|Bid||54.14 x 3200|
|Ask||0.00 x 2200|
|Day's Range||54.43 - 54.98|
|52 Week Range||41.17 - 56.31|
|PE Ratio (TTM)||20.00|
|Forward Dividend & Yield||1.50 (2.74%)|
|1y Target Est||N/A|
Five banks with significant operations in the Philadelphia region will see their regulatory oversight lessened due to a new law that will roll back parts of the Dodd-Frank law enacted in the wake of the financial crisis. The bill, signed into law by President Donald Trump Thursday after approvals from the Republican-led Senate and House, would increase the threshold for so-called “too big to fail” banks from the current $50 billion in assets to $250 billion. BB&T (NYSE: BBT), Santander (NYSE: SAN), Key (NYSE: KEY) and M&T (NYSE: MTB) — five of the 14 largest banks operating in Greater Philadelphia— would no longer be subject to all of the stress tests and other regulatory obligations that come with being “too big to fail.” There are currently 30 U.S. banks with between $50 billion and $250 billion in total assets.
Last week's shooting at Santa Fe High School brought Charlotte-based Bank of America Corp. under fire once again for its decision to back a lending package to save assault-rifle manufacturer Remington Outdoor from bankruptcy.
A newly approved measure cuts some regulations for small lenders that were included in the Dodd-Frank reform bill.
Major banks — outside of money-center giants — are set to gain a measure of relief when the House of Representatives votes Tuesday on a deregulation bill. The bill, the Economic Growth, Regulatory Relief and Consumer Protection Act, not only will make the regulatory burden lighter but will help set the stage for agencies to act further, analysts say.
Four former BB&T branches in North Carolina, including one in the Triad, will go up for auction on May 31.
Krispy Kreme has toppled Starbucks as the best coffee shop brand, according to the Harris Poll for 2018.
Assessing BB&T Corporation’s (NYSE:BBT) performance as a company requires looking at more than just a years’ earnings data. Below, I will run you through a simple sense check to buildRead More...
WILMINGTON, Del./NEW YORK, May 6 (Reuters) - Bank of America Corp is preparing to provide critical financing to Remington Outdoor Co, which makes assault-type rifles, just weeks after the U.S. bank said it would stop financing "military-style" firearms for civilians. The bank is contributing $43.2 million to a $193 million lending package funded by seven banks, according to court documents, which will help put Remington back on stable footing as it emerges from bankruptcy later this month into an uncertain environment for gun makers. The package replaces a similar credit facility the banks committed to providing Remington.
have over the years declared so-called "special dividends" -- one- time extra payments to shareholders. With the new U.S. tax law granting corporations a limited window to repatriate overseas profits at low tax rates, many companies might use the extra cash for special dividends. Let's discuss how this impacts income investors.
For the 13th year, J.D. Power has ranked how well the nation's retail banks are meeting customer expectations.
As a $ 41.94B market capitalisation bank, BB&T Corporation (NYSE:BBT) is well-positioned to benefit from the improving credit quality as a result of post-GFC recovery. A borrower’s demand for, andRead More...
Central Florida's banks are ready to grow, despite increased competition and the need for high-tech advancements.
During 2017, many large US banks reported a material slowdown in the growth of noninterest-bearing deposits, a credit negative, Moody's Investors Service says in a new report. This trend is likely to continue in 2018 as short-term interest rates rise further, which opens the possibility for an outright contraction in banks' noninterest-bearing deposits, though this could be mitigated by growth in low-cost interest-bearing alternatives, such as interest checking. "The deposits held in noninterest-bearing accounts are at the heart of a typical banking relationship, forming a cornerstone or 'crown jewel' in banks' franchises," Moody's Senior Vice President Allen Tischler says.
In a conference call with analysts, BB&T CEO Kelly King addresses the outage in February that caused many of the company's banking services to be unavailable to customers.
While the bank will more than likely compete with bigger banking giants for business, local banks could feel a recruitment squeeze, experts say.
Banks including Wells Fargo, Truliant, BB&T and First Bank are pitching in to help the region recover from an April 15 tornado.
Procter & Gamble PG – Procter & Gamble earned an adjusted $1 per share for its third quarter , 2 cents a share above estimates. BB&T BBT – The regional bank reported adjusted quarterly profit of 97 cents per share, beating Street forecasts by 5 cents a share. Bank of New York Mellon BK – The bank came in well above forecasts, with quarterly profit of $1.10 per share.