Wednesday, January 23, 2019

BB&T Ends 2018 On A Strong Note

BB&T (BBT) has a knack for being a little out of sync with its banking peers, and that’s not always (or even often) a bad thing, as BB&T has generally been of the long-term outperformers in its peer group. In this particular case, “a little out of sync” means a little more apparent loan growth momentum heading into 2019, not to mention some potentially above-average benefits to come from tech investments and regulatory changes.

My revised numbers for BB&T support a fair value in the low-to-mid $50s, and I’m perfectly to continue holding these shares in my own account. I can’t really call them a top idea for new money, though, as PNC (PNC) and Comerica (CMA) both look cheaper, as do Wells Fargo (WFC) and Citigroup (C), though those are more troubled and controversial picks today.

Continue here:
BB&T Ends 2018 On A Strong Note

No comments: