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BB&T Corporation Message Board

  • jim56442 jim56442 Jan 1, 2004 7:17 PM Flag

    Comparisons

    There was an article in the Charlotte Observer today Jan.1,2004 about BAC and their share price, talking about the share price return in value since the FBF deal was announced..

    The article states that BAC share price went up 13.79%, WB has increased 23% and the other bank mentioned increased 1.71% in 2003. One guess as who this other bank is. You're right good old BBT.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I'll have to defend BBT on this one. The reason that the shares of BAC and WB were able to record such stellar increases is because they both absolutely tanked a few years back. When FTU bought WB, their shares got clobbered. Ditto Nationsbank buying Bank of America and that investment bank that Tom Weisel ran (name escapes me). All either of those banks has been doing for the last few years is trying to regain the losses from those mergers--and neither of them is back to pre-merger highs. The Charlotte Observer is not likely to point that out, either--they almost NEVER say anything negative about the two biggest corporations in town. They know who is buttering their advertising bread.

      • 1 Reply to xbbter
      • Jim, I'm with you 100% on the bonuses & other perks. They should be tied directly to s/h return and true EPS growth. Stock options don't bother me because if the stock doesn't go up they get nothing (Restricted stock is another story as they get shares at market value so even if stock goes 40 to 35 they have shares worth 35 with no cost to them).

        xbbter, I have to respectfully disagree. If you look at the 5 year chart, BAC is up ~40% and BBT is flat. On WB, I would argue you only look since merger (I owned old WB but wouldn't have taken FTU if you gave it to me). Old FTU is up >50% since the merger and the old WB adjusted is up likewise 50%. You can disagree with my logic on "WB" but BAC is/was/will be a machine......

    • I read that article also. Here's the question I think we must all address: Can BB&T grow earnings without acquisitions (organic growth) or does JA depend on acqs to mask expense growth and to provide revenue growth. Has the street decided this is the case and will they wait for true growth before rewarding BB&T with share price growth (other than implied takeover premium)?

      Before you jump me, I do own stock, I want the bank to survive and I am concerned about my many good friends who work there!!!!!

      Fred

      • 2 Replies to officialwork2001
      • Officialwork,

        Hope you weren't thinking that I would jump you. Your question was excellent. That is some of what I was trying to say except you said it much better.

        Another part of the question should be why are the top executives being paid so much in stock options, Long Term Incentive Pay, bonuses and other perks when they are giving shareholders a return of less than 2% annually for the last five years? I understand the base salary, but not all the other pay which is supposed to be incentive pay.

        Thanks for your input,

        Jim

      • FRED;

        I agree with you. BBT has to grow earnings enternally if share price is to increase. JA is obviously interested in increaing asset value through acquisitions which the street realizes.

 
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