Banks took many different approaches during the crunch that followed the housing bubble; some buried their heads in the sand, some dealt with problems as they appeared, and a few swallowed hard and aggressively wrote off bad debt. BB&T (BBT) fits into the later group and though the decision to write down and sell off bad loans depressed performance for a while (and seemed to confuse or aggravate analysts), the company is seeing the benefits in a healthier balance sheet and more profitable business structure.
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BB&T Took Its Medicine And Is Getting Better
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