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9/15/14Market Update (NYSE:BBT): BB&T releases results of its mid-cycle stress test (Jutia Group)

[PR Newswire] - WINSTON-SALEM, N.C., Sept. 15, 2014 /PRNewswire/ -- BB&T Corporation (NYSE: BBT) today released the results of its company-run mid-cycle stress test conducted in accordance with the Dodd-Frank Wall Street ... Read more on this. BB&T Corporation (BBT), with a current value of $27.38B, started trading this morning at $38.14. [...]

9/3/14Company Update: Citigroup Inc (NYSE:C) – Citi sells more branches in Texas to BB&T (Jutia Group)

[Reuters] - Citigroup Inc agreed to sell another 41 branches in Texas to BB&T Corp as the third-largest U.S. The disposal follows the sale of 21 branches in the state to BB&T in December. Citi also sold its retail banking and credit card business in Spain to Banco Popular in June and, according to [...]

9/3/14Market Update (NYSE:BBT): BB&T to acquire additional Texas branches from Citibank (Jutia Group)

[PR Newswire] - WINSTON-SALEM, N.C., Sept. 3, 2014 /PRNewswire/ -- BB&T Corporation (BBT) announced today the signing of an agreement to acquire 41 branches in Texas from Citibank. The acquisition includes Citibank retail branches in the Dallas, Houston, Midland and Odessa markets, including $2.3 billion in deposits and $87 million in loans. "We could [...]

8/27/14Company Update (NYSE:BBT): BB&T names Brown president of bank (Jutia Group)

[PR Newswire] - WINSTON-SALEM, N.C., Aug. 27, 2014 /PRNewswire/ -- BB&T Corporation (BBT) today named Ricky K. Brown as president, Branch Banking and Trust Company Inc. Brown succeeds Rob Greene, who had been president since the BB&T merger of equals with Southern National in 1995 and recently retired. Brown was named to BB&T's executive [...]

4/2/13(BBT) BB&T’s Capital Plan Rejected by Federal Reserve (Stock Blog Hub)

In a shocking development, the Federal Reserve has rejected the capital plan of BB&T Corporation (BBT) in spite of the latter’s Stress Test clearance. Neither the company nor the Fed has clearly disclosed the reasons for the rejection of the capital plan. BB&T had announced a 15% dividend hike in January this year, and this will [...]

12/31/12(BBT) BB&T Reiterated at Neutral (Stock Blog Hub)

We are maintaining our ‘Neutral’ recommendation on BB&T Corporation (BBT) based on its sound organic growth strategy and stable net interest margin (NIM). However, elevated operating expenses, significant exposure to perilous loans, sluggish economic recovery along with stringent regulatory landscape remain the causes of concern. BB&T is focused on its organic growth strategy, which is evident [...]

8/14/12(BBT) FDIC Files Lawsuit Related to Mortgage-Backed Securities (Stock Blog Hub)

The Federal Deposit Insurance Corp. (FDIC) has filed a lawsuit against major banks over the alleged sale of $388 million of risky mortgage-backed securities (MBS) to the failed Colonial Bank. Apart from attorney fees and court expenses, the FDIC is seeking $189 million in damages. Colonial Bank-based in Montgomery, Alabama failed in August 2009 and was [...]

8/10/12(BBT) BB&T Shares Downgraded to Neutral (Stock Blog Hub)

We lowered our recommendation on BB&T Corporation (BBT) to Neutral from Outperform despite the fact that it reported better-than-expected first quarter results. The recommendation was downgraded owing to the company’s ever-increasing operating expenses. BB&T continues to grow in both organic and inorganic front. Overall, the company’s strong liquidity position and steady improvement in capital and profitability [...]

7/5/12BB&T: Don’t Ignore This Powerhouse (Investment Underground » Page not found)

BB&T (BBT) is one of the country's largest regional banks, with about $175 billion in assets. Its long term CEO, John Allison, ushered in a period of large asset growth during his tenure, and also infused the bank with a heavy dose of tea party aligned political thinking. His most famous claim is that, in [...]

