Wed, Nov 26, 2014, 11:50 PM EST - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

BB&T Corporation Message Board

  • ayscuew ayscuew Oct 4, 2011 5:22 PM Flag

    What this board needs!

    We really need a technician on this board. Now we know what BB&T is going to do earnings wise through 2013. But we get a 6% move today bottom to top. Now if that European bank problem resurfaces tomorrow, we will sink below $20 again even though BB&T has no foreign exposure.
    norm & nobank: bone up on your technicals guys

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • TA for ays (short term swing trade) - http://stockstop.org/viewtopic.php?f=18&t=2399

    • Don't need the charts. No resolution hopes in Europe overnight, ALL major US banks will be down on the open today.
      Thanks boat.

      • 1 Reply to ayscuew
      • from newswwire

        As the foreclosure backlog continues to build up, delinquent borrowers are spending even more time in their homes without making mortgage payments.

        Once borrowers start missing payments, they spend an average of a year and nine months, or 611 days, in foreclosure before banks repossess their homes, according to LPS Mortgage Monitor. That's more than twice as long as three years ago, when the average was 251 days. Earlier his year, the average was 523 days.

        "The number of defaults in the pipeline has been huge and we had more problem loans than ever before," said Herb Belcher, who supervises analytics for Lender Processing Services (LPS), which provides mortgage industry information and analytics to big banks.

        With so many bad loans, servicers have had to prioritize which ones they can deal with and which ones to push aside.

        "It's like your boat has all these holes in it and is taking in water. You have to plug up the worst holes first," said Belcher.

        Squatter nation: five years with no mortgage payment

        The bottlenecks are particularly severe in judicial states where the foreclosures are processed through the courts, he said. In non-judicial states, where trustees handle the cases, the average foreclosure is six months shorter.

        Fannie Mae and Freddie Mac, which account for the majority of all mortgage lending these days, have been actively lobbying their industry partners -- the servicers and attorneys who handle the foreclosure process -- to either quickly get paperwork filed and push defaults through the system or put borrowers into a foreclosure prevention program, said Belcher.

        The industry has gotten better at dealing with the deluge; it has hired staff and refined procedures to improve efficiency. But a return to more normal processing times will take time given the enormous backlog.

        There were more than 4 million homes either in foreclosure or 90 days or more late with payments in August. Many of the new delinquencies are actually repeats: About 75% of the borrowers who fell a month behind in payments in August had missed payments before and then caught up -- only to fall behind again.

    • TA: Probably will get a swing trade sell signal tomorrow 10-11-2011

    • This B of D's need to take a lesson from BAC. BAC fired two top executives, severance pay for one was $5 MILLION DOLLARS, THE SECOND WAS $6 MILLION DOLLARS.
      Board members need to be more intelligent. These types of contracts to me reek with collusion.
      Stock holders it is time to elect B of D's that are both honest and intelligent. Honest is not enough.

      • 3 Replies to scarbrobill
      • Intelligent board members? Most corporations don't allow shareholders to vote against a director being re-elected. It's either for or withhold. It appears that if every shareholder, except a director, voted to withhold their votes for him, the director could re-elect himself. If I had my way, I would not let corporate officers determine director remuniration, nor would I allow directors to establish bonus goals and officer salaries. It's now a you scratch my back and I'll scratch yours and let the shareholders be danged.

      • Intelligent board members? Most corporations don't allow shareholders to vote against a director being re-elected. It's either for or withhold. It appears that if every shareholder, except a director, voted to withhold their votes for him, the director could re-elect himself. If I had my way, I would not let corporate officers determine director remuniration, nor would I allow directors to establish bonus goals and officer salaries. It's now a you scratch my back and I'll scratch yours and let the shareholders be danged.

      • If they took the huge gains they had built up on their investment securities in the 3rd qtr, they pass my intelligent test. Last year bbt realized gains on their investment securities of $585 million. This year it's been minimal but yields did not get sliced in half until this last qtr. Taking the gain imo, is critical. It's a big deal. Get that tangible book value up and make the market pay fmv for a very solid bank.

        They did hedge their high cost $3.2 billion trups so when they announced in March early redemption, bbt got to amortize the hedge gains in 2011 through 2013. Appears to be the major driver in the reduction of their cost of long term debt from 3.97% 1 qtr to 3.15% 2 qtr. Very nice.

        Suppose it does not matter that the top 8 insiders own almost 6 million shares.

    • norm:
      Do like the insider stock ownership. Would say that not one share was bought in the open market. Kelly King got millions of dollars worth of shares in his bloated 2010 pay package. Still happy that the insiders have held a few of the shares that were given to them.

    • Z99 - even though we come at it from different angles we are seeing similiar possibilities. In my mind the more things that line up - the more likely they will work as expected.

    • "The fact remains that prior prosperity was in substantial part built on chronic borrowings, not internal economic growth. The vehicles of such borrowings are now under a blanket of pressures to recapitalize and reform their business practices. The Volcker rule, named after former Fed Chairman Paul Volcker who championed the rule as part of the Dodd-Frank financial oversight law, was just released for public comment. Its preamble is 215 pages, with 381 footnotes. The notion underlying the Volcker rule is to prevent banks that benefit from government safety nets, such as deposit insurance on customer accounts or access to Fed money, from using those funds to profit for themselves. Whether such a rule is good or bad policy remains to be seen, but any rule requiring two hundred plus pages of preamble with more footnotes, is bound to stimulate lobbying and retard investing. Many observers opine that such zeal to have government regulate commerce is at the heart of what ails the economy. Others point out that the excesses born from the combination of years of too much loose money and greed are the reasons more government regulation is needed. Regardless of which perspective is correct, the impact on business growth is going to be adverse for the foreseeable future and in that environment it is difficult to anticipate a return to prior economic glory any time soon."
      Copied from Smarttrend, make of it what you will, but, Gov. needs to get out of the banking business IMHO.

    • Making your investment decisions based on technical analysis a week before earning's release is playing with tnt. In the long run, value trumps technical analysis. Bbt may be making its "run" now. It largely depends on next week's results.

    • Z99. AMEN.

    • Inlet,
      Someone bought 1430 jan 12 22.5 puts and sold 1430 dec 11 20 puts.
      This is an unusually large bet for this stock. is it not?

    • View More Messages
 
BBT
37.90-0.12(-0.32%)Nov 26 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
SeaDrill Limited
NYSEWed, Nov 26, 2014 4:01 PM EST
KLA-Tencor Corporation
NasdaqGSWed, Nov 26, 2014 4:00 PM EST
TASER International Inc.
NasdaqGSWed, Nov 26, 2014 4:00 PM EST