$TFC Maintains Raymond James Financial Outperform USD 58 » USD 65
B
WASHINGTON, March 25 (Reuters) - The U.S. Federal Reserve announced on Thursday it would likely remove income-based restrictions on bank dividends and share buybacks for "most firms" in June after its next round of stress tests.
Bullish
Y
TFC is down 4.91% to 56.76
A
All time high today. Congrats to all investors!
Bullish
Y
TFC reached a 52 Week high at 55.99
O
Nice move up today 2/2 considering 65% of trading volume was shorting.
O
Watch out extremely oversold. Big move up coming.
Bullish
H
Had 3 accounts with Suntrust-after merger was being charged $20 a month per account since I didn't have $10,000 in each. Closed all accounts and moved to a non fee credit union. You can only charge so many fees that business goes elsewhere. Oh still have been a stock holder with BBT for over 30 years.
J
Great job Kelly and the BOD the share price is now almost back to the per share price of BBT in 1998.
J
Just wondering if the top executives and BOD took care of themselves as in my opinion they usually do? It will be interesting to find out if all the stock options, grants and other perks they get will all now vest immediately rather then them having to wait until they are due.
S
Before we talk about the shareholders, I think it’s worth pointing out that employees have taken it on the chin for the past 8+ years with relatively small Year over year wage increases of 1-2%, and many, many layoffs of really superb people to boost up shareholder returns
v
This bank has some nice profit generating components : And a LOT of cost cutting opportunities with the merger and technological advances. Just wish top people and board would be commensurate with taking money/stock from the company . Would add value credibility.
B
BB&T posted record second quarter earnings a couple of days ago. The legendary Charles Schwab once said: "which would you rather do, put your money in the bank, or OWN the bank?" I'm with Chuck!!
J
It won't be long now until the BOD will issue stock options and grants. I'm guessing that they will as usual give out lots and lots of options and grants even with the action of the stock price. In my opinion it seems as if top management and the BOD gets lots of stock options, grants, pay and benefits regardless of how the shareholders fair.
J
If you own this stock and it was BBT you had better love the dividend because a share of stock in BBT was over $40 in 1998. The executives and Board of Directors have been paid very well over and over and the long term shareholders get what?
S
This bank checks on almost all the ratio, balance checks and financial stability checks. I can't believe we are getting it at such a discount! Extremely bullish.
Bullish
m
My Mother has a savings account with TFC and their interest rate has slowly gone down from 1.14% to .01% over the last year. .15 cents she makes on $12,040 a month. In the 1970s & 1980s the CD rates were posted in the lobby but at TFC it's a big secret. I like a stock with a lively message board and I bought TFC today at $32.88 because of the dividend. CODX has a nice MB and swings $10 a month up and down. Musical chairs for gamblers trying to upgrade to a Porshe.
J
Fantastic job top executives and BOD. I hope you realize your per share price on the stock is now less than $6.00 from the per share price of BBT stock in December 1998. However, I guess you probably like that because now a lot of you will get paid big bucks and benefits to increase the share price again even though you have already been paid to do that in the past..
J
Four BB&T executives were offered compensation to "promote retention and to incentivize efforts to consummate and achieve the anticipated benefits of the proposed merger," the filing read. Those four executives are Daryl Bible, chief financial officer; Donna Goodrich, treasurer; Christopher Henson, president and chief operating officer; and Clarke Starnes, chief risk officer. The nearly $13 million in Synergy Incentive Awards will be paid in two installments. Thirty-three percent will vest on Aug. 1, 2021, or earlier if the bank systems are fully converted sooner than that. The rest will vest on Jan. 15, 2022. Bible and Starnes will each receive $3.11 million. They plan to stay on as CFO and CRO, respectively, at the combined institution. Both are still eligible for the two installments even if they decide to retire after Aug. 1, 2021, but before the second vesting date, according to the filing. Henson will receive $4.16 million. He has agreed to stay on as COO at the new bank. And Goodrich will receive $2.58 million. She will stay with the combined bank as corporate treasurer.
B
None of the branches in my area have changed the name to Truist. What's up with that? Dividend payout around the first of the month was nice though, very nice, and steady, very solid, dividend, very dependable, very DRIP-able.
Maintains Raymond James Financial Outperform USD 58 » USD 65
The legendary Charles Schwab once said: "which would you rather do, put your money in the bank, or OWN the bank?"
I'm with Chuck!!
The nearly $13 million in Synergy Incentive Awards will be paid in two installments. Thirty-three percent will vest on Aug. 1, 2021, or earlier if the bank systems are fully converted sooner than that. The rest will vest on Jan. 15, 2022.
Bible and Starnes will each receive $3.11 million. They plan to stay on as CFO and CRO, respectively, at the combined institution. Both are still eligible for the two installments even if they decide to retire after Aug. 1, 2021, but before the second vesting date, according to the filing.
Henson will receive $4.16 million. He has agreed to stay on as COO at the new bank. And Goodrich will receive $2.58 million. She will stay with the combined bank as corporate treasurer.
Dividend payout around the first of the month was nice though, very nice, and steady, very solid, dividend, very dependable, very DRIP-able.