Market Overview

UPDATE: Morgan Stanley Downgrades BB&T Corporation to Equal-Weight on NIM Pressure

Share:
Related BBT
What Oppenheimer Learned From Banks' Earnings Season
Notable Stocks Trading Ex-Dividend Wednesday, August 10
BB&T settles FHA mortgage claims for $83M (Seeking Alpha)

Morgan Stanley reduced its rating on BB&T Corporation (NYSE: BBT) from Overweight to Equal-weight with a reiterated $33 price target.

Morgan Stanley noted, "Higher NIM pressure vs. peers, particularly on securities re-pricing and declining benefit from accretable yield. Majority of the benefit from declining credit related costs is already in the run rate, and management is cutting expenses more slowly than peers to expand footprint in Texas and maintain competitive position."

BB&T Corporatio closed at $29.64 on Tuesday.

Latest Ratings for BBT

DateFirmActionFromTo
Sep 2016CLSAMaintainsOutperform
Jul 2016BairdDowngradesOutperformNeutral
Jun 2016Sandler O'NeilDowngradesBuyHold

View More Analyst Ratings for BBT
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (BBT)

View Comments and Join the Discussion!