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. If you notice any errors or omissions, please notify us below. 3.This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4.If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. 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 represented by Ananya Ghosh, CFA, has 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. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. AAAresearchreports.com SOURCE AAA Research Reports Contact: Phone #: + 1 (646) 396-9126, Contact Name: Peter F. Jones, Email ID: firstname.lastname@example.org
Morning Research: Blackstone Group L.P., SunTrust Banks Inc., BB&T Corp., and Valley National Bancorp
Press spacebar to pause and continue. Press esc to stop.