Posted On: 01/22/2016 9:49:00 AM
Post# of 36
Evercore ISI's John Pancari issued a Buy today on $BBT BB&T Corp. with a target price of $38.
"Analyst John Pancari commented, "BBT reported 4Q15 EPS of $0.64. Ex merger charges, we peg core at $0.68 vs our est of $0.71 and Street $0.69. Downside was attributable to lower than expected fee income and higher tax rate, partly offset by lower than expected expenses. Bottom line: while we are reducing ests primarily due to a higher tax rate, our constructive thesis remains intact and supported by BBT's above peer returns, lower credit risk profile (evident in 4Q results), and disciplined growth strategy."
http://www.streetinsider.com/Analyst+Comments...39162.html
"Analyst John Pancari commented, "BBT reported 4Q15 EPS of $0.64. Ex merger charges, we peg core at $0.68 vs our est of $0.71 and Street $0.69. Downside was attributable to lower than expected fee income and higher tax rate, partly offset by lower than expected expenses. Bottom line: while we are reducing ests primarily due to a higher tax rate, our constructive thesis remains intact and supported by BBT's above peer returns, lower credit risk profile (evident in 4Q results), and disciplined growth strategy."
http://www.streetinsider.com/Analyst+Comments...39162.html
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