Jun 24, 2013

Posted by in Featured, Stock Market News | 0 Comments

Stocks with New Highs – People’s United Financial, Inc. (NASDAQ:PBCT), Firstmerit Corp (NASDAQ:FMER), BB&T Corporation (NYSE:BBT)

Stocks with New Highs – People’s United Financial, Inc. (NASDAQ:PBCT), Firstmerit Corp (NASDAQ:FMER), BB&T Corporation (NYSE:BBT)

People’s United Financial, Inc. (NASDAQ:PBCT) shares moved up and hit a new 52 weeks high of $14.55. In the last trading session, People’s United Financial, Inc. (NASDAQ:PBCT) jumped +1.33% and closed at $14.44, with the overall traded volume of 12.11 million shares. PBCT has market cap of 4.78 billion. People’s United Financial, Inc. (People’s United Financial) is a savings and loan holding company. The principal business of People’s United Financial is to provide, through People’s United Bank and its subsidiaries, commercial banking, retail and business banking, and wealth management services to individual, corporate and municipal customers.

Firstmerit Corp (NASDAQ:FMER) shares gained and hit a new 52 weeks high price of $19.79. In the last trading session, Firstmerit Corp (NASDAQ:FMER) advanced +1.84%, to close at $19.70 and its total traded volume was 8.06 million shares. FMER has earnings per share of $1.28 and its price to earnings ratio is 15.44. FirstMerit Corporation (FirstMerit) is a bank holding company. The Company’s principal business consists of owning and supervising its affiliates. As of December 31, 2011, FirstMerit Bank, N.A. (FirstMerit Bank), the Company’s principal subsidiary, operated a network of 206 banking offices and 214 automated teller machines (ATMs).

BB&T Corporation (NYSE:BBT) shares went up and reached to a new 52 weeks high level of 34.37. In the last trading session, BB&T Corporation (NYSE:BBT) soared +2.12% and closed at $33.68, with the overall traded volume of 6.79 million shares. BBT has market cap of 23.64 billion and its beta value stands at 1.12 times. BB&T Corporation (BB&T) is a financial holding company. BB&T conducts its business operations primarily through its commercial bank subsidiary, Branch Bank, and other nonbank subsidiaries. The Company’s principal operating subsidiaries include Branch Banking and Trust Company, Winston-Salem, North Carolina; BB&T Securities, LLC, Richmond, Virginia; Regional Acceptance Corporation, Greenville, North Carolina; American Coastal Insurance Company, Davie, Florida, and Sterling Capital Management, LLC, Charlotte, North Carolina.

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