That said, BBT does face some obstacles, but so does ANY company in a recession. NCs unemployment is skyrocketing for instance. You could definately make the case of not investing in equities at all in these times, but I honestly don't think the decline in share price has anything to do specifically with BBT, all banks have been pretty much hammered. BTW, the payout ratio hasn't tripped any flags for me yet, but I will keep an eye out on that for BBT.
Some other stocks for those interested, I'm taking a careful look at for those interested in good yields are UBSI and WSBC.