BB&T Corporation (BBT) is Downgraded by Raymond James to Mkt Perform

BB&T Corporation (BBT) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on May 9, 2016.

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.

On the company’s financial health, BB&T Corporation reported $0.68 EPS for the quarter, missing the analyst consensus estimate by $ -0.04 based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus of $0.72. The company had revenue of $2557.00 million for the quarter, compared to analysts expectations of $2587.51 million. The company’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

BB&T Corporation opened for trading at $33.73 and hit $34.06 on the upside on Friday, eventually ending the session at $34.02, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 26,82,136 shares. Company has a market cap of $26,617 M.

In a different news, on May 6, 2016, Donna C Goodrich (Sr. Executive Vice President) sold 15,100 shares at $34.16 per share price. According to the SEC, on May 2, 2016, K. David Jr. Boyer (director) sold 2,500 shares at $35.73 per share price. On Mar 23, 2016, I. Patricia Henry (director) sold 2,800 shares at $34.50 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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