|Bid||50.53 x 1800|
|Ask||50.54 x 1300|
|Day's Range||50.12 - 50.71|
|52 Week Range||40.68 - 56.03|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||12.84|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||1.62 (3.48%)|
|1y Target Est||55.47|
Under the shadow of the BB&T and SunTrust merger, regional bank CEOs shrugged off the idea of M&A on their earnings calls. But could dealmaking be happening in the backrooms?
Top executives with both SunTrust and BB&T; emphasized their “strong performance under the Community Reinvestment Act” and the benefits of the proposed merger.
By the end of 2019, SunTrust and BB&T; are expected to close their “merger of equals” – a move that will create a yet-unnamed new bank that will be headquartered in Charlotte rather than Atlanta.
BB&T; Chief Executive Kelly King and SunTrust CEO Bill Rogers delivered prepared remarks at Thursday's meeting, which was hosted by the Federal Deposit Insurance Corp. and the Federal Reserve Board.
Regional banks BB&T Corp. and SunTrust Banks Inc. said Thursday their chief executives are discussing a merger of equals. The CEOs, Kelly King of BB&T and William Rogers of SunTrust, said they spoke earlier today at a joint public meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation on the proposed deal. Shares of both banks were slightly higher in early trade.
CHARLOTTE, N.C., April 25, 2019 /PRNewswire/ -- BB&T Chairman & Chief Executive Officer Kelly S. King and SunTrust Chairman & Chief Executive Officer William H. Rogers, Jr., today spoke at a joint public meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation on the proposed merger of equals between BB&T Corporation (BBT) and SunTrust Banks, Inc. (STI). Both CEOs and CRA leads shared information relating to the benefits of the proposed merger of equals for clients and communities, along with a summary of both institutions' strong performance under the Community Reinvestment Act (CRA).
ATLANTA, April 25, 2019 /PRNewswire/ -- SunTrust Chairman and Chief Executive Officer William H. Rogers, Jr. and BB&T Chairman and Chief Executive Officer Kelly S. King today spoke at a joint public meeting of the Federal Reserve Board and the Federal Deposit Insurance Corporation on the proposed merger of equals between SunTrust Banks, Inc. (STI) and BB&T Corporation (BBT). They were joined by SunTrust Enterprise Community Reinvestment Officer Lynette Bell and BB&T Director of Corporate Social Responsibility and Community Reinvestment Sharon Jeffries-Jones.
The Zacks Analyst Blog Highlights: Philip Morris, American Express, Honeywell, BB&T and SunTrust Banks
The banks are using the choice of a new name as a culture-building moment, SunTrust CEO William Rogers said.
Earnings per share for the Winston-Salem-based bank hit $1.05 per share — excluding charges for the merger with Atlanta-based SunTrust Banks Inc. — 2 cents above the $1.03 per share analysts expected.
At Coke's annual meeting in Atlanta on April 24, Quincey will consolidate his leadership of the beverage company.
WINSTON-SALEM, N.C., April 18, 2019 /PRNewswire/ -- BB&T Corporation (BBT) today announced the Board of Governors of the Federal Reserve System has terminated its Cease and Desist Order with BB&T Corporation related to BB&T's anti-money laundering (AML) program. No money laundering activity was identified and no financial penalty was levied in relation to this order. "We are very pleased with the Fed's announcement," said BB&T Chairman and Chief Executive Officer Kelly S. King.
BB&T said adjusted earnings for the three months ending in March came in at $1.05 per share, up 11.7% from the same period last year and 2 cents ahead of the consensus forecast. "We are pleased to report strong earnings of $749 million, or $0.97 per diluted common share, for the first quarter," said CEO Kelly King. BB&T shares were marked 2.01% lower at the start of trading following the earnings release Thursday to change hands at 48.83 each.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does BB&T (BBT) have what it takes? Let's find out.
The firm will collaborate with marketing and digital experts at the banks to create, research and implement the name.
WINSTON-SALEM, N.C. , April 18, 2019 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today reported earnings for the first quarter of 2019. Net income available to common shareholders was $749 million . Earnings ...
While People's United Financial's (PBCT) top and bottom lines are anticipated to reflect year-over-year growth, escalating expenses might mute revenue growth to some extent.