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Regional banks are generally holding up better as compared to their bigger counterparts as their business is not impacted by new financial regulations. Regional banks such as SunTrust
STI, BB&T
BBT and PNC Financial Services
PNC are paying less for deposits, which has helped boost their Q2 profits.
Shares of F5 Networks
FFIV, a provider of application delivery networking products, continue to rise after posting higher-than-anticipated results yesterday. RBC Capital has also upgraded the stock from “sector perform” to “outperform,” while raising the target price for the company from $70 to $90. FFIV’s shares have jumped 12.01% to $81.89 at 10:31 am.
Reuters has quoted unidentified sources as saying that Blackstone Group
BX is about to finalize a deal for obtaining property loans with a face value of roughly $1.1 billion. These property loans are owned by the Japanese operations of Morgan Stanley
MS. If the deal finalizes, it will become Blackstone's first investment in Japan. The deal can also help in bringing the second largest real estate market in the world to life.
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from Benzinga's Markets.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In: Long IdeasNewsShort IdeasRumorsIntraday UpdateMarketsTrading IdeasAsset Management & Custody BanksCommunications EquipmentFinancialsInformation TechnologyInvestment Banking & BrokerageNews SummaryRegional Banks
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