BBT is simply out of favor. To be one of the strongest banks and get drilled for doing things weaker banks were rewarded for says it all. Long term all will be good but wall street does not like these guys.
Did another bank submitt a dividedn cut and issue new stock?
Up today:FITB +1.5%HBAN +15%Down today:STI -9%BAC -6.7%BBT -5.3%WFC -2.7%C -1.7%Given that BBT did not see the upside that many banks saw last week, I would say the trading today is very weak.
-->"...get drilled for doing things weaker banks were rewarded for says it all."Which of the other banks announced a cut in the dividend AND the issuance of new shares at the same time?
Have you studied the other banks dividends? There is hardly anything to cut. BBT trades at a p/e around 10 while other banks required to raise significant capital are trading at much higher multiples. WFC- 37 p/eBAC- 17 p/eAdditional banks losing money with no p/e have traded much richer lately than BBT. Fifth 3rd is up 50% since last week.With its blance sheet, BBT should be one of the darlings of the banking sector (even with the dividend cut) but they are not.