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BB&T Corporation Message Board

  • dsquared24112 dsquared24112 Apr 26, 2009 8:21 AM Flag

    Pundits and the Dividend

    Analysts: BB&T isn't likely to need more government aid

    Published: April 25, 2009

    NEW YORK - BB&T Corp. was listed among six large financial institutions that are not likely to need more capital or federal-government aid to survive the banking crisis, according to a study released Thursday by analysts at KBW Inc.

    However, they also joined the chorus of analysts projecting that BB&T will have to cut its dividend to meet its stated goal of paying back $3.1 billion in federal bailout money as soon as possible.

    The KBW analysts conducted their own stress test on 19 financial institutions based on criteria similar to that being used by the U.S. Treasury. "We concluded that $1 trillion of capital would be needed industrywide,' the analysts said.

    The analysts said that BB&T likely is waiting for the federal stress test to be completed before taking action on its dividend. BB&T is the largest bank in the country that has not reduced its dividend. It declared a 47-cent dividend for the second quarter.

    THEY just won't be happy until BB&T cuts their dividend. It is like a jealous sister or brother, if I can't have it- you are not either!

    When do you think the next run to $40 will take place, I believe a run is coming but when?

    Long and Strong with BB&T.

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