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BB&T Corporation Message Board

  • uio654 uio654 Dec 30, 1999 7:15 AM Flag

    Roller coaster off the track.

    When is this stock supposed to get back on track moving UP?

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    • guess is when the market believes the Fed
      is through raising interest rates. Last time I
      looked the consensus 12 month price estimate for BB&T
      was in the $40-$42 range. That would be a good move
      from these levels even tho '97 closed at 40 5/8. Takes
      a long view when a correction in a sector is going


    • and I am considering BB&T. Just some small
      investments for now, to which I expect to add over time. It's
      to be long-term for my retirement, which is many
      years away. But why this stock instead of others? What
      do all you "regulars" have to say? I am sincerely
      interested and thank you in advance for any and all answers.
      (Although I do work in a bank, it is not BB&T.)

      • 2 Replies to backofficebankinggal
      • titanium_bikes_are_overrated titanium_bikes_are_overrated Dec 30, 1999 5:59 PM Flag

        You say you are 'looking to buy into a few
        banks'...........meaning, presumably, more than one bank.

        You may
        wish to consider Citigroup...'C'.....
        It is a
        well-balanced, global, financial services commpany and its stock
        has performed very nicely in 1999, a year when most
        bank stocks performed miserably.

        In that you
        seem to have the luxury of timing, the question I have
        is "Why buy any bank's stock at this time"? Many
        analysts and economists believe that the Fed is going to
        raise interest rates in 2000........more than once.
        Perhaps, delay your purchase until early Spring, at

        In any case, the general wisdom seems to be that
        higher interest rates will reduce bank share prices,
        especially for regional-type banks such as BBT. (Please,
        people, do not inundate the board with messages about how
        banks have increased fee income and noninterest
        revenues and, thus, offset some of the net interest income
        risks.........we understand that concept.) The MARKET is saying
        that higher rates drive bank stock prices

        If you do not want to take the risks of investing in
        the technology or telecom sectors, and still wish to
        buy bank stocks, you may want to stay short for
        awhile, buy 3-month federal agency issues, and earn about
        5.75 - 6.00 %........while waiting for bank share
        prices to get lower......and they will go lower.

      • my advice - buy track records. Salomon Smith
        Barney in late October ranked BB&T third in overall
        performance (profit, growth, operating efficiency, capital,
        and asset quality) behind Fifth Third and National
        Commerce. Suntrust was 15th, BofA 13th, Amsouth
        20th,Wachovia 31st, Wells Fargo 36th, and First Union 42nd (no
        surprise there). This is just one opinion,

        the annual reports of your top candidates and see if
        you like what they say. Good Investing!!


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