The current chart of NYSE:BBT is technically setup for a major breakout and as earnings approach next week, the catalyst is strong. Some of the major banks report prior to BB&T next week so the break could come as soon as Monday, the downside is if they big banks earnings are below par the break could be to the downside. On the chart our bullish trade is shown with a tight stop loss, and profit taking prior to old high which will act as resistance.
Current price estimates are very close to the current price so repricing will be forced upon analysts soon.
AVERAGE ANALYSTS PRICE TARGET $54
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 12.8
SHORT INTEREST 5.2%
COMPANY PROFILE
BB&T Corp. engages in the provision of banking and trust services through its subsidiaries. It operates through the following segments: Community Banking-Retail; Community Banking-Commercial; Insurance Holdings; and Financial Services and Commercial Finance; Other, Treasury and Corporate. The Community Banking-Retail segment offers a variety of loan and deposit products, payment services, bankcard products, and other financial services. The Community Banking-Commercial segment includes commercial real estate lending, commercial and industrial lending, corporate banking, asset based-lending, dealer inventory financing, tax exempt financing, cash management and treasury services, and commercial deposit products. The Insurance Holdings segment covers property and casualty, employee benefits, and life insurance to businesses and individuals. The Financial Services and Commercial Finance segment consists of personal trust administration, estate planning, investment counseling, wealth management, asset management, corporate retirement services, capital markets and corporate banking services, corporate trust services and specialty finance products to businesses. The Other, Treasury and Corporate segment comprises of the combination of other segment that represents operating entities. The company was was founded by Alpheus Branch in 1872 and is headquartered in Winston-Salem, NC.
Current price estimates are very close to the current price so repricing will be forced upon analysts soon.
AVERAGE ANALYSTS PRICE TARGET $54
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 12.8
SHORT INTEREST 5.2%
COMPANY PROFILE
BB&T Corp. engages in the provision of banking and trust services through its subsidiaries. It operates through the following segments: Community Banking-Retail; Community Banking-Commercial; Insurance Holdings; and Financial Services and Commercial Finance; Other, Treasury and Corporate. The Community Banking-Retail segment offers a variety of loan and deposit products, payment services, bankcard products, and other financial services. The Community Banking-Commercial segment includes commercial real estate lending, commercial and industrial lending, corporate banking, asset based-lending, dealer inventory financing, tax exempt financing, cash management and treasury services, and commercial deposit products. The Insurance Holdings segment covers property and casualty, employee benefits, and life insurance to businesses and individuals. The Financial Services and Commercial Finance segment consists of personal trust administration, estate planning, investment counseling, wealth management, asset management, corporate retirement services, capital markets and corporate banking services, corporate trust services and specialty finance products to businesses. The Other, Treasury and Corporate segment comprises of the combination of other segment that represents operating entities. The company was was founded by Alpheus Branch in 1872 and is headquartered in Winston-Salem, NC.