BBT hit 16.27 today. Its down $3 in the past 2 weeks. Every single day there is a downgrade. Even Father Cramer gave it a triple sell a couple of nights ago. Earnings are coming up. Dividend could very well be ended or come way down. Plus, my charts called this selloff and they say it will continue. This stock has no where to go but down. So why are you Long?? Hows that for being objective.
Mike Mayo doesn't need to make a name for himself. His words and prior history carry heavy weight on Wall Street. He probably brought the entire sector down today with what he wrote. He is well respected. Personally, I think the guy is very well informed.
From my experience, Mayo is the most honest and knowledgeable banking analyst and he has never compromised his principles. I use to think a lot of Tom Brown, but he is now just a deceptive shill for his hedge fund. While your headline is provocative, I don't think BB&T will collapse. However, I do think at some point the auditor's of this bank will find themselves in a scandal over their assurance.