4/26/12(BBT) BB&T-BankAtlantic Deal Opposed Again (Stock Blog Hub)

BB&T Corporation's (BBT) deal to acquire BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (BBX) has been floored again with fresh charges made by J. Phillip Max, the envoy of the shareholders. As reported by Bizjournals, a complaint was filed in the Broward County Circuit Court in Florida against BankAtlantic Bancorp along with its directors, [...]

4/19/12(BBT) BB&T Beats Estimates – Higher Revenues (Stock Blog Hub)

BB&T Corp.’s (BBT) first-quarter 2012 earnings of 61 cents per share beat the Zacks Consensus Estimate by 4 cents. In addition, the reported earnings significantly outpaced the prior-year quarter’s earnings of 32 cents. Better-than-expected quarterly results benefited from higher revenue and lower provision for covered loans. The quarter also witnessed improved credit quality and enhanced capital [...]

3/13/12BB&T Acquires BankAtlantic (Benzinga)

It was revealed on Tuesday that BB&T (NYSE: BBT) amended the agreement to acquire BankAtlantic Bancorp (NYSE: BBX), the Florida-based bank subsidiary, in order to address litigation challenges. The core provisions are unchanged. According to Reuters, the modified agreement will see BB&T assume BBX's obligations relating to $285 million worth of trust preferred securities. BBX will pay the accrued interest on those securities. The tradeoff is that BBT will receive a 95% interest in a new...

1/21/12(BBT) BB&T Marginally Beats Earnings Estimates (Stock Blog Hub)

BB&T Corp.’s (BBT) fourth-quarter 2011 earnings of 55 cents per share were marginally ahead of the Zacks Consensus Estimate of 52 cents. This also compares favorably with the prior quarter earnings of 52 cents and the prior-year earnings of 30 cents. For the full year 2011, earnings came in at $1.83 per share, beating the Zacks [...]

11/28/11(BBX) BankAtlantic Bancorp Files Lawsuit Blocking Sale to BB&T Corporation (Stock Blog Hub)

A group of corporate debt investors of BankAtlantic, a wholly-owned subsidiary of BankAtlantic Bancorp Inc. (BBX), filed a lawsuit against the firm to stop it from selling its loans, deposits and branches to BB&T Corporation (BBT). These investors believe that this sale infringes the terms of their creditors’ agreement. Earlier on November 1, BB&T had announced [...]

10/17/11Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), BB&T Corporation (BBT), First Niagara F... (Robert Weinstein Trading Blog)

Fifth Third Bancorp (FITB) is anticipated to report earnings before the opening bell on October 20, 2011. Overview FITB trades an average of 17.3 million shares per day. Fifth Third Bancorp operates as a diversified financial services holding company in the United States. The company was founded in 1862 and is headquartered in Cincinnati, Ohio. 52 Week High: $15.75 52 Week [...]

10/6/11BB&T Dividends Capture With Covered Calls $BBT (Robert Weinstein Trading Blog)

I setup EDGAR online screener to find stocks paying a dividend soon. I don't want to look at all the stocks that pay a dividend so I filtered the results based on the following: Options available Dividend amount over $0.08 cents (I understand that many retail traders can not make money with an $0.08 dividend due to transaction [...]

5/5/11Ayn Rand-Worshipping Former Banker’s Got $2 Million With Your Business School’s Name On It (Wall Street Sector Selector)

All you have to do is promise to make the work of his goddess required reading and pray at her alter daily. John Allison, former chairman of bank holding company BB&T Corp, admires author Ayn Rand so much that he devised a strategy to spread her la...

