BB&T, SunTrust Merger Helps Prop Up Regional Bank ETFs
February 07, 2019 at 14:43 PM EST
Regional bank stocks and sector-specific ETFs shook off the broader market weakness after BB&T (NYSE: BBT) made a deal to buyout SunTrust Banks Inc. (NYSE: STI), combining the banks to form the sixth-largest U.S. retail bank. On Thursday, the iShares U.S. Regional Banks ETF (NYSEArca: IAT)...
