Deutsche Bank said today that analysts have underestimated BB&T earnings. I agree with them; although, I believe Deutsche Bank is also underestimating earnings. The first quarter release later this month will begin to indicate strong improvement. I continue to go with Norm's estimate of $3 or more for the year.
JC: I see that Deutsche Bank raised their opinion from Hold to Buy on March 16th. Did they raise it again today?
As an aside, I have always had trouble with the pronunciation of Deutsche Bank. I have heard folks refer to it as "Dorsche Bank" (phonetic spelling that rhymes with Porsche). Personally, I prefer to call them "Douche Bank" Somehow it just seems more fitting and it's just easier to say.