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5 Bank Stocks Under Fire

Bank stocks are struggling on fundamental and technical levels

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Bank Stocks — BB&T (BBT)

BBT stock
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(BBT), which operates nearly 2,000 branches throughout the southeast and mid-Atlantic seaboard, has moved back down towards its 200-day moving average — a level it tested in October and again in November. The level hasn’t been broken since last April.

The company reported weaker-than-expected earnings on April 17 as well as a 24 basis point drop in net interest margins.

Anthony Mirhaydari is founder of the Edge and Edge Pro investment advisory newsletters, as well as Mirhaydari Capital Management, a registered investment advisory firm.

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