4/25/11Analyst Actions: GE, BRCD, STI, BBT, LM (Stock Wizard)

General Electric (NYSE: GE): Sterne Agee upgraded its rating on the company to Buy from Neutral. Price target is $25 Brocade Communications Systems Inc (NASDAQ: BRCD): Robert W. Baird upgraded its rating on the stock to Outperform from Neutral, citing citing low investor expectations and checks that indicate improving trends in both Data Storage and Ethernet. Price target is $8. SunTrust Banks Inc (NYSE: STI): Oppenheimer & Co. upgraded the company to Perform from...

4/24/11(BBT) BB&T Earnings Report Moves a Penny Ahead of Estimates (Stock Blog Hub)

BB&T Corporation’s (BBT) first quarter 2011 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate by a penny as well as improving from the prior-year quarter’s earnings of 27 cents. BB&T’s results reflected higher net interest margin and lower non-interest expenses. The quarter witnessed improved credit quality, enhanced capital ratios and lower [...]

3/11/11Analyst Actions: ORCL, BBT, HANS, ESLR (Stock Wizard)

Oracle Corporation (NASDAQ: ORCL): BMO Capital this morning initiated coverage with an outperform rating and a price target of $42. BB&T Corp (NYSE: BBT): Janney Montgomery Scott upgraded its rating on the company to Buy from Neutral. Hansen Natural (NASDAQ:HANS): Goldman Sachs lowered its rating on the company to Neutral from Buy. Evergreen Solar (NASDAQ:ESLR): JP Morgan on Friday downgraded Evergreen Solar to Underweight from Neutral. Full Disclosure: None.

1/20/11BB&T Corp. (NYSE: BBT): Q4 Earnings Preview 2010 (Stock Wizard)

BB&T Corp. (NYSE: BBT) is scheduled to release its fourth-quarter earnings before the opening bell on Friday, January 21, 2011. Analysts, on average, expect the company to report earnings of 26 cents per share on revenue of $2.21 billion. In the year ago period, the company reported earnings of 27 cents cents per share on revenue of $2.29 billion. BB&T Corporation operates as the financial holding company for Branch Banking and Trust Company that provides banking and trust services to...

1/14/11BB&T May be a Suitor for Sterling Bancshares (Penny Stock DD)

BB&T (BBT - option chain) shares are rising today after the Wall Street Journal reported that Sterling Bancshares (SBIB) has put itself up for sale. The Journal listed BBT as one of the banks interested in acquiring Sterling. If you think that the stock won't fall by too much in the coming [...]

12/27/10(BBT) BBT Corporation’s Ratings Lowered by Moody’s (Stock Blog Hub)

On Monday, BB&T Corp.’s (BBT) senior debt and long-term deposit ratings were downgraded by Moody's Investors Service, the ratings arm of Moody's Corp. (MCO), as a result of concerns related to the company’s weaker credit profile. Moody’s cut BB&T’s long-term deposit rating to “A1” from “Aa3” and senior debt rating to “A2” from “A1”. The ratings [...]

12/2/10(BBT) BB&T Analyst Upgrades Shares to Neutral (Stock Blog Hub)

We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T’s third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate. Adjusted earnings for the reported quarter leave [...]

11/7/10(BBT) BB&T Quarterly Earnings Beat by a Nickel (Stock Blog Hub)

BB&T Corporation’s (BBT) third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate of 26 cents. Adjusted earnings for the reported quarter leave out merger-related charges of one cent per share. Considering this non-recurring item, earnings per share for the reported quarter were 30 cents compared with 23 [...]

10/27/10Benzinga's Top Upgrades (JKS, CR, CHKP, BBT) (Benzinga)

JinkoSolar Holding Co Ltd (NYSE: JKS) was upgraded by Auriga from “hold" to "buy." JKS' shares were up 3.04% to $28.85 at 9:44 AM. Shares of JinkoSolar have moved up 154.31% year-to-date. BofA/Merrill upgraded Crane Co (NYSE: CR) from “neutral” to "buy." CR's shares were up 0.68% to $38.31 at 9:36AM. Shares of Crane have moved up 26.75% so far this year. HSBC upgraded Check Point Software Technologies Ltd (NASDAQ: CHKP) from "neutral" to "overweight." CHKP's shares were up by 0.85%...

