BB&T Corporation (NYSE: BBT - News) reported its second quarter 2010 operating earnings per share of 33 cents, in line with the Zacks Consensus Estimate. The earnings increased 22.2% from 27 cents per share in the prior quarter and 65% from 20 cents in the prior-year quarter.
... Strong fees and commissions, improved insurance income, and moderate growth in net interest income along with a year-over-year increase in average client deposits, reflecting a continued growth in deposit mix, contributed to the satisfactory results in the quarter. However, significant weakness was experienced in non-performing assets, mortgage banking operations and non-interest expense.
I keep trying to tell you the big boys will always take care of the big boy. They are generous though, they do let a few scraps fall so the little boys can pick up a few little pieces. This is the way the business and the political world works. ECON 101