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Regional Banks Smashed Despite Reassurance From Nat City (NCC) and WaMu (WM) That All is Okay
More News related to BBT
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- BB&T subsidiary CRC Insurance Services to acquire Southern Risk Operations LLC
- BB&T (BBT) Could Acquire Community Banks at Very Favorable Prices -Bloomberg
- BB&T (BBT) CEO to Retire at Year-End
More News related to FED
- First Federal Bank of California Opens New Anaheim Branch
- Unusual 11 Mid-Day Movers 8/20: PAY, FED, STSI, EXP Higher; KUN, NVTL, FLE, FNM Lower
- Friedman Billings Downgrades FirstFed Financial (FED) to Underperform
- FirstFed Reports Results for the Second Quarter of 2008
- FirstFed Financial Corp. Announces Appointment of Nicholas C. Biase as Director
More News related to FHN
- First Horizon National Corp. to Present At Lehman Brothers Global Financial Services Conference
- First Horizon National Corp. to Present At Morgan Keegan Equity Conference
- First Tennessee Selects PHH Mortgage to Support Retail Mortgage Business; Offers Low Price, Adds Closing Date Incentive
- BeaconEquity.com Issues Technical Trade Alerts on Regional Financial Stocks: RF, CNB, WTNY, BXS, FHN, HBHC
- First Horizon National (FHN) Completes Sale of Mortgage Business Outside Tennessee and Revises Credit Expectations for 2008
Announcements from National City (NYSE: NCC) and Washington Mutual (NYSE: WM) that they are seeing 'business as usual', following news this weekend of a run and subsequent FDIC takeover of IndyMac (NYSE: IMB), is doing little to soothe investors fears in regional banks.
National City Corporation (NYSE: NCC) is down 30%
Washington Mutual Inc. (NYSE: WM) is down 30%
KeyCorp (NYSE: KEY) down 8%
M&T Bank (NYSE: MTB) down 15%
FirstFed Financial Corp. (NYSE: FED) is down 35%
Wachovia Corporation (NYSE: WB) down 12%
First Horizon National Corp. (NYSE: FHN) down 24%
Zions Bancorp. (Nasdaq: ZION) down 20%
Sovereign Bancorp Inc. (NYSE: SOV) down 14%
Regions Financial Corp. (NYSE: RF) down 13%
Fifth Third Bancorp (Nasdaq: FITB) down 11%
BB&T (NYSE: BBT) down 6.5%
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