Coverage Initiated on Select Financial Stocks

LONDON, UK / ACCESSWIRE / July 18, 2016 / Active Wall St. announces the list of stocks for today’s coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Financial sector. Companies recently under review include Regions Financial, BB&T, First Horizon National, and Cullen/Frost Bankers. See our complete notes on Regions Financial at:

http://www.activewallst.com/registration-3/?symbol=RF

Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/.

In order to combat challenges and risks, firms in the Financial sector are constantly improving their operational efficiencies and expanding their business models. Let us see how these are affecting some of the big names in the industry. Register with us now for your free membership and more at: http://www.activewallst.com/register/.

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Regions Financial Corp. (NYSE: RF)

Shares in Birmingham, Alabama headquartered Regions Financial Corp. ended Friday’s session 0.44% higher at $9.12. A total volume of 21.36 million shares was traded, which was above their three months average volume of 20.43 million shares. The stock has advanced 0.22% in the last month and 5.04% over the previous three months. The Company’s shares are trading 0.06% above their 50-day moving average and 3.74% above their 200-day moving average. Moreover, shares of Regions Financial, which together with its subsidiaries, provide banking and bank-related services to individual and corporate customers in the U.S., have a Relative Strength Index (RSI) of 56.98.

On June 29th, 2016, Regions Bank was named as having the best overall reputation among top U.S. banks and the best reputation among customers for the second consecutive year according to a newly released survey from advisory firm Reputation Institute and the American Banker Magazine. Regions Bank received the highest overall score (73.9 out of 100 points) as well as the highest score among customers (85.7 out of 100 points) in the annual survey.

On June 29th, 2016, research firm Bank of America/ Merrill downgraded the Company’s stock rating from ‘Buy’ to ‘Neutral’.

BB&T Corp. (NYSE: BBT)

Winston-Salem, North Carolina headquartered BB&T Corp.’s shares rose 0.27%, closing the day at $36.77 and with a total volume of 4.39 million shares traded. The stock has advanced 3.37% in the last month and 8.94% over the previous three months. The Company’s shares are trading 4.33% above their 50-day moving average and 5.38% above their 200-day moving average. Additionally, shares of BB&T, which operates as a financial holding company that provides various banking and trust services for retail and commercial clients, have an RSI of 61.65.

On June 29th, 2016, The Federal Reserve approved BB&T Corp.’s capital plan in the regulator’s annual stress test. BB&T’s plan was approved after the Fed found that the bank could keep lending in a severe economic downturn. The approval clears the way for the Salem, North Carolina based firm to reward investors by returning capital through dividend payouts and by buying back stock.

On July 11th, 2016, research firm Robert W. Baird downgraded the Company’s stock rating from ‘Outperform’ to ‘Neutral’. The research firm also revised downwards its previous target price from $40 to $37. Sign up for your note on BBT at: http://www.activewallst.com/registration-3/?symbol=BBT.

First Horizon National Corp. (NYSE: FHN)

Last Friday, shares in Memphis, Tennessee headquartered First Horizon National Corp. gained 0.55%, closing the session at $14.57. The stock recorded a trading volume of 4.15 million shares, which was higher than its three months average volume of 2.15 million shares. The Company’s shares have advanced 7.21% in the last one month, 5.64% over the previous three months, and 1.39% on an YTD basis. The stock is trading 5.24% above its 50-day moving average and 7.08% above its 200-day moving average. Furthermore, shares of First Horizon National, which operates as the bank holding company for First Tennessee Bank National Association that provides various financial services in the U.S. and globally, have an RSI of 62.88.

On June 27, 2016, First Tennessee Bank, the regional bank of First Horizon National Corp., announced that it will acquire the Southeast and Southwest regional loan portfolios from GE Capital’s restaurant franchise finance business. The all-cash transaction includes loans outstanding of approximately $637 million as of May 31, 2016.Specific terms of the transaction were not disclosed. Register for free and activate your note on FHN at: http://www.activewallst.com/registration-3/?symbol=FHN.

Cullen/Frost Bankers Inc. (NYSE: CFR)

San Antonio, Texas headquartered Cullen/Frost Bankers Inc.’s stock finished the session 0.38% higher at $69.04 with a total volume of 412,320 shares traded. The Company’s shares have advanced 9.34% in the last month, 19.72% in the previous three months, and 17.28% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.75% and 16.16%, respectively. Additionally, shares of Cullen/Frost Bankers, which operates as the holding company for Frost Bank that offers commercial and consumer banking services in Texas, have an RSI of 65.25. The note on CFR is available for free at: http://www.activewallst.com/registration-3/?symbol=CFR.

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SOURCE: Active Wall Street

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