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BB&T Corporation Message Board

  • matollionequay matollionequay Jan 15, 2013 10:13 AM Flag

    Norm - Earnings prediction and how to play?

    Norm Your thoughts on earnings and how they will effect the stock price immediately? With the Jan options ending this week there isn't much premium required to play a short term move.

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    • King has a history of beating earnings expectations by a penny or two. The reo foreclosed property expense has been ridiculously high - big drag on earnings. Also, with 30 day delinquencies trending at or near an historic low, you would think that they would drop their provision for bad loans down to their "normalized" level of 70 bsp but it is still well above this. What's going on with the employees redeployed from reo liquidation to money making activites - remember King talking about the big drag on earnings from reo overhead?

      My big concern is the Congress. Bbt earnings take a back seat. We have a radical element in Congress - poses a serious threat to put us in recession and cause severe market activity.

      I'm still a shareholder and a customer of bbt. I do most of my banking now with Schwab and Scottrade. They provide discount brokerage. Also, Schwab interest rate on checking is 15 bsp while savings is 25 bsp. Bbt does not provide competitive discount brokerage. Also, I have found their insurance services are not competitive. I used to have my house, auto, umbrella through bbt but their "best deals" where too expensive and I switched over to Liberty Mutual for 1/2 the cost. Eventually, I may change my direct deposits, bill paying and visa over to Schwab. It's a pain because you have to get everything set up but long term it's simplification.

      Bbt has missed the boat on what's important to me. I look at myself as a typical " boomer"
      and I think they're going to have to change their focus in a major way if they want to keep business.

 
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