In a relatively short of period of time, both the operating environment and operating philosophy of BB&T (BBT)
seem to have changed in meaningful ways. Management has now gone out of
its way to make clear that its priorities lie with organic, tech
investment-driven growth versus M&A, while the regulatory
environment seems to be moving in a direction that will allow BB&T
to run a leaner, higher-yielding balance sheet.
While
not all of BB&T’s recent updates were universally positive, and my
fair value is not really changing at this time, all told I believe
BB&T is on a good path. Although I do still believe that there are a
few more deals in BB&T’s future, I can’t argue with a management
strategic that is focused on being leaner and more responsive while
exploiting the bank’s existing specialty capabilities.
Click here for more:
BB&T Committing To Tech Over M&A To Drive Growth
No comments:
Post a Comment