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BB&T Corporation Message Board

jim56442 534 posts  |  Last Activity: Jul 23, 2014 3:09 PM Member since: Oct 16, 2003
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  • Reply to

    Incompetence

    by c6at1952 Jul 21, 2014 4:15 PM
    jim56442 jim56442 Jul 23, 2014 3:09 PM Flag

    c6t952
    Good post.
    BBT's stock price per share is down from the price years ago and the dividend payment is also much lower than several years ago. I think the price per share currently is below the EOY 1998 price per share and the dividend is about what they paid in the early 2000's.
    I'd bet money that Kelly King,other executives and the BOD is getting nice inreases even wih the stock price and earning results.
    Wonder how they will justify the money they are getting now with bad earning results?

  • jim56442 by jim56442 May 5, 2014 11:33 PM Flag

    I'm having lots and lots of problems with the AOL Daily Finance page and was wondering if everyone else is having problems. The site won't let me connect and when I can get connected it kicks me off. This problem has been on going and the last suggestion I got from the site was to switch browers. I mean really.

  • Reply to

    What has the shareholders gained?

    by jim56442 Feb 12, 2014 2:04 PM
    jim56442 jim56442 Mar 27, 2014 6:29 PM Flag

    dhrosier
    At end of day today looks to be only a gain of $2.07. I understand your comment about history and prices but didn't you actually do the same thing which you referenced my price in February? Saw the proxy material for BBT today. Take a good look at the strike prices and the years on the options outstanding for the executives.

  • Reply to

    What has the shareholders gained?

    by jim56442 Feb 12, 2014 2:04 PM
    jim56442 jim56442 Mar 25, 2014 11:25 PM Flag

    dhrosier, you are so right. The Dow Industrials were 15,963 on 2/12 and finished today at 16,367 so the over all market seems to be up some too. However, my point was and still is that if you owned the stock on 12/31/1998 and still owm it today you have a gain of a whole $1.61 a share in what over 15 years. Great investment ? In the some time frame just how much has the BOD and executives been paid. Bonuses, stock options, stock grants etc? I did notice that your post was after the fact and you didn't seem to defend them originally.

  • jim56442 by jim56442 Feb 19, 2014 7:43 PM Flag

    The following is from an article at SEEKING ALPHA about the value of stocks according to Graham.
    Conclusion:
    BB&T Corporation does not qualify for either the Defensive Investor or the Enterprising Investor. The company has not demonstrated sufficient growth over either the 5 year or 10 year period. Value investors seeking to follow the ModernGraham approach based on Benjamin Graham's methods may find better opportunities elsewhere through research,
    The a

  • A share of stock in BBT EOD 12/31/1998 was $39.16. A share of stock in BBT EOD 2/11/2014 was $37.62. The quarterly dividend in 1998 was 17.5 cents a share and it is now 23 cents a share.
    In the years between 1998 and 2014 just how much has the BOD and executives received in salary, bonuses, stock optiions and additional insurance and perks? Was this pay based on the job done?
    What happened to the concept that the shareholders were the owners and were suppose to receive the benefits of ownership?

  • The new financial site seems to be a real mess. I can't seem to get signed on to it with any regularity . Having problems getting my own portifilios up on the site and a really big chore to try to get the protifilios to print out. Does anyone believe that a first class company would allow this to continue for 4 days?

  • Dividend Increase 2014

    Big Bank CEO: No Dividend Increase in 2014

    by John Maxfield, The Motley Fool Nov 17th 2013 9:01AM
    Updated Nov 17th 2013 9:02AM

    If you're a shareholder of BB&T and were hoping it'd raise its dividend next year, I have bad news for you. According to its CEO Kelly King, the mid-Atlantic-based bank isn't planning on doing anything of the sort.

    "There is still this downward pressure ... in terms of dividend payout rates," Kelly said on the company's most recent earnings call. He then went on to explain that it will be "challenging to raise dividends at a high level because ... we already have a very high level in terms of payout and dividend yield."

    What Kelly is referring to when he mentions "downward pressure" is the Federal Reserve-administered comprehensive capital analysis and review process, or CCAR, which gives the central bank an up-or-down vote on a bank's capital plans.


    In this year's CCAR instructions, the Fed didn't mince words, saying that "requests that imply common dividend payout ratios above 30% of projected after-tax net income available to common shareholders in either the BHC baseline or supervisory baseline will receive particularly close scrutiny."

    Herein lies BB&T's dilemma.


    As you can see in the chart above, it distributed nearly 54% of its earnings to shareholders over the last 12 months. This is more than any of its close competitors. For instance, JPMorgan Chase, Wells Fargo, and U.S. Bancorp all sport payout ratios in and around the 30% threshold.

    The net result is that, for better or for worse, BB&T will be left with share buybacks as the only means to return capital to shareholders

  • Would someone try to explain just what real incentive Kelly King, BOD and executives have to really increase the share price? In my opinion they get big bucks regardless of what the share price is and or does. Check back to about 1998 or so and I think you will find the share price at that time was much higher than it is today. In the meantime the BOD and the executives have been getting paid like they were doing a good job. Just have many times do the shareholders (owners) have to pay to plow the same field over and over? Share price below several years ago, dividend has been cut yet the executives are still making lots of money. Is this just the same good old boy network at work?

  • Know this is probably not the correct board for this, but interested to know if anyone has had trouble with new GM cars headlights fogging up? Drove the car about a 100 miles and the headlights were fogged up.
    Just bought a new Cadallic and the dealer says that the headlights having moisture inside of the lens and fogging up is a common problem and no cause for concern. Another GM dealer told me it is a very common problem with most all GM vechicles.
    Just doesn't seem right to me and maybe a real concern of future problems with light bulbs and electric wiring.
    Any comments appreciated.

