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

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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, with a 52 week range of $18.92-$32.74.

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UBS, BB&T Capital Markets

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