. STI technical report can be accessed for free by signing up at: http://www.AAAResearchReports.com/STI100913.pdf On Tuesday, BB&T Corp.'s stock fell sharply to close at $32.66, down 1.45% from the previous day's closing price of $33.14. The company's shares oscillated between $32.65 and $33.25 during the trading session. A total of 3.31 million shares were traded, which is above the daily average volume of 3.19 million. Despite Tuesday's sharp losses, BB&T Corp.'s stock is trading above its 200-day moving average of $32.45. Moreover, the company's shares have fallen by 2.22% in the previous three trading session, compared to a loss of 1.38% in the S&P 500 during the same period. The free report on BBT can be downloaded by signing up now at: http://www.AAAResearchReports.com/BBT100913.pdf Valley National Bancorp's stock rose 0.10% on Tuesday, reversing some of the losses from the previous trading session. The company's shares closed the day at $9.80, after trading between $9.72 and $9.83. A total of 0.97 million shares were traded, which is below the daily average volume of 1.18 million. The company's shares have lost 0.31% in the previous three months, underperforming the S&P 500 which has gained 0.91% during the same period. Further, Valley National Bancorp's stock is trading below its 50-day and 200-day moving averages of $10.20 and $9.81, respectively. A free report on VLY can be accessed by registering at: http://www.AAAResearchReports.com/VLY100913.pdf ---- EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make mistakes. 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Morning Research: Blackstone Group L.P., SunTrust Banks Inc., BB&T Corp., and Valley National Bancorp
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