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BB&T Corporation Message Board

jim56442 540 posts  |  Last Activity: Nov 22, 2014 1:57 PM Member since: Oct 16, 2003
  • jim56442 by jim56442 Nov 22, 2014 1:57 PM Flag

    I'm just wondering if BBT will ever reach the same level and hold it as it was end of year 1998. Yahoo states that a share of BBT was at $40.31 end of year 1998 and it closed Friday aty $37.51. Just for information the dividend was 17.5 cent per quarter in 1998. So the shareholders have lost $2.80 a share and the dividend has increased by 6.5 cents a quarter in about 16 years.

    Does anyone possibly think or state that this is even an average performance?

    How does the Board of Directors, Kelly King and the executives of this company actually take their pay with a straight face?

  • jim56442 by jim56442 Nov 12, 2014 3:15 PM Flag

    South Carolina judge orders BB&T to pay $17 mln to misled investor
    By Suzanne Barlyn

    Tue Nov 11, 2014 4:30pm EST
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    Nov 11 (Reuters) - A South Carolina judge has ordered BB&T Corp to pay $17 million to a former financial adviser for mismanaging the man's retirement nestegg, a ruling that more than doubles a jury's June award, according to court documents.

    Judge Edward Miller in Greenville, rejected a demand by BB&T Corp to overrule a jury's verdict totalling $8.1 million in favor of Francis Maybank, who filed the case against BB&T and two units in 2011, according to an opinion filed late Monday the Court of Common Pleas for the Thirteenth Judicial Circuit.

    A BB&T spokeswoman could not be immediately reached for comment.

    "We are gratified that justice prevailed and a wrong was righted," said Mitchell Willoughby, one of Maybank's lawyers.

    Maybank, of Charleston County, South Carolina, founded a trust and asset management company that BB&T acquired in 2001. BB&T bought Maybank's firm, which managed $700 million in client assets, with 246,000 shares of BB&T company stock, according to the complaint. Maybank hired BB&T's wealth management division in 2006, when nearing age 74, to advise him on investing his retirement portfolio.

    BB&T recommended a complex investment strategy involving a type of derivative, a security whose value was linked to the performance of underlying BB&T stock, which BB&T advisers said would help him to reduce his concentration in the company's shares while raising cash to invest in a diversified portfolio, Maybank alleged.

    They did not disclose to Maybank that the strategy would force him into an expensive cycle of rolling over one derivatives transactions into another, which meant more fees

  • Aol's financial site as of today will not let me add or delete a stock to my protfilios.Will they ever get this site to operate correctly? Spent over 20 minutes on the phone with customer service for them to discover what I had already told them that site did not work correctly. So now not only can you not click on an individual stock to get the days details and news, but you cannnot change the items in your protfilios..

  • jim56442 by jim56442 Oct 23, 2014 1:09 PM Flag

    •It's a bit of a regional bank pair trade at Goldman Sachs, which upgrades Fifth Third Bancorp (NASDAQ:FITB) to Buy citing the recent underperformance of the stock (off 10.5% YTD), and downgrades BB&T (NYSE:BBT) to Neutral on risks to 2015 earnings estimates.

  • Just wondering if everyone else is having as much trouble with AOL's financial site as i am. Internet Explorer can't seem to get onto the site and with Google Chrome which they recommend isn't a whole lot better. Using Google Chrome when you try to get the details of an individual stock a message comes up as Bad Request. This has been going on for some time now and doesn't appear to be getting fixed.
    Thanks for the feed back.

  • jim56442 by jim56442 Oct 16, 2014 1:37 PM Flag

    Why Regional Bank BB&T Is Too Expensive and Should Be Avoided

    BYRichard SaintvilusFollow |

    10/15/14 - 12:21 PM E
    Comment

    Thought the following article as interesting especially after this earnings report.

    NEW YORK (TheStreet) – BB&T Corporation(BBT) continues to spend money like there's no tomorrow, trying to appease shareholders' demand for growth.

    If you think this is a buying opportunity, think again. These shares are going to trade in a tight range until the company shows it can produce enough of a return from the money it has spent on acquisitions.


    BB&T's shares, at around $36, are off over 3% for the year to date and nearly 10% for the last three months. Shares were as high as $40.21 in July. Shares have fallen below the lowest analyst target of $38, so there's more room to fall. The company reports third-quarter earnings before the market opens Thursday.

    Overcompensating for a low interest rate environment is a double-edged sword for the North Carolina-based bank, which has $45.7 billion in total deposits. The bank's balance sheet has already ballooned to a net debt position of $22.57 billion. By comparison, similar-sized regional banks SunTrust(STI) , Fifth Third(FITB) and Regions Financial(RF) have net debt positions of $11.44 billion, $12.65 billion and $77 million, respectively, all according to Yahoo! Finance.

    A BB&T representative was unavailable for comment at press time.

    BB&T recently acquired 41 retail branches from Citigroup(C) to expand its footprint in Texas, an important growth area for BB&T, which became one of the largest banks in the state, gaining more than $5 billion in deposits. Weeks later, BB&T picked off Bank of Kentucky(BKYF) , paying a 28% premium to become the No. 2 bank there. Bank of Kentucky has total deposits of $

  • 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.

BBT
37.59-0.31(-0.82%)Nov 28 1:05 PMEST

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