News Summary (PNC, FFIV, MS, BX, STI, BBT)

Regional banks are generally holding up better as compared to their bigger counterparts as their business is not impacted by new financial regulations. Regional banks such as SunTrust STI, BB&T BBT and PNC Financial Services PNC are paying less for deposits, which has helped boost their Q2 profits. Shares of F5 Networks FFIV, a provider of application delivery networking products, continue to rise after posting higher-than-anticipated results yesterday. RBC Capital has also upgraded the stock from “sector perform” to “outperform,” while raising the target price for the company from $70 to $90. FFIV’s shares have jumped 12.01% to $81.89 at 10:31 am. Reuters has quoted unidentified sources as saying that Blackstone Group BX is about to finalize a deal for obtaining property loans with a face value of roughly $1.1 billion. These property loans are owned by the Japanese operations of Morgan Stanley MS. If the deal finalizes, it will become Blackstone's first investment in Japan. The deal can also help in bringing the second largest real estate market in the world to life. Read more from Benzinga's Markets.