Regional – Mid-Atlantic Banks
(BBT) BB&T Marginally Beats Earnings Estimates
BB&T Corp.’s (BBT) fourth-quarter 2011 earnings of 55 cents per share were marginally ahead of the Zacks Consensus Estimate of 52 cents. This also compares favorably with the prior quarter earnings of 52 cents and the prior-year earnings of 30 cents. For the full year 2011,...
21Jan2012 | vitalstocks | 0 comments | Continued(BBT) Standard & Poor’s Revises Regional Bank Ratings
In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American...
7Dec2011 | vitalstocks | 0 comments | Continued(BBT) BB&T Earnings Report Moves a Penny Ahead of Estimates
BB&T Corporation’s (BBT) first quarter 2011 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate by a penny as well as improving from the prior-year quarter’s earnings of 27 cents. BB&T’s results reflected higher net interest margin and...
24Apr2011 | vitalstocks | 0 comments | Continued(BBT) BBT Corporation’s Ratings Lowered by Moody’s
On Monday, BB&T Corp.’s (BBT) senior debt and long-term deposit ratings were downgraded by Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), as a result of concerns related to the company’s weaker credit profile. Moody’s cut BB&T’s...
27Dec2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Analyst Upgrades Shares to Neutral
We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T’s third quarter 2010 adjusted earnings came in at 31 cents,...
2Dec2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Quarterly Earnings Beat by a Nickel
BB&T Corporation’s (BBT) third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate of 26 cents. Adjusted earnings for the reported quarter leave out merger-related charges of one cent per share. Considering this non-recurring...
7Nov2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust – Bear of the Day
We have downgrading our long-term recommendation on Wilmington Trust (WL) to Underperform based on deteriorating credit quality and its exposure to risky construction loans. Wilmington’s second quarter 2010 loss was substantially higher than the Zacks Consensus Estimate. Results...
30Sep2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust – Bear of the Day
We are downgrading our long-term recommendation on Wilmington Trust (WL) to Underperform based on deteriorating credit quality and its exposure to risky construction loans. Wilmington’s second quarter 2010 loss was substantially higher than the Zacks Consensus Estimate....
23Sep2010 | vitalstocks | 0 comments | Continued(BBT) BB&T to Reclassify Non-performing Loans
On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&T Corp.’s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter...
15Sep2010 | vitalstocks | 1 comment | Continued(BBT) BB&T Corporation – Bear of the Day
We are downgrading our recommendation on BB&T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Higher non-interest expense was among the negatives in BB&T’s second quarter earnings report. Current...
14Sep2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Corporation – Bear of the Day
We are downgrading our recommendation on BB&T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Second quarter 2010 earnings were in line with the Zacks Consensus Estimate. A higher non-interest expense was among...
3Sep2010 | vitalstocks | 0 comments | Continued(BOFL) U.S. Bank Failures Hit 78 in 2010 So Far
The ongoing economic volatility has taken its toll on another set of banks last week. On Friday, five more were shuttered by U.S. regulators. Out of the five failed banks, three were based in Florida and one each in Nevada and California. This brings the total number of bank...
3Jun2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust Corporation Analysts Upgrade to Neutral
Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation on the shares of Wilmington Trust Corporation (WL) to Neutral from Underperform. Although the current economic turmoil has weakened both the revenue growth and the operating...
4Mar2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust Corporation Begins Stock Offering
In order to increase capital and enhance its liquidity, on Feb 22, 2010, Wilmington Trust Corp. (WL) announced the beginning of the public offering of its 18,875,000 shares that have been underwritten on its common stock. At $13.25 per share, the gross total stock offering is...
24Feb2010 | vitalstocks | 0 comments | Continued(SASR) Small Bank Stocks Are Hot
As always I start my quest for the next great stock by taking the new high list on Barchart and sorting for frequency. I then take the top 10 and look for something interesting. Yesterday when all the major banks were getting hit on the chin the smaller and regional banks...
9Feb2010 | Shawn | 0 comments | Continued(UCBI) United Community Banks Misses Earnings
United Community Banks Inc. (UCBI) reported fourth quarter results on Friday. The company posted a net operating loss of $39.8 million, or 45 cents per share, compared to net operating loss of $46.7 million, or 99 cents per share in the year-ago quarter. The result came in worse...
1Feb2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust Corporation Underperforms Expectations
Wilmington Trust Corporation (WL) reported a fourth quarter loss available to common shareholders of $15.7 million or 23 cents per share compared to a loss of $69.4 million or $1.02 per share in the year-ago quarter. The results lagged behind the Zacks Consensus Estimate of a...
1Feb2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Corporation Beats Earnings Estimates
BB&T Corporation (BBT) reported fourth quarter operating earnings per share of 27 cents, substantially ahead of the Zacks Consensus Estimate of 20 cents and the reported figure of 23 cents in the prior quarter. However, earnings decreased from 51 cents in the year-ago quarter. During...
23Jan2010 | vitalstocks | 0 comments | Continued(UCBI) United Community Bank’s Loss Widens
United Community Banks Inc. (UCBI) reported third-quarter results on Friday. The company posted its fifth-straight quarterly net operating loss of $43.7 million, or 93 cents per share, compared to net operating loss of $39.9 million, or 84 cents per share in the year-ago quarter....
27Oct2009 | vitalstocks | 0 comments | Continued(BBT) BB&T Corporation Reports in Line – Down Significantly Year-Over-Year
BB&T Corporation’s (BBT) third quarter earnings of 23 cents per share were in line with the Zacks Consensus Estimate. However, this compares unfavorably with earnings of 65 cents in the year-ago quarter. The year-over-year decrease in earnings was due primarily to a 94.8%...
19Oct2009 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust – Bear of the Day
Wilmington Trust’s (WL) second-quarter earnings came in ahead of the Zacks Consensus Estimate, aided by strong growth in client services business and improvement in net interest margin. However, credit quality deteriorated drastically during the reported quarter. In 2009,...
6Oct2009 | vitalstocks | 0 comments | Continued(BBT) Federally Insured Bank Failures Continue
Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to...
31Aug2009 | vitalstocks | 0 comments | Continued(BBT) Colonial BancGroup Officially Files Bankruptcy
Less than two weeks after Federal Deposit Insurance Corporation (FDIC) seized Colonial BancGroup’s (CBCG) banking operations, the holding company filed for Chapter 11 bankruptcy protection yesterday. Most of Colonial’s banking assets were sold to BB&T Corp. (BBT). The...
26Aug2009 | vitalstocks | 0 comments | Continued(BBT) BB&T Sells $750 million Shares following aquisition of Colonial BancGroup
BB&T Corp. (BBT) commenced a $750 million common stock offering for sale to the general public. Underwriters have a 30-day option to purchase up to an additional 15% of common stock from the company to cover over-allotments, if any. Proceeds from the sale will qualify as...
19Aug2009 | vitalstocks | 0 comments | Continued(BBT) Colonial Will Not Hurt BB&T
Yesterday, BB&T Corp. (BBT) said expected losses in the loan portfolio acquired from Colonial BancGroup (CBCG) of $5 billion will not have a negative impact on its earnings because of its loss-sharing agreement with the Federal Deposit Insurance Corporation (FDIC). Last Friday,...
19Aug2009 | vitalstocks | 0 comments | Continued