All Posts Tagged With: "BBT"

(BBT) BB&T’s Capital Plan Rejected by Federal Reserve

In a shocking development, the Federal Reserve has rejected the capital plan of BB&T Corporation (BBT) in spite of the latter’s Stress Test clearance. Neither the company nor the Fed has clearly disclosed the reasons for the...

2Apr2013 | | Comments Off | Continued

(WFC) Federal Reserve Approves 2013 Bank Stress Tests

After the release of the Dodd-Frank Act supervisory stress test 2013 (DFAST 2013) results last week, the Federal Reserve came up with the approval of capital plans of 14 financial institutions out of 18 in the Comprehensive Capital Analysis and Review (CCAR). Two banks have received approval subject...

18Mar2013 | | Comments Off | Continued

(ADM) Archer Daniels Midland Boosts Dividend

Archer Daniels Midland Company (ADM) has increased its quarterly dividend by 8.6% to 19 cents per share from its earlier payout of 17.5 cents per share. As a result of this revision, the company’s annualized dividend stands at 76...

22Feb2013 | | Comments Off | Continued

(LTD) Limited Brands Hikes Dividend

Limited Brands Inc. (LTD) is an interesting option for investors seeking both growth and income. This specialty retailer of women’s intimate and other apparels yesterday announced its decision of a dividend hike, following which...

21Feb2013 | | Comments Off | Continued

(BBT) BB&T Reiterated at Neutral

We are maintaining our ‘Neutral’ recommendation on BB&T Corporation (BBT) based on its sound organic growth strategy and stable net interest margin (NIM). However, elevated operating expenses, significant exposure to perilous...

31Dec2012 | | Comments Off | Continued

(WBS) Webster Financial’s Ratings Affirmed by Fitch

Fitch Ratings has reiterated its credit ratings and outlook on Webster Financial Corp. (WBS). The rating agency affirmed the company’s long term Issuer Default Ratings (IDR) at ‘BBB’ and short term...

29Nov2012 | | Comments Off | Continued

(BK) The Bank of New York Mellon to Redeem $550M Trust Preferred Securities

The Bank of New York Mellon Corporation (BK) – also known as BNY Mellon – has announced that it will redeem trust preferred securities (TruPS) worth $550.0 million. The redemption will include 6.875% Trust Preferred Securities,...

28Nov2012 | | Comments Off | Continued

(BBT) Fitch Affirms Ratings of 14 U.S. Banks

Fitch Ratings has affirmed its Issuer Default Ratings (IDRs) on 14 large regional banks. This follows a thorough review of the peer group. The banks include BB&T Corporation (BBT), Capital One Finance Corp.(...

5Nov2012 | | Comments Off | Continued

(RF) Regions Financial Corporation to Redeem $345M Trust Preferred Securities

Regions Financial Corporation (RF) jumped on the bandwagon of trust preferred securities (TruPS) redemption. On Thursday, the company announced that it will redeem TruPS worth $345 million, including the 8.875% securities issued by...

4Nov2012 | | Comments Off | Continued

(JPM) Bank Failures: 43 So Far in 2012

After a week’s respite from bank failures, the Illinois Department of Financial and Professional Regulation – Division of Banking – shuttered Crete, Illinois-based First United Bank last Friday. This takes the number of failed U.S. banks thus far in 2012 to 43, following 92 in 2011, 157 in 2010,...

9Oct2012 | | Comments Off | Continued

(BAC) Bank of America to Redeem $5.1 Billion Trust-preferred Securities

Bank of America Corporation (BAC) has announced redemption of nearly $5.1 billion worth of trust-preferred securities (TruPS). The efforts to trim the company’s long-term debt stems from the new rules set by the Basel III norms,...

5Oct2012 | | Comments Off | Continued

(BBT) FDIC Files Lawsuit Related to Mortgage-Backed Securities

The Federal Deposit Insurance Corp. (FDIC) has filed a lawsuit against major banks over the alleged sale of $388 million of risky mortgage-backed securities (MBS) to the failed Colonial Bank. Apart from attorney fees and court expenses, the FDIC is seeking $189 million in damages. Colonial...

14Aug2012 | | Comments Off | Continued

(BBT) BB&T Shares Downgraded to Neutral

We lowered our recommendation on BB&T Corporation (BBT) to Neutral from Outperform despite the fact that it reported better-than-expected first quarter results. The recommendation was downgraded owing to the company’s ever-increasing...

10Aug2012 | | Comments Off | Continued

(HBC) The Moody’s Downgrade: Hurt Some Banks – Helps Others

What’s the premise behind this whole downgrading business? “Hindsight is 20/20.” “Fool me once, shame on you. Fool me twice, shame on me.” We’ve all heard these adages before – and so has Moody’s. Let’s go back to the mid-2000s… There...

