BB&T Corporation (BBT) Releases Earnings Results, Beats Expectations By $0.04 EPS

BB&T Corporation (BBT) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.69 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.65. The company posted revenue of $2584.00 million in the period, compared to analysts expectations of $2586.41 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on BB&T Corporation. BB&T Corporation was Downgraded by Raymond James to ” Outperform” on Apr 7, 2016. Shares were Reiterated by Barclays on Apr 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 40 from a previous price target of $41 .Deutsche Bank Resumed BB&T Corporation on Apr 5, 2016 to “Hold”, Price Target of the shares are set at $39.

BB&T Corporation opened for trading at $33.99 and hit $34.395 on the upside on Monday, eventually ending the session at $34.25, with a gain of 0.65% or 0.22 points. The heightened volatility saw the trading volume jump to 58,39,037 shares. Company has a market cap of $26,730 M.

In a different news, on Mar 23, 2016, I. Patricia Henry (director) sold 2,800 shares at $34.50 per share price. According to the SEC, on Nov 12, 2015, Cynthia A Williams (Sr. Executive Vice President) sold 3,271 shares at $38.58 per share price. On Nov 10, 2015, Donna C Goodrich (Sr. Executive Vice President) sold 7,311 shares at $39.10 per share price, according to the Form-4 filing with the securities and exchange commission.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary Branch Bank and other nonbank subsidiaries. BB&T’s operations are divided into six reportable business segments: Community Banking Residential Mortgage Banking Dealer Financial Services Specialized Lending Insurance Services and Financial Services and Other Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets including small and mid-size businesses public agencies local governments and individuals through 1839 offices as of December 31 2014. BB&T’s subsidiaries offer a range of retail and commercial services to retail and commercial clients.

BB&T Corporation

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