Bank Stock Roundup: Q1 Earnings in Full Swing; SunTrust, Comerica in Focus - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 24, 10:14AM CDT
Over the last five trading days, earnings releases continued to dominate headlines for the banking industry.
CFR: 70.09 (-0.96), FITB: 19.54 (-0.16), RF: 9.58 (-0.04), BBT: 37.78 (-0.08), STI: 40.47 (-0.44), BAC: 15.64 (-0.05), WFC: 54.70 (-0.16), HCBK: 9.39 (-0.02), CMA: 45.68 (-0.49)
Higher Trading Income Aids State Street's Q1 Earnings Beat - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 24, 9:50AM CDT
Rise in foreign exchange revenues drove State Street's first-quarter 2015 operating earnings of $1.17 per share, which outpaced the Zacks Consensus Estimate of $1.05.
STT: 76.36 (-1.83), BBT: 37.78 (-0.08), STI: 40.47 (-0.44), KEY: 14.23 (-0.11)
BankUnited (BKU) Posts In-Line Q1 Earnings, Expenses Up - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Apr 24, 8:24AM CDT
BankUnited's (BKU) first-quarter 2015 earnings per share of 44 cents came in line with the Zacks Consensus Estimate.
BBT: 37.78 (-0.08), KEY: 14.23 (-0.11), BKU: 33.10 (-0.29), BK: 42.07 (-0.51)
Downgrade Alert for BB&T (BBT)
Comtex SmarTrend(R) - Fri Apr 24, 8:10AM CDT
BB&T (NYSE:BBT) was downgraded from Buy to Neutral at Compass Point today. The stock closed yesterday at $37.86 on volume of 6.5 million shares, above average daily volume of 3.7 million. BB&T Corporation operates banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia, Kentucky, Alabama, Indiana, Washington D.C., Florida and Tennessee. The Company and its subsidiaries offer full-service commercial and retail banking, as well as insurance, retail brokerage, corporate finance, international banking, leasing, and trust services.
BBT: 37.78 (-0.08)
Compass Point pulls BB&T buy recommendation
Seeking Alpha - at Seeking Alpha - Fri Apr 24, 7:09AM CDT
BBT: 37.78 (-0.08)
BB&T's (BBT) CEO Kelly King on Q1 2015 Results - Earnings Call Transcript
SA Transcripts - at Seeking Alpha - Thu Apr 23, 10:47PM CDT
BBT: 37.78 (-0.08)
BB&T: Downgrades Likely After A Disappointing Q1
Dallas Salazar - at Seeking Alpha - Thu Apr 23, 5:15PM CDT
BBT: 37.78 (-0.08)
Watch for BB&T to Potentially Rebound After Falling 2.60% Yesterday
Comtex SmarTrend(R) - Thu Apr 23, 4:21PM CDT
BB&T (NYSE:BBT) traded in a range yesterday that spanned from a low of $37.83 to a high of $38.58. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $38.35 on volume of 6.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BBT: 37.78 (-0.08)
After Yesterday's Decline of 2.60%, BB&T Offers Investors Better Value
Comtex SmarTrend(R) - Thu Apr 23, 4:21PM CDT
BB&T (NYSE:BBT) traded in a range yesterday that spanned from a low of $37.83 to a high of $38.58. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $38.35 on volume of 6.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
BBT: 37.78 (-0.08)
BB&T Corporation (BBT) Earnings Report: Q1 2015 Conference Call Transcript
at The Street - Thu Apr 23, 1:05PM CDT
The following BB&T Corporation (BBT) conference call took place on April 23, 2015, 08:00 AM ET. This is a transcript of that earnings call:
BBT: 37.78 (-0.08)
BB&T Q1 Earnings Miss on Higher Expenses, Revenues Rise - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Apr 23, 10:30AM CDT
Higher expenses led BB&T to report first-quarter 2015 adjusted earnings per share of 68 cents, which lagged the Zacks Consensus Estimate of 70 cents.
STT: 76.36 (-1.83), BBT: 37.78 (-0.08), STI: 40.47 (-0.44), KEY: 14.23 (-0.11)
BB&T misses as margins get squeezed
Seeking Alpha - at Seeking Alpha - Thu Apr 23, 7:19AM CDT
BBT: 37.78 (-0.08)
BB&T (BBT) Lags on Q1 Earnings, Revenues Up Y/Y - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Thu Apr 23, 6:17AM CDT
BB&T (BBT) Lags on Q1 Earnings, Revenues Up Y/Y
BBT: 37.78 (-0.08)
BB&T misses by $0.02, misses on revenue
Seeking Alpha - at Seeking Alpha - Thu Apr 23, 5:11AM CDT
BBT: 37.78 (-0.08)
BB&T reports first quarter results; Adjusted diluted EPS of $0.68 per share
PR Newswire Europe - Thu Apr 23, 4:45AM CDT
BB&T Corporation today reported quarterly earnings for the first quarter of 2015. Net income available to common shareholders was $488 million, compared to $496 million earned in the first quarter of 2014. Earnings per diluted common share totaled $0.67 for the quarter, compared to $0.68 for the first quarter of last year. Net income available to common shareholders was affected by $13 million in pre-tax merger-related charges, or $0.01 per diluted share.
BBT: 37.78 (-0.08)
Notable earnings before Thursday’s open
Seeking Alpha - at Seeking Alpha - Wed Apr 22, 4:30PM CDT
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U.S. Bancorp - Strong Performer In A Harsh Interest Rate Environment
The Value Investor - at Seeking Alpha - Tue Apr 21, 2:14PM CDT
BBT: 37.78 (-0.08), USB: 42.74 (-0.08), MTB: 119.61 (-0.58), PNC: 91.00 (-0.40), HCBK: 9.39 (-0.02)