9Aug2012 | | 0 comments | Continued

(HBAN) Huntington Bancshares to Redeem $114M Trust Preferred Securities

Huntington Bancshares Incorporated (HBAN) has jumped on the bandwagon of trust preferred securities (TruPS) redemption. On Monday, the company announced that it will redeem TruPS worth $114 million, including the 6.65% securities...

9Aug2012 | | Comments Off | Continued

(FITB) Fifth Third Bancorp to Redeem $575M TruPS

Earlier this week, Fifth Third Bancorp (FITB) joined the bandwagon of major financial institutions and announced the redemption of trust preferred securities (TruPS) worth $575 million. These include the redemption of 7.25% TruPS...

6Aug2012 | | Comments Off | Continued

(BAC) Bank of America to Buy Back $3.9B Trust Preferred Securities

On Friday, Bank of America Corporation (BAC) jumped on the bandwagon of redeeming trust preferred securities (TruPS) and announced the redemption of $3.9 billion in TruPS. Over the last couple of weeks, banks have been redeeming TruPS...

25Jun2012 | | Comments Off | Continued

(BBT) BB&T-BankAtlantic Deal Opposed Again

BB&T Corporation‘s (BBT) deal to acquire BankAtlantic, a wholly owned subsidiary of BankAtlantic Bancorp Inc. (BBX) has been floored again with fresh charges...

26Apr2012 | | Comments Off | Continued

(BBT) BB&T Beats Estimates – Higher Revenues

BB&T Corp.’s (BBT) first-quarter 2012 earnings of 61 cents per share beat the Zacks Consensus Estimate by 4 cents. In addition, the reported earnings significantly outpaced the prior-year quarter’s earnings of 32 cents. Better-than-expected...

19Apr2012 | | Comments Off | Continued

(HBAN) Michigan Bank Fails – 2012 Tally Hits 16

Last Friday, the Michigan Office of Financial and Insurance Regulation shuttered Dearborn-based Fidelity Bank, taking the number of failed U.S. banks thus far in 2012 to 16. This follows 92 bank failures in 2011, 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of a few large banks...

4Apr2012 | | Comments Off | Continued

(JPM) U.S. Banks in 2012: Share Buybacks and High Dividends

These five U.S. banks are not only financially fit… they’re on track for share buybacks and high dividends in 2012. In January, bank regulators voted to release a proposal for how banks with more than $10 billion in assets should conduct stress tests annually. The purpose of...

23Mar2012 | | 0 comments | Continued

(AXP) American Express Announces $5 Billion Share Buyback

Basking after an impressive quarter, American Express Co. (AXP) (AmEx) announced its intention of buying back shares worth $5 billion within two years, besides initiating about an 11% hike in its regular dividend to 20 cents from the...

14Mar2012 | | Comments Off | Continued

(JPM) Steady Drop in Problem Bank List

Is the banking industry gradually coming out of the woods? Would it be right to say that there has been no improvement? The steady decline in Federal Deposit Insurance Corporation’s (FDIC) list of problem banks is a strong positive signal for the industry and the country as a whole. The number...

6Mar2012 | | Comments Off | Continued

(JPM) Twin Bank Failures – U.S. 2012 Tally Hits Nine

After a week’s let-up, U.S. regulators were back in action last Friday, shuttering two more banks in Illinois and Indiana. This brings the total number of bank failures to 9 so far in 2012, following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of a few large...

15Feb2012 | | 0 comments | Continued

(USB) U.S. Bank Failures Hit 7 So Far in 2012

Last Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Florida, Tennessee and Minnesota. This brings the total number of bank failures to 7 so far in 2012, following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of a few large...

3Feb2012 | | 0 comments | Continued

(USB) U.S. Bancorp Acquires BankEast

U.S. Bancorp (USB) is focused on expanding its business through acquisitions. The company’s lead bank, U.S. Bank National Association, acquired the banking operations of BankEast, a subsidiary of BankEast Corporation,...

3Feb2012 | | 0 comments | Continued

(JPM) 2012 U.S. Bank Failures Number Three

After a month’s pause, U.S. regulators were back in action, shuttering three small banks in Georgia, Florida and Pennsylvania last Friday. These 3 represent the first bank failures of 2012 following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008. While the financials of a few large banks...

24Jan2012 | | 0 comments | Continued

(GS) Banking on a Turnaround? – Investment Ideas

Can we really have a rally without the financials? Earnings have been mixed for the financials. Let’s take a deeper look at the players in each segment and see if we can’t come to a consensus as to whether or not a rally can be supported. The Zacks Rank for most of these banks is a #3 Rank...

21Jan2012 | | 0 comments | Continued

(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...

21Jan2012 | | 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 units of European banks. Some...

7Dec2011 | | 0 comments | Continued