10/22/10Oppenheimer Has Perform On BB&T (BBT) (Benzinga)

Oppenheimer & Co. has a Perform rating on shares of BB&T Corporation (NYSE: BBT) going into earnings. In a note to clients, Oppenheimer writes, "One of the core reasons behind our Perform rating is the expected "lumpiness" to credit trends over the near term related to the company's accelerated asset disposition strategy. Unfortunately, the costs involved with this activity are expected to overshadow the underlying strength and growth opportunities across BB&T. While the valuation of BB&T...

10/19/10The Andersons Downgraded To Hold (Benzinga)

BB&T Capital Markets has downgraded The Andersons, Inc. (NASDAQ: ANDE) from Buy to Hold after the company's shares closed ahead of BB&T's price target yesterday. In its research report, BB&T writes "We have raised our FY'10 and FY'11 estimates to $3.06 and $3.25, respectively, from $2.96 and $3.15. We foresee some upside to our revised 2011 estimate, but do not anticipate very dramatic upside, and, thus, believe further appreciation in the shares will be somewhat limited. Indeed, we...

10/7/10Coverage Initiated On: (EFX, GME, BBT, ECOL, VRTX) (Benzinga)

RBC Capital Markets has initiated coverage on Equifax (NYSE: EFX) with an Outperform rating and a $37 PT Oppenheimer has initiated coverage on Gamestop (NYSE: GME) with a Perform rating and a $24 PT Oppenheimer has initiated coverage on BB&T Corp (NYSE: BBT) with a Perform rating Wunderlich Securities has initiated coverage on American Ecology Corp (NASDAQ: ECOL) with a Buy rating and an $18 PT Dawson James has initiated coverage on Vertex Pharma (NASDAQ: VRTX) with a Buy rating and a...

10/7/10Near-Term Uncertainty For BB&T Corporation (Benzinga)

BB&T Corporation near term uncertainty is never a good thing. Oppenheimer is initiating coverage with a Perform Rating. In a research note, Oppenheimer writes, "We are initiating coverage of BB&T with a Perform rating. One of the underlying reasons behind our current view on BB&T is the expected "lumpiness" to credit trends over the near term related to the company's accelerated asset disposition strategy. The movement of $1B of nonperforming loans to held-for-sale status should result in...

10/6/10Diamond Foods Reports Strong EPS Growth, Shares Hit Hard (Benzinga)

Diamond Foods (NASDAQ: DMND) reported Q4'10 EPS of $0.35 compared to BB&T's and the Street estimate of $0.28. Sales missed by $17M due to an overestimated contribution from Kettle and roughly $10M from the exit of low margin, non-retail business. Although $0.04 of the beat was due to lower taxes, $0.03 came from improved operating expense leverage. Management raised FY'11 EPS guidance by $0.03 to a range of $2.38-$2.48. This compares to prior-call consensus of $2.45. It also expects...

9/15/10(BBT) BB&T to Reclassify Non-performing Loans (Stock Blog Hub)

On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&T Corp.’s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter 2010. Moreover, the company will try to sell these assets to investors over the next [...]

9/14/10(BBT) BB&T Corporation – Bear of the Day (Stock Blog Hub)

We are downgrading our recommendation on BB&T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Higher non-interest expense was among the negatives in BB&T's second quarter earnings report. Current challenges related to the housing market and pressure on the credit quality raise concerns on near-term growth. BB&T has significant exposure [...]

