BB&T Corporation (BBT) - NYSE
  • Thu, Jul. 21, 5:46 AM
    • BB&T (NYSE:BBT): Q2 EPS of $0.71 beats by $0.05.
    • Revenue of $2.78B (+17.3% Y/Y) beats by $50M.
    • Press Release
    | Thu, Jul. 21, 5:46 AM
  • Wed, Jul. 20, 5:30 PM
    | Wed, Jul. 20, 5:30 PM | 13 Comments
  • Wed, Jun. 29, 11:34 PM
    • The Fed has no objection to BB&T (NYSE:BBT) capital plan to hike its quarterly dividend by $0.02/share to $0.30/share as well as buyback of $640M beginning in 3Q16.
    • The plan also approved capital use for National Penn Bancshares (NASDAQ:NPBC) and Swett & Crawford acquisitions.
    | Wed, Jun. 29, 11:34 PM
  • Fri, Jun. 24, 11:58 AM
    • The Too Big To Fail lenders are naturally among the day's big losers following the U.K. vote to leave the EU, but losses in the financial sector are wide and deep as - among other things - interest rates look to be a lot lower for a lot longer.
    • Among asset managers, Invesco (IVZ -10.8%) - with a sizable U.K. exposure - is faring about the worst. WisdomTree (WETF -7.8%) takes a hit as the yen is the solo currency surging against the dollar, reducing demand for its popular hedged Japan ETF.
    • It's wait till next year (or even 2018 if you believe short-term rate futures markets) for rate hikes, meaning regional lenders can't celebrate their passing of the Fed stress tests last night. Regions (RF -7.8%), KeyCorp (KEY -6.4%), PNC Financial (PNC -5.5%), U.S. Bancorp (USB -4.2%), BB&T (BBT -5.1%).
    • Even lower rates put even more pressure on the business models of the life insurers: MetLife (MET -8.8%), Prudential (PRU -7.7%), Lincoln National (LNC -9.9%), Voya (VOYA -7%). Online brokers too: E*Trade (ETFC -9.4%), Schwab (SCHW -9.5%).
    • ETFs: KRE, KBE, IAT, KBWB, QABA, KBWR, KRU, KRS, WDRW, DPST
    | Fri, Jun. 24, 11:58 AM | 12 Comments
  • Thu, Jun. 23, 4:51 PM
    • Ally Financial (NYSE:ALLY): Actual end of 2015 CET1 ratio of 9.2%, Q1 2018 CET1 ratio under severely adverse scenario of 6.1%, minimum 6.1%.
    • American Express (NYSE:AXP): Actual 12.4%, Q1 2018 12.3%, minimum 11.4%.
    • Bank of America (NYSE:BAC): Actual 11.6%, Q1 2018 8.1%, minimum 8.1%.
    • BNY Mellon (NYSE:BK): Actual 11.5%, Q1 2018 11.2%; minimum 10.5%.
    • BB&T (NYSE:BBT): 10.3%, 6.9%, 6.9%
    • BBVA Compass (NYSE:BBVA): 10.7%, 6.5%, 6.5%.
    • BMO Financial (NYSE:BMO): 11.9%, 5.9%, 5.9%.
    • Capital One (NYSE:COF): 11.1%, 8.2%, 8.2%.
    • Citigroup (NYSE:C): 15.3%, 9.2%, 9.2%.
    • Citizens Financial (NYSE:CFG): 11.7%, 8.8%, 8.8%.
    • Comerica (NYSE:CMA): 10.5%, 8.3%, 8.3%.
    • Discover (NYSE:DFS): 13.9%, 12.4%, 11.9%.
    • Fifth Third (NASDAQ:FITB): 9.8%, 6.8%, 6.8%.
    • Goldman Sachs (NYSE:GS): 13.6%, 10.2%, 8.4%.
    • HSBC N.A. (NYSE:HSBC): 15.7%, 9.1%, 9.1%.
    • Huntington Bancshares (NASDAQ:HBAN): 9.8%, 5%, 5%.
