|Bid||45.05 x 100|
|Ask||48.33 x 500|
|Day's Range||44.15 - 44.83|
|52 Week Range||33.72 - 49.88|
|PE Ratio (TTM)||17.50|
|Earnings Date||Jul 20, 2017|
|Dividend & Yield||1.20 (2.74%)|
|1y Target Est||47.57|
The Federal Reserve is announcing the results of its comprehensive capital analysis and review, and banks will then start announcing their dividend and/or stock buyback plans.
WINSTON-SALEM, N.C., June 28, 2017 /PRNewswire/ -- BB&T Corporation (BBT) today announced the board of governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions. The plan also incorporates other uses of capital including capital distributions of up to $1.88 billion in share repurchase transactions beginning in the third quarter of 2017. "We are pleased to receive the Federal Reserve's non-objection to our plan to increase dividends and authorize a share repurchase program," said Chairman and Chief Executive Officer Kelly S. King.
There are several reasons to reconsider bank stocks and ETFs.