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Stock Market & Financial Investment News

News Breaks
November 14, 2012
11:27 EDTBBTBB&T sees Q4 average total loan growth 5%-7%
The bank said it expects average total loan growth in the 5%-7% range annualized for Q4, including BankAtlantic, contingent on the economy. Sees solid C&I growth in Q4. Sees mortgage business slowing based on prior decision not to portfolio 10 and 15 year mortgages. Comments from slides for presentation at Bank of America Merrill Lynch Banking and Financial Services conference.
News For BBT From The Last 14 Days
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May 1, 2015
08:46 EDTBBTBB&T to sell two Susquehanna branch locations to MVB Bank
BB&T (BBT), Susquehanna (SUSQ) and MVB Bank, a wholly owned subsidiary of MVB Financial, announced the signing of a definitive agreement under which MVB will acquire two Susquehanna branch locations in Berkeley County, West Virginia and will assume approximately $69M of deposits and $17M of loans. MVB's purchase includes both Susquehanna branch locations slated for divestiture under BB&T's agreement with the Department of Justice and commitments to the Board of Governors of the Federal Reserve System in connection with its pending acquisition of Susquehanna. The transaction is subject to customary closing conditions, including regulatory approvals.
April 24, 2015
10:00 EDTBBTOn The Fly: Analyst Downgrade Summary
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07:03 EDTBBTBB&T downgraded to Neutral from Buy at Compass Point
Compass Point downgraded BB&T to Neutral and lowered its price target to $39 from $41 following the disappointing Q1 report. The firm said loan growth continues to lag, and when combined with NIM pressures and expansion uncertainties into new markets, will prevent adequate book value growth vs. peers. Compass Point recommends investors stay on the sidelines until there is more clarity on the potential benefits from the Susquehanna acquisition.
April 23, 2015
13:47 EDTBBTBB&T downgraded to Underperform from Sector Perform at Portales
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05:51 EDTBBTBB&T reports Q1 adjusted EPS 68c, consensus 70c
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April 22, 2015
15:50 EDTBBTNotable companies reporting before tomorrow's open
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