BB&T Corp (BBT)
18 Dec 2014
|Market Cap (Mil.):||$27,025.60|
|Shares Outstanding (Mil.):||720.30|
NEW YORK, Nov 20 - U.S. banks are taking on "incredible" risk in corporate and commercial lending, offering interest rates and terms that do not reflect potential losses, BB&T Corp Chairman and Chief Executive Kelly King said on Thursday.
- BB&T Corp agreed to buy Pennsylvania-based Susquehanna Bancshares Inc on Wednesday for $2.5 billion in cash and stock and said it was eyeing further expansion to new markets between Texas and Alabama.
* BB&T expects annual savings of $160 mln (Adds comments from BB&T CEO, updates share prices)
(The following statement was released by the rating agency) CHICAGO, November 12 (Fitch) BB&T Corporation (BBT) recently announced its intention to acquire Susquehanna Bancshares, Inc. (SUSQ) and its primary subsidiary Susquehanna Bank which at third quarter 2014 (3Q'14) had approximately $18.6 billion in assets, according to Fitch Ratings. On a pro forma basis, this acquisition represents less than 10% of assets, and a projected 50 basis point (bps) to 60bps impact to Common Equity Tier 1,
Nov 12 - BB&T Corp said it would acquire Susquehanna Bancshares Inc in a cash-and-stock deal valued at about $2.5 billion.
- A South Carolina judge has ordered BB&T Corp to pay $17 million to a former financial adviser for mismanaging the man's retirement nestegg, a ruling that more than doubles a jury's June award, according to court documents.
Nov 11 - A South Carolina judge has ordered BB&T Corp to pay $17 million to a former financial adviser for mismanaging the man's retirement nestegg, a ruling that more than doubles a jury's June award, according to court documents.
(The following statement was released by the rating agency) CHICAGO, October 07 (Fitch) Fitch Ratings has affirmed BB&T Corporation's (BBT) Issuer-Default Ratings (IDRs) at 'A+/F1'. The Rating Outlook remains Stable. The affirmation reflects BBT's conservative risk appetite, strong management team, and improving financial profile. The rating action follows a periodic review of the large regional banking group, which includes BB&T Corporation (BBT), Capital One Financial Corporation (COF),
- Citigroup Inc agreed to sell another 41 branches in Texas to BB&T Corp as the third-largest U.S. bank cuts back on brick-and-mortar outlets and focuses on online banking.
(Adds comments from BB&T CEO, additional information on Citigroup's strategy; updates share prices)
|U.S. Bancorp (USB.N)||$45.34||+1.42|
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|PNC Financial Services Group Inc (PNCFP.PK)||--||--|
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|Fifth Third Bancorp (FITB.OQ)||$20.09||+0.49|
|Regions Financial Corp (RF.N)||$10.44||+0.22|
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Earnings vs. Estimates
Analyst Research Reports
Provider: Thomson Reuters Stock Report
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Trading Report for (BBT). A detailed report, including free correlated market analysis, and updates.
Provider: Stock Traders Daily
Provider: New Constructs, LLC
"The Economy Matters" Report for BBT: the economy's impact on BBT's price and risk, featuring the powerful Economic Climate Rating and the new MacroRisk "Stoplight" and Risk Correspondence Score
Provider: MacroRisk Analytics/EconomicInvestor
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