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BB&T Corporation Message Board

jim56442 3 posts  |  Last Activity: 2 hours 30 minutes ago Member since: Oct 16, 2003
  • jim56442 by jim56442 2 hours 30 minutes ago 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 $

BBT
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