Interesting that investors made this same exact call in February, and were dead wrong then. Seems inevitable that BBT will end up with and extraordinary call on their Cap Trust Preferreds, but not clear when that will be. Probably will see these guessing games and price volatility right up until that time.
Good article. The pfd are callable anytime and will be redeemed at $25/share plus accrued interest. I think bbt has hedged their pfd trust which has already significantly lowered the cost of their long term debt. There possibly could be some gain to be booked should the bank called the pfd in 2012.
Info on quantumonline should be disregarded because the Fed initiated a trigger event.