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BB&T Corporation Message Board

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  • normlasky normlasky Jul 9, 2012 7:34 PM Flag


    "Update us on the economic growth (last I heard you thought it was great and going to improve). Sorry - unfair of me - you are buried in the minute details of BBT #s."

    I said the economy was ok, not great. I also said that until housing improves a lot we're stuck in slow growth economy. I suggest if you want an update on the economy, go consult with your friends at ecri. They seem to be right on top of things. Last September, they made an absolutely sterling call on the economy.

    I think by the 4th qtr. 2012, bbt will be earning $1 share. At $31 share, I like their risk/reward profile. 2nd qtr. 2012 loans for us banks were up $77 billion or 4.4% annualized. I think bbt gained market share in the second qtr. and likely increased net loans in the $2 billion range for the qtr (excluding covered loans).

    For those interested in bbt I suggest you check out the Federal Reserve 6/7/12 announcement and page 121 of bbt 10-k report.

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