BB&T reports second quarter results; Adjusted diluted EPS totals $0.69 per share
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Deutsche Bank Reinstates BB&T Capital (BBT) at Hold
July 20, 2015 6:47 AM EDTDeutsche Bank reinstated coverage on BB&T Capital (NYSE: BBT) with a Hold rating and a price target of $42.
Analyst Matt O'Connor said, "We are refreshing our estimates downwardmostly to reflect lower than previously expected interest rates. Our 2016e is now $3.20 (vs.... More
BB&T Corp. (BBT) Misses Q2 EPS by 7c
July 16, 2015 6:11 AM EDTBB&T Corp. (NYSE: BBT) reported Q2 EPS of $0.62, $0.07 worse than the analyst estimate of $0.69. Revenue for the quarter came in at $2.37 billion versus the consensus estimate of $2.41 billion.
Second Quarter 2015 Performance Highlights
Taxable equivalent revenues were $2.4 billion for the second quarter, up $23 million from the first quarter of 2015Net interest margin was 3.27%, down six basis points due to lower rates on new loans and runoff of loans acquired from the FDICMortgage banking income was up $20 million, an annualized increase of 72.9% that reflects higher... More