Rise Of A Small-Town Bank, BB&T Corporation (BBT)

Recent Articles by Ed Liston

Company News

Earnings

Barron's

Markets

Media

Economics

While other southern banks like the Bank of America (NYSE: BAC) and Wachovia (recently rescued by Wells Fargo (NYSE: WFC)) are going through apocalypse,a small bank in nearby Winston-Salem is building up a profitable business in the south.

BB&T Corporation (NYSE: BBT) has become a big player now in its own right, with assets of $165 billion and a stock-market capitalization of $17 billion.

Assuming that its revenue continues to rise and loan defaults decrease in numbers, its shares could rise at least 30%, into the low-30s, from Thursday's 24.68.

BB&T "is going to be a leader coming out of this cycle," says Lisa Welch, portfolio manager of the John Hancock Regional Bank Fund (NASDAQ: FRBAX), which owns shares.


There are 0 comments
Please note that comments may take up to one hour before they get published on the site. Please check back later to see your comments.

Post new comment

The content of this field is kept private and will not be shown publicly.