NEW YORK, NY--(Marketwire - Oct 31, 2012) - The protracted low interest rate environment, sluggish economic recovery and tightening regulatory issues continue to pose a challenge to the Mid-Atlantic banks industry, within which BB&T Corporation and Synovus Financial Corp. operate. On the plus side a number of industry players have reported improved credit quality and accelerating loan growth in the third quarter. StBulls.com has initiated technical analysis on BB&T Corporation (
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In its recent third quarter earnings report, BB&T Corp. announced earnings of 70 cents per share, well above last year's 52 cents per share. The company was also successful in growing revenue by almost 16 percent year-over-year to $2.48 billion. Encouragingly BB&T continues to work towards diversifying its lending out of real-estate as it beefs up its commercial and industrial loans. However, it still has considerable exposure to problem assets. Read our technical analysis on BB&T Corporation by clicking on
Meanwhile, Synovus newly reported improved net income, as results received a boost from enhanced credit trends and ongoing expense control. However, a 7 percent decline in net interest income and a 45 percent fall in non-interest income, is concerning. Investors looking for technical analysis on Synovus Financial Corp. are encouraged to use the link below
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