1. Regarding #1793/rollingstone, I don't think
Allison wants to be bought by STI but sooner or later he
may not have a fiduciary choice. That would be one
heck of a Southeast powerhouse. If you were CITIBANK
or CHASE would you prefer to buy FTU (even longer
term a cobbled together franchise)or the STI/BBT
franchise? And...STI owns a little KO stock, I'm told. I
pray that they get together.
2. You'all may
know this site already, but just in case...
marketguide.com hasd a great "what's hot" section including S&L,
Bank and Insurance listings...shows lots of info,
ranking evey few days based on price increses. Re:
#1801/xftu...Reliastar and Protective Life were up plenty. Check it
In todays American Banker, Bear stearns bank
analyst Sean Ryan lists his own potential merger
candidates. Wells Fargo and Reliastar, both with substantial
operations in Minneapolis; BB&T and Bank of America with
Jefferson Pilot all headquatered in North Carolina. Third
is Amsouth, Southtrust, or Regions Financial with
Torchmark or Protective Life.
I think the first
quarter will be quite active...
say that it's going to happen: that big insurance
and stock brokers and investment banks will "go more
retail" and buy smaller banks, that financial superstores
are coming maybe not next month but eventually ...
First, based on latest release of info (3rd Q),
floods should not mterially affect BBT. Plenty of room
for taking higher losses without impacting earnings
(remember that "reserve" is just that. Any charges to it do
not affect earnings. But, if the reserve is increased
- that is a charge to earnings. Size of the reserve
is the issue. If it is "too big" now -which I
suspect, charges may only shrink it to "normal" size
without adversly impacting earnings.)
as Glass Stegal (was he George Segal's father in law
before he Americanized his name?), if BBT is moving up
on this news, it should be because somebody thinks
BBT could be bought because of it. If it was the
other way around, wouldn't the stock price go down?
IMHO, I think BBT moved up because the lemming effect
dragged all bank stocks up on this news. Let's face it,
the market was looking for something
Regards and let's hope it hits $35 by New
spubadub, if Glass Steagel, or whatever, is
repealed, how do you think that might effect BBT? I mean, I
don't expect Merrill Lynch, or Prudential Insurance, to
buy BBT.........or vice