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BB&T Corporation Message Board

  • lookoutgrady lookoutgrady Mar 17, 2012 10:08 AM Flag

    BBT still under valued

    It seems BBT is still under valued and could move higher into the mid 30's. It cleared a lot of resistance and is breaking out. The next resistance would be around 36, and if cleared around 40, which actually would be quite possible.

    Are there any earnings projections for supporting these kind of TA trading ranges?

    BTW I would not touch PNC; the RBC acquisition has been planned and executed very poorly; it seems there are a lot of disgruntled customers leaving for a better bank.

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    • Norm Lasky has done a lot of work analyzing the earnings outlook for BB&T. He is an expert in the area of finance and banking. His estimate for earnings this year is between $3 and $4, while for 2013 the estimate is near $5. A lot of factors will affect these estimates, so only time will tell.

      Incidentally, the estimates from John Seigenthaler of Credit Swiss are worthless. He knows nothing about BB&T in my opinion. I look upon him as a complete idiot.

38.88Oct 25 4:02 PMEDT