BB&T (NYSE: BBT) By Morgan Keegan ($26.71, Oct. 5, 2009)
WE ARE UPGRADING BB&T (ticker: BBT) shares to Outperform from Market Perform as, in our view, valuations do not reflect the above average core-earnings power, the superb management team, a better quality balance sheet with no Troubled Asset Relief Program (TARP) funds (i.e. more operational flexibility and less regulatory scrutiny), and the potential for above average earnings growth as the bank gains market share from its weaker rivals.
BB&T has remained profitable throughout what was the worst post-war downturn for the banking sector, a trend we expect should continue given ...
According to Barrons on-line, there is a hole in Funnie's bucket.
after this next pullback, the entire financial market will be on deck for this Q3 Earnings Release and i expect nothing less than stellar earnings until the mark to market rules are changed back to their original state -- that means go long the banks and financials for the next run to S&P 500 LEVEL of 1121
as far as the hole in my bucket, if you're stupid enough to believe that analysis, then that's your problem, not mine -- any financial institution can make money given the scope of free money being handed out -- if a bank can't show a profit on their books in this kind of environment, then when the industry has to pay the piper, they would be the first to be gone -- and hundreds will follow -- the FDIC has no idea what a mess they are going to have, or they know about it and hoping the gov't has an answer to the tremendous debt we are piling on -- the banks haven't learned a damn thing, they are right back to pulling the same sh1t
An article posted about money losses possibly being hidden in their OREO account may have spooked some investors. They supposedly have one of the largest OREO accounts. It spooked me. I sold what I had left this morning.