To its credit, BB&T (NYSE:BBT)
continues to do what it needs to do. The company's management is
looking to deploy capital that it can't use in its lending operations,
and M&A is likely to remain a centerpiece of that strategy.
Management is also remaining focused on reducing operating expenses - a
key item on the to-do list for a company that otherwise generates a lot
of positives from its asset base. Neither the recent Investor Day nor
the acquisition of Bank of Kentucky (NASDAQ:BKYF)
really change the long-term value to a significant extent, but they're
positive incremental developments for a company/stock that remains
undervalued.
Read more here:
BB&T Buys Again And Restates Its Case
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