Two Winning Bank Stocks: U.S. Bancorp and BB&T Corp.
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As a long time holder of BBT I can attest to the quality of this banking operation. In the sub prime mania when Stafford County, Va houses appreciated 30% in one year, I stopped by a local branch to see what their home loan policy was. The loan officer said 20% down or PMI. Like all banks they have some troubled real estate(land) and construction loans, but their balance sheet can easily absorb them.
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As a long time holder of BBT I can attest to the quality of this banking operation. In the sub prime mania when Stafford County, Va houses appreciated 30% in one year, I stopped by a local branch to see what their home loan policy was. The loan officer said 20% down or PMI. Like all banks they have some troubled real estate(land) and construction loans, but their balance sheet can easily absorb them.
Nov 13 10:54 am
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