Thursday, July 18, 2013

Investopedia: BB&T In Good Shape With Credit, But Growth Is Iffy

Southeast regional bank BB&T (NYSE:BBT) definitely got the memo this quarter about the themes being higher fee income and lower credit costs. Unfortunately, BB&T also had significantly higher non-operating expenses and a little more covered loan run-off than expected, leading to pretty uninspiring operating profit performance. BB&T should be in a good position to benefit from the above-average population and economic growth expected in the southeast part of the U.S., but it's hard to call the shares a screaming bargain at today's price.

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