|Bid||50.71 x 800|
|Ask||50.72 x 1400|
|Day's Range||50.46 - 51.17|
|52 Week Range||40.68 - 53.08|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||12.57|
|Earnings Date||Oct 17, 2019|
|Forward Dividend & Yield||1.62 (3.17%)|
|1y Target Est||54.64|
Lower expenses (driven by cost saving efforts) support State Street's (STT) Q2 earnings. However, decline in revenues act as a headwind.
Loan growth, higher mortgage banking income and relatively higher rates support BB&T's (BBT) Q2 earnings. However, higher costs and a modest decline in deposits are undermining factors.
SunTrust (STI) witnesses higher revenues in the second quarter of 2019. Yet, higher expenses and rise in provisions hurt results.
NEW YORK, NY / ACCESSWIRE / July 18, 2019 / BB&T Corp. (NYSE: BBT ) will be discussing their earnings results in their 2019 Second Quarter Earnings to be held on July 18, 2019 at 8:00:00 AM Eastern Time. ...
Earnings per diluted common share were $1.09 for the second quarter of 2019, an increase of 10.1 percent compared with the same period last year. Results for the second quarter produced an annualized return on average assets of 1.55 percent and an annualized return on average common shareholders' equity of 11.98 percent. Adjusted diluted earnings per common share increased $0.07 compared to the first quarter of 2019.
Low rates, disappointing fee income performance and modest rise in expenses are likely to hamper State Street's (STT) Q2 earnings.
M&T Bank's (MTB) Q2 results might benefit from increase in refinancing activities during the quarter, partially offset by higher expenses.
Christopher D. Holt previously led BB&T;'s Maryland operations from 2016 through his retirement at the beginning of July.
The banks, which will be called Truist Bank after the merger, plans to focus on affordable housing, small business and financial wellness.
Offit Kurman eyes future expansion in the Southeast into places like Nashville, Tennessee and Atlanta.
Modest loan growth and surge in fee income are expected to drive BB&T's (BBT) Q2 earnings. However, expenses are expected to increase slightly.
Dismal trading and investment banking performance, muted loan growth and low rates are expected to affect Morgan Stanley's (MS) Q2 earnings.
Despite relatively stable fee income, a dismal lending scenario along with increase in the possibility of a rate cut is likely to hurt SunTrust's (STI) second-quarter 2019 earnings.
Banks have passed the stress test and are rewarding shareholders with billions in buybacks and dividend hikes, a sign that they are fundamentally strong enough to see earnings growth.
BB&T Corp. has been trading sideways since October with lower highs and higher lows. In this daily bar chart of BBT, below, we can see narrower high/low swings since December. Despite the reduced volume the daily On-Balance-Volume (OBV) line has risen from late December giving us a sign of more aggressive buying.
Lingering geopolitical concerns, trade jitters and muted loan growth are expected to hurt major banks' Q2 earnings. But there are a few stocks in the industry that are likely outperform their peers.