BB&T Corporation (BBT) Releases Earnings Results, Beats Expectations By $0.03 EPS

BB&T Corporation (BBT) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.68. The company posted revenue of $2787.00 million in the period, compared to analysts expectations of $2748.91 million. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on BB&T Corporation. Shares were Downgraded by Robert W. Baird on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 37 from a previous price target of $40 .BB&T Corporation was Downgraded by Sandler O’Neill to ” Hold” on Jun 29, 2016. BB&T Corporation was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on May 16, 2016.

BB&T Corporation closed down -0.18 points or -0.49% at $36.44 with 51,04,243 shares getting traded on Wednesday. Post opening the session at $36.84, the shares hit an intraday low of $36.415 and an intraday high of $36.87 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 31, 2016, Jennifer S Banner (director) sold 1,545 shares at $36.26 per share price. According to the SEC, on May 26, 2016, William Rufus Yates (Sr. Executive Vice President) sold 8,500 shares at $35.55 per share price. On May 25, 2016, David Hudson Weaver (Sr. Executive Vice President) sold 4,000 shares at $35.05 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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