3/11/10Today's Leading Industry (Samurai Trader)

Today's leading industry is regional banks - mid atlantic. a 95 stock group that has only 6 with a market cap over $1 B. BBT is by far the largest, at $20 B, and is up 2%, but is not among the top 4 gainers, however, SNV, the 3rd largest, is up 10%. Most of the charts in the group look as bad if not worse than these. In the relative strength by industry data, this is a very weak group, however since the middle of November it has been trending up. We may be seeing some rotation coming...

3/6/10Market Alert: Bank of America (NYSE:BAC), TiVo (NASDAQ:TIVO), Sony (NYSE:SNE), BB&T (NYSE: BBT) (Jutia Group)

The government said Thursday it will net $1.54 billion in selling the stock-purchase warrants it received from Bank of America (NYSE:BAC) in exchange for multibillion-dollar emergency loans during the financial crisis. The auction, completed Wednesday, ranks as the Treasury Department's most lucrative warrant transaction since sales began last summer. Recent estimates [...]

1/23/10(BBT) BB&T Corporation Beats Earnings Estimates (Stock Blog Hub)

BB&T Corporation (BBT) reported fourth quarter operating earnings per share of 27 cents, substantially ahead of the Zacks Consensus Estimate of 20 cents and the reported figure of 23 cents in the prior quarter. However, earnings decreased from 51 cents in the year-ago quarter. During the quarter, BB&T’s results were driven by strong mortgage banking operations, [...]

10/19/09(BBT) BB&T Corporation Reports in Line – Down Significantly Year-Over-Year (Stock Blog Hub)

BB&T Corporation’s (BBT) third quarter earnings of 23 cents per share were in line with the Zacks Consensus Estimate. However, this compares unfavorably with earnings of 65 cents in the year-ago quarter. The year-over-year decrease in earnings was due primarily to a 94.8% increase in provision for credit losses and other costs related to the credit [...]

10/2/09The return of the financial dividends (Dividend Growth Investor)

The financial crisis lead to dividend cuts amongst several prominent dividend payers such as Bank of America (BAC), US Bancorp (USB) and BB&T Corp. (BBT). Over the past few weeks however, several financial companies announced that they might reconsider their current dividend policies and start raising distributions in the near future. US Bancorp’s (USB) CEO is reviewing the company’s dividend payout, after it paid off $6.6 billion in TARP money back to the US Treasury."You will see us...

9/30/09(BBT) BB&T Overhauls Overdraft Fees (Stock Blog Hub)

Pursuant with the overdraft reforms pressed by Congress, BB&T Corporation (BBT) announced changes to its overdraft fee policies. The company announced on Sept. 28, 2009 to overhaul the overdraft fees on consumers in case the account is overdrawn by less than $5 dollars. The bank also announced that it will limit the number of overdraft fees [...]

9/25/09The return of the financial dividends (The DIV-Net)

The financial crisis lead to dividend cuts amongst several prominent dividend payers such as Bank of America (BAC), US Bancorp (USB) and BB&T Corp. (BBT). Over the past few weeks however, several financial companies announced that they might reconsider their current dividend policies and start raising distributions in the near future. US Bancorp’s (USB) CEO is reviewing the company’s dividend payout, after it paid off $6.6 billion in TARP money back to the US Treasury."You will see us...

8/26/09(BBT) Colonial BancGroup Officially Files Bankruptcy (Stock Blog Hub)

Less than two weeks after Federal Deposit Insurance Corporation (FDIC) seized Colonial BancGroup’s (CBCG) banking operations, the holding company filed for Chapter 11 bankruptcy protection yesterday. Most of Colonial’s banking assets were sold to BB&T Corp. (BBT). The shutdown of Colonial BancGroup’s banking operations is the biggest bank failure so far this year, and the sixth-largest [...]

8/21/09(GHC) Global Consumer Acquisition Corp Eyes BB&T Corp’s Branches (Stock Blog Hub)

Global Consumer Acquisition Corp. (GHC) announced yesterday that it intends to buy some or all of BB&T Corp.’s (BBT) 21 branches in Nevada. Those branches were acquired by BB&T as part of its takeover of Colonial BancGroup last Friday. Global is in discussion with BB&T about its intention. In July, Global reached an agreement with [...]

