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BB&T Corporation Message Board

  • tidewaterbaby tidewaterbaby Oct 27, 1999 3:45 PM Flag

    BBT at 34,

    son of a gun, waywardthought, I didn't think you could be right, but the finance stocks are surging today. What gives?

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    • 1. I believe Citi and Travellers had a 2 year
      time frame for legislation to catch up with them or
      they could unbundle non-complying
      businesses.

      2. Agree with poster who says STI has to digest
      Crestar - they typically do deals every 7 or 8 years and
      have a new CEO, Humann or something and I'd doubt he'd
      want to give up CEO to John and John ain't playing if
      he ain't leading. I look for more small to midsize
      aquisitions for BB&T, Ga. Va. Md. etc.

      3. BB&T
      insurance business, 40 years old or so, has been within the
      laws for N.C. state chartered banks - it's a sub of
      the bank rather than the holding company. National
      banks were prohibited - that's why Southern National
      was folded into BB&T's state charter, I'd
      guess.

      4. New legislation is going to jump-start banks and
      financial stocks. For BB&T, they could get into insurance
      (life) underwriting. BB&T & JeffPilot would be a great
      combo. But I believe Hugh & JeffPilot CEO are on each
      others board. 2000 is going to be an interesting
      year!

      Fan

 
BBT
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