BB&T Corporation (BBT) : Traders are bullish on BB&T Corporation (BBT) as it has outperformed the S&P 500 by a wide margin of 2.1% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.17%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.13% in the last 1 week, and is up 2.49% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
BB&T Corporation is up 8.61% in the last 3-month period. Year-to-Date the stock performance stands at 2.47%. The stock has recorded a 20-day Moving Average of 2.05% and the 50-Day Moving Average is 4.99%.
BB&T Corporation (NYSE:BBT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.64 and $37.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.80, notching a gain of 0.13% for the day. The total traded volume was 2,165,640 . The stock had closed at $37.75 on the previous day.
Also, In the latest statement by the brokerage house, Baird downgrades its outlook on BB&T Corporation (NYSE:BBT). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on July 11, 2016.
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&Ts 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 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.