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Stock Market & Financial Investment News

News Breaks
December 5, 2012
11:26 EDTBBTBB&T CEO says FY13 GAAP margin will continue to have some downward pressure
Says sees core margin "relatively stable".
News For BBT From The Last 14 Days
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February 4, 2016
06:51 EDTBBTBofA doesn't deserve to be in 'stock market doghouse,' WSJ says
Bank of America (BAC) is currently in the "stock market doghouse," but doesn't deserve to be, David Reilly of the Wall Street Journal's Ahead of the Tape says. The overall beating of U.S. bank stocks has come amid the greater market selloff, reflecting the fact that slowing growth has brought doubt on the Fed's ability to raise rates in March, Reilly says. Since a rate increase is a far-off prospect, investors have little reason to own bank stocks, though Bank of America's valuation assumes "too dire an outcome," the report says. Banks with international outreach, such as Citi (C), are still arguably further behind in post-crisis cleanup, but Bank of America is more focused on the domestic U.S. economy and prices a U.S. recession as a given, not a possibility, the report says. Other large U.S. banks include Wells Fargo (WFC), JPMorgan (JPM), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB), BB&T (BBT), PNC Financial (PNC), and SunTrust (STI). Reference Link
January 31, 2016
12:33 EDTBBTU.S. banks could return 20% or more, Barron's says
The banking sector looks like "one of the best bargains in the market," Barron's contends in a cover story. Names such as Citi (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), BB&T (BBT), PNC Financial (PNC), SunTrust (STI) and U.S. Bancorp (USB) are showing healthy balance sheets and could offer "at least" 20% upside, the publication argues, adding that the industry's exposure to the energy sector "looks manageable" given information offered in recent earnings reports and conference calls. Reference Link
January 25, 2016
09:37 EDTBBTBB&T upgraded to Buy from Neutral at Hilliard Lyons
January 22, 2016
09:03 EDTBBTSheffield Financial and Polaris Sales extend retail financing contract
Sheffield Financial, a division of Branch Banking and Trust Company, and Polaris Sales, a subsidiary of Polaris Industries (PII), have agreed to a five-year extension of their retail financing contract, effective January 1. The agreement allows Sheffield to continue providing lending services to Polaris customers through the Polaris dealer network. The contract covers installment financing for Polaris' all-terrain vehicles, Polaris RANGER and RZR side-by-side vehicles; snowmobiles; Victory, Indian Motorcycle, and Slingshot roadsters; and Global Electric Motorcars on-road electric/hybrid powered vehicles. Sheffield Financial is a division of Branch Banking and Trust Company, which is a subsidiary of BB&T (BBT).

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