8/19/09(BBT) BB&T Sells $750 million Shares following aquisition of Colonial BancGroup (Stock Blog Hub)

BB&T Corp. (BBT) commenced a $750 million common stock offering for sale to the general public. Underwriters have a 30-day option to purchase up to an additional 15% of common stock from the company to cover over-allotments, if any. Proceeds from the sale will qualify as tangible common equity and Tier 1 regulatory capital. BB&T [...]

8/19/09(BBT) Colonial Will Not Hurt BB&T (Stock Blog Hub)

Yesterday, BB&T Corp. (BBT) said expected losses in the loan portfolio acquired from Colonial BancGroup (CBCG) of $5 billion will not have a negative impact on its earnings because of its loss-sharing agreement with the Federal Deposit Insurance Corporation (FDIC). Last Friday, BB&T took control of Colonial after it was seized by regulators. As a result, [...]

8/2/09The New York Times Profiles BB&T’s Philosopher-Businessman CEO (Top Gun Financial Planning)

Over much of the last four decades, John A. Allison IV built BB&T from a local bank in North Carolina into a regional powerhouse that has weathered the economic crisis far better than many of its troubled rivals — largely by avoiding financial gimmickry. And in his spare time, Mr. Allison travels the country making speeches about his [...]

12/22/08Dividend Stocks in the news (Dividend Growth Investor)

Last week saw even more notable dividend increases as companies from many sectors showed confidence not only in their ability to generate increasing profits, but also to share the wealth with their owners. BB&T Corporation (BBT), which is a financial holding company, announced that its Board has approved a 2.20% increase in its quarterly dividend from $0.46 to $0.47 per common share. BB&T Corporation is a dividend aristocrat which has consistently increased its dividends for 38...

12/17/08BB&T Corp. Increases Quarterly Dividend (Disciplined Approach to Investing)

BB&T Corp (BBT) announced a penny increase in the company's quarterly dividend. The new quarterly dividend increases to 47 cents per share versus 46 cents per share in the same quarter last year. It is encouraging to see the company come through with an increase, but the projected payout ratio is 74% based on 2009 estimated earnings per share of $2.52. The 2009 estimate is 12 cents lower than the 2008 EPS of $2.64. BBT carries a A- S&P Earnings & Dividend Quality...

12/10/08Bookkeeping: Closing BB&T (BBT) (Fund my Mutual Fund)

I am closing bank BB&T (BBT) for portfolio reasons; nothing specific to BB&T - we wanted exposure to one of the better run banks and compared to many peers BB&T has outperformed since we bought. With the popularity of "student body left" monolithic trading for months on end, these banks are like coal companies - no matter the specifics of each they trade together; the only difference is degree. One day I hope we end this herd trading and individual company metrics matter again...

12/8/08Bookkkeeping: Cutting some Bank Exposure (Fund my Mutual Fund)

We have very excellent technical set ups in 2 of our 3 banking stocks - Regions Financial (RF) and BB&T (BBT). Both stocks had broken down when we had that bought of reality the past few months, and now have rallied back on the hope phase to come within spitting distance of some key resistance areas. I'm going to employ strategy I use in a normal market even though we live in abnormal times; that is cut these names sharply as they bounce from below key technical support, and then if the...

11/20/08Selling BBT out of Portfolio, Adding Electronic Arts (ERTS) (Epiphany Investing)

I've been reading up on BB&T's commercial loan portfolio, and I've become nervous enough to want to eliminate this risk. Selling total position of 1000 shares (which were added @ $28.54) at $24.01, realizing a modest loss and picking up a $.47 dividend last month. ERTS Added I'm also originating a position in Electronic Arts (ERTS), which [...]


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