|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||53.28 - 53.85|
|52 Week Range||41.17 - 56.31|
|PE Ratio (TTM)||19.46|
|Forward Dividend & Yield||1.50 (2.88%)|
|1y Target Est||N/A|
Mar.28 -- Mike Mayo, Wells Fargo Securities senior bank analyst, explains how larger banks are beating smaller regional banks. He speaks with Lisa Abramowicz on "Bloomberg Markets."
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.
Major banks' Q1 earnings are expected to be driven by higher interest rates and decent loan growth. Also, a slight improvement in fee income will likely provide some support.
BB&T's (BBT) Q1 earnings are expected to reflect improvement in loan balance and higher insurance income. On the other hand, interest income performance will likely disappoint.
Investors' bullish stance on bank stocks was mainly driven by expectations of improving economy and decent Q1 earnings.
A bank spokesman said the work conducted in the Allentown call center would be transferred to BB&T’s five other call centers in North Carolina, Texas and Florida.
A large part of investment returns can be generated by dividend-paying stock given their role in compounding returns over time. In the past 10 years BB&T Corporation (NYSE:BBT) has returnedRead More...
As part of strategic initiatives to further strengthen insurance business, BB&T (BBT) signs an agreement to acquire Regions Financial's insurance subsidiary.
Canyon Capital Advisors indicated in a regulatory filing that it would like a board seat on the student loan servicer.
Prospects of merger & acquisition (M&A) activity and changes to cumbersome financial regulations are turning 2018 into The Year of the Financial Stock.
BB&T Corporation (NYSE: BBT ) shares pulled back along with the broader market last week, although they have recouped part of their losses since then. The Analyst B Riley FBR analyst Steve Moss upgraded ...