Stock drop appears to be a classic overeaction to the USB news about missed earnings. I doubt that BB&T and a slew of other banks caught in the down draft will warn about earnings this quarter. Banks that depend too much on the interest spread may be in trouble though. I see a lot of bargains now including BB&T. My favorites are FBF and SVRN for those with a year or more horizon. Allison has done a decent job of diversification.