  • Reply to

    Ready to cross over 50-day MA going up!

    by dump.obamie Sep 17, 2013 11:05 AM
    jim56442 jim56442 Sep 23, 2013 11:30 PM Flag

    Would someone try to explain just what real incentive Kelly King, BOD and executives have to really increase the share price? In my opinion they get big bucks regardless of what the share price is and or does. Check back to about 1998 or so and I think you will find the share price at that time was much higher than it is today. In the meantime the BOD and the executives have been getting paid like they were doing a good job. Just have many times do the shareholders (owners) have to pay to plow the same field over and over? Share price below several years ago, dividend has been cut yet the executives are still making lots of money. Is this just the same good old boy network at work?

  • If my math is correct as of a few minutes ago the mess about BBT's capital plan cost the shareholders about $600,000,000. I think we should give Kelly King, top management and the BOD another big raise for the great performance. Not everyone can creat this kind of loss for what to me appears to be bad management and poor decisions.

  • Reply to

    Fed Stress Tests

    by steelpokers Mar 14, 2013 4:51 PM
    jim56442 jim56442 Mar 14, 2013 10:39 PM Flag

    What performance are you speaking of being done. The stock is below the per share price in 1998 and the dividend is also way. way below the $1.84 paid in 2008/2009 period. The per share price 1998 was $39.00, 2007 $40.00, Oct. 2008 $35.85 and May 2010 $30.00. Is this the performance he received the big salary for doing? Seems there is actual performance in my opinion and what the management and BOD considers as being perfomance. The shareholders are the real owners and they should reap at least the same benefits as the workers who have no money investment in the company and receive a weekly or monthly paycheck, insurance and other benefits..

  • Reply to

    Fed Stress Tests

    by steelpokers Mar 14, 2013 4:51 PM
    jim56442 jim56442 Mar 14, 2013 5:04 PM Flag

    Sorry, that was the fed capital plan not the stress test which to my thinking should mean about the same thing bottom line..Still no worry for the shareholders as Kelly King, management and BOD got theirs.

  • Reply to

    Fed Stress Tests

    by steelpokers Mar 14, 2013 4:51 PM
    jim56442 jim56442 Mar 14, 2013 4:59 PM Flag

    So Kelly King get a 50% pay raise from last year, but his bank can't pass the federal stress test. Amazing that 14 other banks could pass the test. Bet the BOD has a good answer for the shareholders on this.

    From Bloomberg
    BB&T Corp. (BBT), North Carolina’s second-biggest bank, had its capital plan rejected by the Federal Reserve after the lender altered its calculation of some assets.

    “BB&T’s capital plan was objected to based on a qualitative assessment,” the Fed said today in a report detailing the results of its annual stress tests. The Winston- Salem-based lender can’t implement its requested capital plan and must resubmit the proposals after the “deficiencies” are fixed, the Fed said.

    BB&T, led by Chief Executive Officer Kelly King, 64, said March 4 it had reevaluated how to calculate risk-weighted assets and determined changes were needed to meet regulatory guidance, the Fed said today. The adjustments led to an increase in such assets and a decrease in BB&T’s risk-based capital ratios, according to the Fed’s report.

    Under its proposed capital plan, BB&T would have a Tier 1 common ratio of 7.76 percent in a stressed scenario, the Fed said today. That number doesn’t reflect the increase in risk- weighted assets or the decrease in BB&T’s risk-based capital ratios, according to the report.

    Qualitative failures could include faulty corporate governance or risk-management processes, inadequate underlying assumptions about the capital plan, an unsafe capital distribution or unresolved supervisory issues, the Fed said in the report.

  • Reply to

    BB&T's Future

    by jcbrowns Jan 30, 2013 9:51 PM
    jim56442 jim56442 Mar 5, 2013 11:52 AM Flag

    My personal opinion and thoughts are that it is run more for the management and BOD benefits than for the shareholders benefit. Just check out what management and BOD have received in total income and benefits during the last several year. Yet the actual owners which are the shareholders have received what for their investment.

  • Reply to

    BBT's aquisitions

    by pksgrady Feb 20, 2013 6:38 PM
    jim56442 jim56442 Feb 22, 2013 12:02 PM Flag

    Just how long do the shareholders have to wait? This same message has been appearing in this or a similiar form for about 12 years. In the mean time the good old BOD and company executives have gotten big money for keeping the stock price below the end of year 1998 price per share.

  • Reply to

    CRAMER SAID BUY, BUY, BUY

    by cutelatin904 Nov 13, 2012 7:29 PM
    jim56442 jim56442 Nov 27, 2012 4:01 PM Flag

    Welcome rpfla to the death of a thousand cuts. This is what this stock reminds me of being. Just my opinion, but look at the history of the stock price since about 12 years or so.

  • A share of stock in BBT was $39.16 on Dec. 31,1998 and the dividend was 17.5 cents a quarter. This is verus $29.98 a share at this time and a dividend of 20 cents a quarter.

    Guess Kelly King will get another raise and bunches of stock options and grants.

    Will the BOD and mangement of this company ever really be held accountable for the performance of this stock the last 14 years?

    Wonder if the BOD and management has actually had their salary, bonuses, board fees, stock options and stock grants cut by any amount?

    Is it time to replace this BOD and bank's management?

  • Reply to

    Additional New Directors?

    by jcbrowns Sep 4, 2012 11:31 AM
    jim56442 jim56442 Sep 4, 2012 1:33 PM Flag

    Maybe the powers that be which include King found some other friends that need to be on the payroll.

BBT
38.08+0.03(+0.08%)Sep 16 4:00 PMEDT

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