Moody's expects BB&T to cut its dividend if credit deteriorates further. But even if the bank reduces its dividend, rising credit costs could hurt BB&T's capital position this year, the ratings service said.
On Friday, the bank reported $318 million in profit despite a sharp increase in nonperforming assets and loan losses. The net income, however, was down 26 percent from a year ago.
The bank is also drawing more analytical scrutiny since it is the largest bank in the country that has not reduced its dividend. It recently declared a 47-cent dividend for the second quarter.
people like inlet and moldspore never discuss the reserves, and they can't even get their best friend norm to discuss that matter -- they tell you it has adequate reserves -- but now Moody's is all over their act -- i must have given this message more than a half a year ago and repeated it often
moldy wants to meet, but i am sure he won't discuss the reserves -- should i invite my forensic accountants? cuz you said bring anyone i want with me -- but moldy is only interested in bullying people around mentally and physically in order to save his few pennies he has left of his tiny net worth -- he ain't monte carlo material -- he is in the cheap seats -- so glad i ignored him, he is the first person i ever put on ignore
i'll have to un-ignore him after his BBT crashes just to get his reaction of rationalizing his failures
traders, do not enter long on BBT til we see a pullback in the S&P 500 toward the 775 area -- personally i wouldn't touch this junk stock, but that is up to you -- i only look to go short if the set-up warrants itself