UBS Reiterates a 'Buy' on BB&T Capital (BBT); Several Positive Trends
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Price: $33.38 +0.82%
Rating Summary:
11 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
11 Buy, 16 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade BBT Now!
UBS reiterates a 'Buy' on BB&T Capital (NYSE: BBT) price target of $35.00 (from $34.00).
Analyst, Greg Ketron, said, "Q2 had a number of positive trends indicative of the broad-based growth at BBT: above average loan growth, elevated insurance and mortgage revenues, advantageous funding trends, positive underlying expense trends, and continued sharp declines in ORE expenses from a concentrated effort to reduce NPAs. Excluding a $29 million TruPS redemption benefit, NII was stable despite a 6-bp NIM decline." (FY12 EPS estimate raised from $2.70 to $2.74)
For an analyst ratings summary and ratings history on BB&T Capital click here. For more ratings news on BB&T Capital click here.
Shares of BB&T Capital closed at $32.00 yesterday, with a 52 week range of $18.92-$32.74.
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Analyst, Greg Ketron, said, "Q2 had a number of positive trends indicative of the broad-based growth at BBT: above average loan growth, elevated insurance and mortgage revenues, advantageous funding trends, positive underlying expense trends, and continued sharp declines in ORE expenses from a concentrated effort to reduce NPAs. Excluding a $29 million TruPS redemption benefit, NII was stable despite a 6-bp NIM decline." (FY12 EPS estimate raised from $2.70 to $2.74)
For an analyst ratings summary and ratings history on BB&T Capital click here. For more ratings news on BB&T Capital click here.
Shares of BB&T Capital closed at $32.00 yesterday, with a 52 week range of $18.92-$32.74.
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