How dense American stock holders are. They flat refuse to believe that massive collusion takes place between a Corp's upper mgt and the B of D's. All you have to do is to think a little. Who is most responsible for all upper mgt positions? The B of D's. Who is most responsible for the members of the B of D's? Upper mgt.
A perfect condition for collusion in all big corporations. The cost of these atrocious salary and benefit packages should be going to the 'owners', the stock holders as dividends. I seriously doubt if there will ever be enough stock owners to make a change in the behavior. JMO.
I believe upper mgt deserves a very good salary, but in some cases over a 1000 times the bottom level receives. No way. JMO
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.
Palinbigbazzoo says: "I got into only because they bought out South Trust"
I think you better pay a little more attention to your investments bozo. South Trust was bought out by Wachovia (nea First Union). What have you been smoking?
As we close out the year. I see that going back 16 years to the day, this stock is up 1%. On an annualized basis, then, the capital appreciation in the stock price is essentially ZERO. So for long term holders, all you have gotten is the dividend. Looking back over those past 16 years, the dividend payment has averaged +/-$1.10 per share, meaning that the annualized total return for this stock, for the past 16 years has been something like 2.9%. 16 years ago you could have bought the US 30-year treasury bond and locked in a 5% yield. What is up with that? Yet the CEO makes $10M per year? Why doesn't the Board simply force the sale of this bank? How do they get long term holders the returns they deserve? 2.9% per annum is completely unacceptable for 16 years. If you add in the pernicious effects of inflation, the real inflation-adjusted return on this stock has been ZERO. So if you are a patient long term investor (i.e. sucker) who has held this stock for 16 years and adjust for the devaluation of the dollar over the same period, this company has delivered NOTHING.
I'd bet money that we won't get any decent action like the following information from this CEO or Board of Directors. This company stock is still below the End Of Year 1998 price. Sixteen years of no share price gain and just look at what the BOD and executives officers have received in stock options in addition to their salary, stock grants, bonuses and other things. Shame on them and their greed.
(((((.The lumber industry has been cut down over the past two years, and execs are feeling the pain. Executive bonuses often get ridiculous.
In light of that, Plum Creek Timber Co. CEO Rick Holley just did something quite admirable.
He gave back 44,445 restricted-stock units, worth nearly $2 million.
According to a regulatory filing, "Mr. Holley elected to return the restricted stock units because he does not believe that he should receive such an award unless Plum Creek's stockholders see an increase in their investment return." ))))
What a unique idea that stockholders should actually see an increase in their investment return..
BBT traded above $40 in 2006, and it briefly reached that level again last spring (2014). For buy and hold investors paying attention to history, it took BBT more than 7 years to regain its August 2006 share price, all the while dividends took a major hit that really reduced the gains from this investment. BB&T instituted a hiring freeze earlier this year, it is losing lots of experienced employees through attrition, as well as significant downsizing as part of a major community banking reorganization within the Branch Banking sub over the past two years -- yet BB&T is still struggling with expense controls where expenses continue to grow and affect the bottom line. Kelly and the Execs blame regulation, Kelly's on Bloomberg and CNBC complaining that banks are unfairly regulated and its turning the business into a socialized system, while expressly calling for immediate unfair regulation to be slapped on Apple Pay, and other payment systems that compete with banks for fees. Incoherence? Is Kelly's $15 Million compensation package making him dizzy? What's next for BB&T? Absent better results in commercial loan making, how about terminating the pension plan?
Very poorly managed bank, I got into only because they bought out South Trust, a fairly well managed large regional. South Trust's head soon disappeared after the merger, likely he would have been lambasted for engineering the merger and heading off into retirement.
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.
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.