Actualy this administration has helped BBT by keeping the financial sector from self-destructing. If you will not the taxpyers are starting to get significant repayment + divvys. AIG is the biggest problem out there now!
BB&T has never been in risk failure, earnings stress for sure, but nowhere near insolvent.
BB&T would have been one of the very few survivors among the large banks without the bailout.
Might BB&T have had an incredible opportunity if they had so little competition and the weak sisters were no longer scaring the public?
Just fantasy thought.
As a 44 year s/h who remembers first hitting 40 post split in 1998. I'd be real excited about seeing 40 again. But earnings will have to improve enough to support repairing the dividend with a normal PE to get there.
An interesting side note from the conference call; an analyst observed that BB&T was one of only two SE banks to record an increase in loans.
In the meantime, make money on the swings in the trading range. I am. 4K ytd.