Reported great earnings this morning but used reserves to do it. Stock opened down but is coming back. If it closes up I will buy BB&T on the close today. BB&T might not use reserves yet but will use them one day ($2.8 billion).
Yes but did not the other banks agreesively charge off during downturn while BB&T did not. Others are reducing because of credit turn around while BB&T is still taking hits in non-accruals and charge-offs?