I like the story here. They appear to be going from a regional to a national bank. They did 3 acquisitions over the past year. This year could be slow with all the integration costs, but I like the long term story. Interest rates are going to go up sooner or later. Good time to buy.
Stress test pass so dividend will increase 12.5% to .27/share/qtr. Stock buyback too. Now if the Fed will just increase the Fed Funds rate maybe the margin will have a nice increase. Looking good today.
On the surface, a .03 earnings beat looks pretty good on good expense control. Haven't seen the details but looks very positive today. Will be interesting to see what the analysts have to say.
I have been in this since the early 90's and have a 160% return with div reinvested. That is about an 8% return/year for that period. Not too shabby. :)
Want to see a BBT banker lose it? Close your account and flash him or her your new credit union checkbook. The look on their face is priceless!
This stock has not been a bad investment over the last 16-years considering what the stock market has done during that period.
What happened to a lot of other financial institutions over this period did not happen to BB&T.
Although they reduced the dividend they never defaulted on payment and even today it is one of the safest places to get a return on investment.
Yeah but they have really good lollipops and they say hello when you walk in. I bank with them because they are local, pay at least SOMETHING on my no-fee checking and, if I have a problem, I can go in and grab someone by the scruff of the neck and say "FIX IT". Can't do that with an online bank.
Actually long term total market returns are more like 11%-12% per annum with liquidity. And Buffet doesn't make illiquid investments with 20+ year holding periods with the expectation of making an 8% pre-tax rate of return. If he did that he would not be the world's richest man...
friendat says: " Also maybe some of the shareholders of those banks acquired in Texas don't care to hold
shares in BBT."
You dunce, the branches BB&T purchased in Texas came in two waves and were being divested by CITI in a drawback. So I don't think there is any mass of Texan shareholders that will bolt from BB&T as a result of that any time soon. Try to understand banking in general, and BB&T in particular, before you shoot off your ignorant mouth. There are always real issues, pro and con, that can be discussed without being a total bozo and making things up to impress the rest of your second grade class.
BB&T Corp. (NYSE: BBT) was started as Outperform with a $44 price target (versus a $37.09 close) at Credit Suisse.
Would guess this opinion is based on the Fed starting to raise rates around June which would help the interest rate margin.
Does anyone else wonder if the stock is being driven down deliberately? I believe it is getting closer to the time that stock options are given out. Did a study a few years ago not recently and it was amazing how the stock price was low around stock option time. In any event sure seems to be a lot of options and grants given out for the performance of a share price since the EOY of 1998 price.
palinbig says: "flash him or her your new credit union checkbook. The look on their face is priceless!"
What I think you're seeing is the comic reaction to your belief that pulling your $18 balance account had any meaning. You didn't notice him attempting to suppress a belly laugh did you?
Rafferty Capital Markets has lowered its rating for shares of BB&T Corp. to "hold" from "buy."
But despite the move, Richard Bove, vice president of equity research for Rafferty, remains positive about the Winston-Salem-based bank (NYSE: BBT) over the long term.
"While the next six months are expected to be lackluster in terms of company earnings, the next few years could be exciting," Bove wrote recently. "Longer term, this company has superior management, above average operating practices, and a positive outlook. I just do not want to buy yet."
And what happened to "Watch Over Ya" aka Wachovia after the 2008 financial meltdown?
Well, that did not happen to BB&T.
The dividend over the last 16 years is far better than the alternative. Happy to hold and reinvest it.
Problem with DOJ is that the way it reads law, there is NEVER a safe harbor, NEVER a clear case of legal and illegal,,, DOJ believes that it can interpret law any way it wants and go after whomever it wants... Neutral, objective, factual Law does not exist in the mind of DOJ leadership... just political power and buillism...