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BB&T Corporation Message Board

  • rwmgn rwmgn Jan 24, 2008 1:28 PM Flag

    Who Are The Players?

    As of 1:00 PM today over seven Million Shares of BB&T have been traded. Anyone know who the big traders are?


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    • I AM! Be careful or I will move the market again!

      Jerome Kerviel
      FTSE Futures Trader
      Societe General, France

    • RW, good to hear from you,
      Only the BB&T specialist on the floor of the NYSE knows...he's the one who matches orders to buy/sell.
      The numbers would intuitively suggest institutions and/or other deep pockets.

      Sometimes in a crunch, the market differentiates quality, but if another shoe drops, all financials will fall back and climb out again.

      There are "still" going to be limit order buying and selling profit opportunities for patient investors.


      • 3 Replies to BBTFan
      • BAC previously owned over 3.5 million shares of BBandT. Some interesting comments by JA from June 2007:

        John Allison: "While traditional deposit-gathering and retail, small business, and commercial lending are at the core of our business, we also operate the seventh-largest insurance agency system in the nation and provide investment banking, trust, wealth management, and many other services. I believe we have a number of important strengths that drive our profitability. While we are the nation's 12th-largest banking organization, and provide all the services that any large financial institution can offer, our business model is intentionally decentralized into 33 mostly autonomous community banking regions that focus on providing the perfect client experience to our clients. We sell value, not price, and work to deliver the greatest value in the industry to our clients. We also operate a superior sales system, the BB&T Decathlon. Finally, I believe our decision-making philosophy, which is rational, objective, and fact-based, improves the odds of our success. With respect to future growth, in the last three years, we have invested significantly in transforming our company into one focused on organic growth by building de novo branches, hiring additional lenders and other revenue producers, and placing renewed emphasis on deposit-gathering"

        "JA: Our top three banking competitors are Bank of America (NYSE: BAC), Wachovia (NYSE: WB), and SunTrust (NYSE: STI). Traditionally, we have succeeded by providing better service to our clients than these institutions provide to their clients. In recent years, Bank of America and Wachovia, in particular, have improved their service quality and have done a better job integrating acquisitions than in the past. While independent surveys continue to demonstrate that our clients are more satisfied than those of these competitors, the gap has narrowed."

        "JA: Obviously, earnings per share and the growth rate of our earnings per share are very important. We have grown diluted earnings per share at a compound annual rate of 10.6% over the last 20 years ending Dec. 31, 2006. In 2007, the most important indicators of our financial strength and performance are our asset quality indicators and our ability to generate positive operating leverage (growing revenues faster than expenses), primarily by improving expense control."

        "JA: We did restructure $2.5 billion of investments in the fourth quarter of last year. The overall yield of the portfolio has increased 59 basis points from the third quarter last year to the first quarter of 2007. We will recover the losses taken in the restructuring during 2007 and are very pleased with the improvement in yield."

        "JA: I believe our stock often trades with the industry, which I believe ignores the lower risk of our balance sheet and our very strong track record of paying dividends. We have paid a cash dividend every year since 1903 and have increased the dividend 35 consecutive years. Also, with our Southeastern footprint we have one of the most valuable franchises of any regional bank."

        JA:" Currently, our most significant challenge is the interest rate environment, which is characterized by an inverted yield curve (where short-term rates exceed long-term rates) that creates challenges to growing interest-based revenues for BB&T and the entire industry. We have worked to mitigate this challenge by growing our fee-based businesses, which composed 40.6% of total revenues in the first quarter this year.

      • Good to hear from you Fan. To cold and windy to play golf so I am spending a bit more time on the computer. Good to see BB&T on the way back. I think those of us that have had this stock for more than a quarter century felt like that would happen.


      • Good to hear from you Fan. To cold and windy to play golf so I am spending a bit more time on the computer. Good to see BB&T on the way back. I think those of us that have had this stock for more than a quarter century felt like that would happen.


37.11+0.16(+0.43%)Jul 28 4:02 PMEDT