Wall Street Fundamentals Releases New In-Depth Stock Reports on BBT, BK, CME and LM

U.S. markets edged higher Wednesday on strong earnings from major companies and as Federal Reserve Chairman Ben Bernanke stated there was no firm timetable for the curbing of stimulus measures. "We need accommodative monetary policy for the foreseeable future," Bernanke said before the House Financial Services Committee. "Because our asset purchases depend on economic and financial developments, they are by no means on a preset course." Bank and financial stocks are expected to experience the strongest earnings growth within the S&P 500 Index. Earnings growth for the financial sector is expected to be approximately 20 percent, compared to an average growth of 3.4 percent for the index as a whole.

BB&T Corporation (NYSE:BBT - News) shares traded in the range of $34.69 to $35.01 Wednesday before settling to close at $34.83. The stock appears to be facing some resistance at the $34.87 with some support at the $34.63 and $34.29 levels. Shares of BB&T have gained approximately 19.6 percent in 2013.

More information on BB&T and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BBT

The Bank of New York Mellon Corporation (NYSE:BK - News) shares traded in the range of $30.77 to $31.78 Wednesday before settling to close at $30.92, an increase of 1.88 percent. The stock appears to be facing some resistance at $31.58 with some support at the $30.75 and $30.47 levels. Shares of the Bank of New York Mellon have gained approximately 20.3 percent in 2013.

More information on the Bank of New York Mellon and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BK

CME Group Inc. (NASDAQ:CME - News) shares traded in the range of $75.71 to $76.89 Wednesday before settling to close at $76.03, a decrease of 0.34 percent. The stock appears to be facing some resistance at $77.09 with some support at the $74.73 and $67.19 levels. Shares of CME Group have gained approximately 50.0 percent in 2013.

More information on CME Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CME

Legg Mason Inc. (NYSE:LM - News) shares traded in the range of $32.75 to $33.53 Wednesday before settling to close at $33.38, an increase of 1.95 percent. The stock appears to be facing some resistance at the $33.66 and $34.42 levels with some support at $32.48. Shares of Legg Mason have gained approximately 29.7 percent in 2013.

More information on Legg Mason and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LM

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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