BB&T Corporation Message Board
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Thing is, they are running a bank like it was 1960.
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Are you on the correct board? This is BBT. Our stock went down more than the market on the downslide, and came back less than the market when things recovered. There isn't a lot of pent up demand for this stock that I can see.
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Unlikely since they are piloting centralized lending approval.
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I went in a branch today and the local Mgr was telling me about the business bankers who left. Funny, they are pushing business calls on one hand, and they let the top 3 commercial bankers in the Louisville Region quit on them. Those 3 guys may have had 100 million in loans between them. Not going to grow anything letting this continue to happen.
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Where have they been? They should have had this 15 years ago. The next 10 years will be filled with closing branches. Why? There are no new streams of income to grow revenue. Only thing left is cost cutting. Branch Managers now make 17 business calls a week. Great, except they will loose a good portion of business walking in the door while they are out to offset additional sales. Another example of Sr. Management grasping at straws because they really don't know what else to do. It's not just BBT in this situation, all bank's revenue streams are now limited with stricter underwriting guidelines, restrictions on the golden goose called overdraft fees, and a stagnent economy.