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BB&T Corporation Message Board

  • tyrone_jones1st tyrone_jones1st May 9, 2011 4:03 PM Flag

    BB&T Revenue Growth

    I read this in the Wall Street Journal. I hope it is based on something other than hope.

    BB&T Sees Better Revenue Outlook

    BB&T Corp. said its outlook for total revenue has improved for the remainder of this year, and it expects charge-offs to decline by year end.

    The regional bank said in an investor presentation on its web site that its "outlook for total revenues is improved" for the rest of the year, and it has seen credit trends "improve across the board" recently, with delinquencies and net charge-offs declining.

    The presentation on the site correlates with remarks Chief Financial Officer Daryl N. Bible will give at a conference in Boston on Thursday morning.

    North Carolina-based BB&T also noted that its "fundamental core performance remains strong and underlying business performance is improving."

    BB&T in April said its fiscal second-quarter profit improved 20% from its year-earlier level, though it noted at the time that revenue slid 7% to $2.04 billion, lower than analysts had expected at the time.

    The stock has fallen 20% in the past year.

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