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BB&T Corporation Message Board

  • onroute81 onroute81 Aug 20, 2004 9:38 PM Flag

    trading volume

    Looks like there are not that many shares being sold as the volume is about 1/2 of the moving average. Lack of inventory could be driving the share price upward. And yes, 40 was in sight. Maybe next week.(Maybe productivity is increasing also, as the board has been so quite.)

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    • So do you think there is any truth to all the rumors swarming around about Wells Fargo looking at BBT? Maybe thats why the board is so quiet.

      • 1 Reply to midnight-banker
      • I don't believe that the bank is for sale. There appears to be no real reason for the bank to be sold. JA and KK are still young, the board has been behind them for a long time and they have yet to realize all the gains from those institutions they have acquired.

        WF appears to not have much interest in moving into the East. The Western half of the country is fine with them. They know the area and they have the ability to have their hands in China and the far east. Guess where the money is now.

        BofA is their only real competitor out there in terms of consumers. JP MOrgan and Citi probably are competitive on the world stage against them. I dare say BB&T has little involvement in this arena.

        So we sit for 1 or 2 years, then start looking to expand again while JA and KK take down the big bucks, build their options and take their bonuses. There may come a time when shares sell at a number that might drive a split but I don't see that at this time.

        I am holding for a specific number than I take my block of shares to the broker for a nice payday.

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