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  • BB&T Corp: Stock Dividend Analysis [View article]
    As a shareholder in BBT and concerned a year and a half ago about skyrocketing home prices around here, I stopped by a local branch to find out what their mortgage lending policy was. The policy was short and sweet "20% down or mortgage insurance". Their 10Q is free of sub prime loans, but shows Fed Agency loans underwater. These are being held for investment so are not being written down. In the ensuing panic the stock was beaten down from 43 to about 18 and now trades solidly near $30. I expect BBT will be asked to pick up some of the local bank road kill in future quarters. I'm sure JPM, GS etc have BBT on their acquisition list, but they will have to pay up to get this good bank.
    Oct 15 12:14 pm |Rating: 0 0
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