Revenue Update on BB&T Corporation(NYSE:BBT)

BB&T Corporation(NYSE:BBT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $2.79B. Analysts estimated a revenue of $0.66. Earnings per share were $0.71. Analysts had estimated an EPS of $0.66.

In a different note, On Jul 11, 2016, Baird said it Downgrades its rating on BB&T Corporation. The shares have been rated ‘Neutral’ by the firm. On Jun 29, 2016, Sandler O’Neill said it Downgrades its rating on BB&T Corporation. The shares have been rated ‘Hold’ by the firm. On May 16, 2016, SunTrust Robinson Humphrey said it Upgrades its rating on BB&T Corporation. The shares have been rated ‘Outperform’ by the firm. On May 10, 2016, Fig Partners said it Upgrades its rating on BB&T Corporation. The shares have been rated ‘Outperform’ by the firm.

BB&T Corporation (BBT) shares turned negative on Wednesdays trading session with the shares closing down -0.18 points or -0.49% at a volume of 51,04,243. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $36.87. The peak price level was also seen at $36.87 while the days lowest was $36.415. Finally the shares closed at $36.44. The 52-week high of the shares is $41.9 while the 52-week low is $29.95. According to the latest information available, the market cap of the company is $28,510 M.

Several Insider Transactions has been reported to the SEC. On May 31, 2016, Jennifer S Banner (director) sold 1,545 shares at $36.26 per share price.Also, 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.

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