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UBS Reiterates a 'Buy' on BB&T Capital (BBT); Several Positive Trends

July 20, 2012 2:38 PM EDT Send to a Friend
Get Alerts BBT Hot Sheet
Price: $38.62 -0.03%

Rating Summary:
    14 Buy, 17 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 24 | New: 21
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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.

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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

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