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 5.44% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.79%, 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 3.23% in the last 1 week, and is up 8.06% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
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 $37.39 and $37.34 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.06. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.06, notching a gain of 2.95% for the day. The total traded volume was 4,946,928 . The stock had closed at $36.97 on the previous day.
The stock has recorded a 20-day Moving Average of 4.13% and the 50-Day Moving Average is 5.62%. BB&T Corporation is up 12.79% in the last 3-month period. Year-to-Date the stock performance stands at 2.36%.
BB&T Corporation (BBT) : Currently there are 16 street experts covering BB&T Corporation (BBT) stock. The most bullish and bearish price target for the stock is $47 and $34 respectively for the short term. The average price target of all the analysts comes to $39.55. The estimated standard deviation from the target is $3.55.
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.