10 yr Treasury's yield up strong today. Has negative impact on all the BDC's. Not sure what is moving the bond market today. Buying opportunity?
Divvy increase to .27/sh/qtr announced today w/ up to $820 million in stock repurchase beginning in 3rd qtr. Thanks Mr. King & Board & to the employees that do all the heavy lifting & make this boat float.
If you think interest rates will eventually start rising you should hold or even buy as margins will increase. This may take awhile so if you are not the patient kind I would recommend to sell.
Not the best of quarters. I remember when BB&T consistently beat projections. Still think better days are ahead - especially if the Fed moves on rates. Have a feeling it may be later this year or early next due to the strong dollar that will only get stronger if rates rise. Stay tuned.
Stress test pass so dividend will increase 12.5% to .27/share/qtr. Stock buyback too. Now if the Fed will just increase the Fed Funds rate maybe the margin will have a nice increase. Looking good today.
Knee jerk reaction to the recession but some parts were needed while a lot were not well thought out. It seems like there was an effort to punish the banks rather than help the economy. The CFPB which Dodd Frank created needs to be reigned in.
BB&T Corp. (NYSE: BBT) was started as Outperform with a $44 price target (versus a $37.09 close) at Credit Suisse.
Would guess this opinion is based on the Fed starting to raise rates around June which would help the interest rate margin.
S&P CAPITAL IQ KEEPS BUY RECOMMENDATION ON SHARES OF BB&T CORP.
(S&P Capital IQ) Print
We lower our 12-month target by $1 to $40, 13.5X our '15 EPS estimate of $2.96, at the high-end of BBT's recent historical multiples. BBT reports Q4 EPS of $0.76 vs. $0.75, beating the Capital IQ consensus view of $0.73, on strong insurance brokerage revenues (up 10% from year-ago), investment banking (up 11%), and mortgage banking (up 28%). We see fee income growth staying strong. Net interest margin was stable, down only 0.02% from Q3. On our slightly lower loan growth outlook, we trim our '15 EPS estimate to $2.96 from $3.00, and our '16 estimate to $3.13 from $3.21.
On the surface, a .03 earnings beat looks pretty good on good expense control. Haven't seen the details but looks very positive today. Will be interesting to see what the analysts have to say.
In the world of the majors, analysts Phil Gresh and John Royall argue that companies with only a modest explore to U.S. shale fields need to focus on dividend coverage and manageable leverage. With that in mind, the pair initiated SunCor (SU) at overweight, citing “top tier sustainable dividend coverage and leverage, with some underlying growth potential,” and launched ConocoPhillips (COP) at underweight. Gresh and Royall downgraded Cenovus Energy (CVE) to neutral and remains neutral on Exxon and Chevron
Rafferty Capital Markets has lowered its rating for shares of BB&T Corp. to "hold" from "buy."
But despite the move, Richard Bove, vice president of equity research for Rafferty, remains positive about the Winston-Salem-based bank (NYSE: BBT) over the long term.
"While the next six months are expected to be lackluster in terms of company earnings, the next few years could be exciting," Bove wrote recently. "Longer term, this company has superior management, above average operating practices, and a positive outlook. I just do not want to buy yet."
Maybe 1/4 to 1/3 of a full position that you would consider buying. The price today is probably not a bad place to start.
Sentiment: Strong Buy
For a long term holder I think anything under $40 is buyable. Don't see a dividend cut as looks like plenty of cash & cash flow available. Would start buying but wouldn't buy the full position today.
Sentiment: Strong Buy