"BB&T's Q1 earns falls shy of expectations.�(BBT)�By Tomi Kilgore
"BB&T Corp. (BBT) reported first-quarter net income of $327.7 million, or 69 cents a share, up from 66 cents a share in the year-earlier period. Excluding non-recurring items, earnings for the quarter ending March were 70 cents a share, a penny shy of the average analyst estimate compiled by Thomson First Call. The banking company said global uncertainties and poor weather weighed on an already slow economy and hurt loan demand and led to a "modest" increase in non-performing assets. "
BAC and C beat their numbers; to they have an ability to deal with "global uncertainties and poor weather" ... and "an already slow economy" that's lacking here? Or has this bank been too buy-happy?
This is what I was afraid of - no more "black hole" to pull from. They either make it every day or they miss. Welcome to the real wourld JA. Still, a good buy long term, IMHO, but not now. If "noise" stays low, I think weak economy and bad loans will pull us down to $30.
Hold on - $30 is coming, dang it. Then buy.
Still too long BBT, but the mortgage doesn't depend on it (well, no mortgage at my age thank God, but that new set of Pings will have to wait.)