    • JPMorgan (NYSE:JPM): 12%, 8.3%, 8.3%.
    • KeyCorp (NYSE:KEY): 10.9%, 6.4%, 6.4%.
    • M&T (NYSE:MTB): 11.1%, 6.9%, 6.9%.
    • Morgan Stanley (NYSE:MS): 16.4%, 10%, 9.1%.
    • Northern Trust (NASDAQ:NTRS): 10.8%, 9.6%, 9.6%.
    • PNC Financial (NYSE:PNC): 10.6%, 7.6%, 7.6%.
    • Regions (NYSE:RF): 10.9%, 7.3%, 7.3%.
    • Santander Holdings (NYSE:SAN): 12%, 11.8%, 11.8%
    • State Street (NYSE:STT): 13%, 9.6%, 9.6%
    • SunTrust (NYSE:STI): 10%, 7.5%, 7.5%.
    • TD Group (NYSE:TD): 13.1%, 8.4%, 8.4%.
    • U.S. Bancorp (NYSE:USB): 9.6%, 7.5%, 7.5%.
    • Wells Fargo (NYSE:WFC): 11.1%, 7.2%, 7.2%.
    • Zions (NASDAQ:ZION): 12.2%, 6.6%, 6.6%.
    • Previously: All 33 banks pass this year's stress tests (June 23)
    | Thu, Jun. 23, 4:51 PM | 59 Comments
  • Wed, Jun. 22, 8:17 AM
    • CarMax's weak Q1 and management comments suggest continued pressure on used car prices, and thus pressure on both the top and bottom lines for banks most exposed to the auto sector, says analyst Kevin Barker. Names in particular: Huntington Bancshares (NASDAQ:HBAN), Wells Fargo (NYSE:WFC), and BB&T (NYSE:BBT).
    | Wed, Jun. 22, 8:17 AM | 6 Comments
  • Wed, Jun. 15, 3:17 PM
    • Having already shed value in June as expectations for rate hikes evaporated, the financial sector (XLF +0.7%) is showing relative strength following the FOMC's standing pat and dialing back expectations for the future level of the Fed Funds rate.
    • The S&P 500 is higher by just half the amount of the financials.
    • Within financials, the banks (KBE +1.1%), (KRE +1.1%) are particularly strong, led by Bank of America (BAC +1.5%), Morgan Stanley (MS +1.3%), Citigroup (C +1%), BB&T (BBT +1.2%), Fifth Third (FITB +2.2%), SunTrust (STI +1.4%), Zion (ZION +1.3%).
    | Wed, Jun. 15, 3:17 PM | 10 Comments
  • Fri, Jun. 3, 9:47 AM
    • At the moment, it's looking like "wait till next year," for the higher interest rates much of the yield-starved financial sector has been waiting for. This morning's disappointing jobs numbers has traders quickly reversing bets on a rate hike this summer.
    • Meanwhile, the 10-year Treasury yield has crumbled to a two-month low of 1.70%.
    • The XLF is down 1.9%, leading the S&P 500's 0.5% decline. The SPDR KBW Bank ETF (KBE -3.5%), the SPDR Regional Banking ETF (KRE -3.4%).
    • Among the Too Big To Fail names, Bank of America (BAC -4.7%) and Citigroup (C -4.8%) are hardest hit. In regionals, Regions Financial (RF -4.4%), KeyCorp (KEY -4%), BB&T (BBT -3.3%), Fifth Third (FITB -4.4%).
    • State Street (STT -3.5%), Northern Trust (NTRS -3.8%), Schwab (SCHW -5.4%), E*Trade (ETFC -5.8%), Ameritrade (AMTD -5.5%), MetLife (MET -3.6%), Prudential (PRU -3.2%), Lincoln Financial (LNC -4.1%)
    • ETFs: XLF, FAS, FAZ, KRE, UYG, VFH, KBE, IYF, BTO, IAT, IYG, FNCL, SEF, FXO, KBWB, QABA, KBWR, RYF, FINU, KRU, RWW, XLFS, FINZ, KRS, JHMF, WDRW, FAZZ, DPST, FNCF
    | Fri, Jun. 3, 9:47 AM | 140 Comments
  • Thu, May 26, 3:15 PM
    • All banks in the team's coverage universe have plenty of room for capital return, says analyst John McDonald, expecting some to have sufficient cushions to be able to move payout ratios (dividends and buybacks) to close to 100% of earnings.
