Wed, Jul 23, 2014, 1:13 AM EDT - U.S. Markets open in 8 hrs 17 mins

Recent

% | $
Click the to save as a favorite.

BB&T Corporation Message Board

  • longpickuptruck longpickuptruck Nov 15, 2008 2:22 PM Flag

    TARP

    Any one know what JA is planning to do with the $3.1 billion. With that much money in your pocket you should have some good plans for it. Buy something, pay dividends, increase dividends.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • They sold something like $250 million of common to the pension fund around June and did a preferred offering of over $700 million in August...

      So it is $4b or more they have for ammo. Considering what Chase paid for WaMu and WFC paid for Wachovia they could do a big deal if they desire.

      I believe they will do 4-6 smaller deals over the next two years and avoid any secondary offerings (dilution) that may be required to do a larger deal. No real hurry as it will take time for current problems to be resolved for many banks, and the longer they wait the surwr they can be of the asset quality of any purchase IMO.

    • Remember, they also did that 400 million deal some months ago, and in the last 2 conf calls, both said they knew there were several clean instittutions that would be interested in joining the BBandT philosophy

 
BBT
37.49+0.16(+0.43%)Jul 22 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.