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BB&T Corporation Message Board

  • gadder007 gadder007 Dec 12, 2013 3:32 PM Flag

    Upgrade in target price

    BB&T Corp target raised to $43 at Compass Point

    Compass Point raises their BBT tgt to $43 from $40. The firm says, in the near-term, there will be some headwinds in the fourth quarter due to "flattish" loan growth and a 10 bp decline in NIM. The relatively flat loan balances are partly due to seasonal items and the decline in NIM is due to the sale of a $500M loan portfolio and Colonial run-off (both of which do not effect core NIM). They say while management has been talking about expense management for some time, this is the first comments the company has made citing specific efficiency targets

36.2268-0.4832(-1.32%)2:38 PMEDT