    • Those most likely to have solid increases in payouts are Bank of America (NYSE:BAC), BB&T (NYSE:BBT), PNC FInancial (NYSE:PNC), and Citigroup (NYSE:C). Those with the least cushion are U.S. Bancorp (NYSE:USB), JPMorgan (NYSE:JPM), and Regions Financial (NYSE:RF).
    | Thu, May 26, 3:15 PM | 47 Comments
  • Mon, May 16, 9:59 AM
    • BB&T (BBT +0.8%) is boosted to Buy from Neutral at SunTrust, and Fifth Third Bancorp (FITB +0.6%) to Outperform from Market Perform.
    • BB&T is lower by 11.4% YTD and Fifth Third by 13.8%. The KBW Regional Banking Index is down just 7.6%.
    • On a year-over-year basis, both BBT and FITB are underperforming the regional bank index's 7% decline by more than 600 basis points.
    | Mon, May 16, 9:59 AM | 1 Comment
  • Wed, Apr. 27, 12:05 PM
    • BB&T (BBT -0.5%) says Cynthia Williams, chief corporate communications officer, is retiring at the end of next month after 13 years with the company.
    • Williams led brand and ad strategy along with all internal/external communications. The role incorporated corporate communications and social media, and overseeing community development.
    • The company hasn't named a successor.
    • Now read BB&T Is A Fine Bond Replacement But Not Much Else »
    | Wed, Apr. 27, 12:05 PM
  • Tue, Apr. 26, 3:02 PM
    • BB&T (NYSE:BBT) declares $0.28/share quarterly dividend, 3.7% increase from prior dividend of $0.27.
    • Forward yield 3.1%
    • Payable June 1; for shareholders of record May 13; ex-div May 11.
    | Tue, Apr. 26, 3:02 PM | 1 Comment
  • Fri, Apr. 22, 10:11 AM
    • Deutsche Bank upgrades BB&T (BBT +1.7%) to Buy from Hold, while downgrading M&T (MTB +1%) to Hold from Buy.
    • Both lenders reported earnings beats this week, and both have been busy on the acquisition front.
    • It could be a value play as a check of the scoreboard shows MTB as roughly flat over the last year - outperforming BBT by about 700 basis points.
    • Now read: BB&T (BBT) Kelly S. King on Q1 2016 Results - Earnings Call Transcript (April 21)
    | Fri, Apr. 22, 10:11 AM
  • Thu, Apr. 21, 5:53 AM
    • BB&T (NYSE:BBT): Q1 EPS of $0.69 beats by $0.05.
    • Revenue of $2.58B (+10.3% Y/Y) in-line.
    • Press Release
    | Thu, Apr. 21, 5:53 AM | 1 Comment
  • Wed, Apr. 20, 5:30 PM
    | Wed, Apr. 20, 5:30 PM | 13 Comments
  • Thu, Apr. 7, 10:15 AM
    • Things  haven't worked out well on a Strong Buy call for BB&T (BBT -1%), which is lower by more than 15% since RayJay made it in early December. It's downgraded today to Outperform.
    • Carolina Financial (CARO -1.7%) has performed a little better, but it too is cut to Outperform.
    • Now read: BB&T Corporation: Maintaining Neutral Stance
    | Thu, Apr. 7, 10:15 AM | 1 Comment
Company Description
BB&T Corp. operates as a holding company for Branch Banking & Trust Co. It conducts its business operations primarily through its commercial bank subsidiary, Branch Bank, and other non-bank subsidiaries. The company operates through six segments: Community Banking, Residential Mortgage Banking,... More
Sector: Financial
Industry: Regional - Mid-Atlantic Banks
Country: United States