Seeking Alpha: Weak Core Results At BB&T Driven By Expenses

For a bank often lauded for its conservative, margin/profit-focused management, a meaningful expense miss was not how most investors expected BB&T (NYSE:BBT) might miss the quarter. But miss BB&T did, and although loan growth was okay and credit quality remains good, BB&T may have to work a little harder to rebuild the positive sentiment that had built around the stock. The shares remain undervalued on the basis of 12%-plus ROEs in 2018 and look like one of the better bargains in the larger bank group, but that bargain valuation comes at the cost of added uncertainty.

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Weak Core Results At BB&T Driven By Expenses