BB&T reports Q3 earnings October 19

What's Happening With BBT View more about BBT >

Regional bank BB&T (BBT) has had a roller-coaster year, but shares are currently in an upward trend, which has pushed the stock back to near break-even, with shares down a modest 0.1% on the year. The company will report its third-quarter results before the market open on October 19, and analysts forecast earnings of $0.78 for the quarter. During the same period last year the company earned $0.76 per share.

Technical Analysis

BBT was recently trading at $46.92, down $2.96 from its 12-month high and $9.52 above its 12-month low. Technical indicators for BBT are bullish and the stock is in a weak upward trend. The stock has recent support above $44.00 and has recent resistance below $48.10. Of the 20 analysts who cover the stock, five rate it a “strong buy”, 14 rate it a “hold”, and one rates it a “sell”. DAL gets a score of 76 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

The financial sector moved sharply higher following last year’s presidential election, and while most banking stocks cooled off during the summer months, enthusiasm has once again returned to the sector. Recent gains are being fueled by hopes of tax reform, and expectations of additional rate hikes by the Federal Reserve. The Federal Reserve lifted rates once at the end of 2016, and twice in 2017. Higher rates allow banks to widen the spread on money they borrow and money they lend out to customers, with the result being higher interest income that leads to stronger profits. Analysts expect BBT to post earnings of $0.78, but the street has a slightly higher whisper number of $0.79, so that is the number the market will really need to see for shares to make a meaningful move higher.

BBT
About BB&T Corporation

Based in Winston-Salem, North Carolina, BB&T is a regional banking company with a presence primarily in the Southeastern United States. In addition to commercial and retail banking, the company operates several nonbank segments, the primary one being its insurance brokerage business.

  • Last Price:
    $48.78
  • Previous Close:
    $48.34
  • Change:
    $0.44 (0.91%)
  • Open:
    $48.51
  • Volume:
    1,596,697
  • Average Volume (100 Day):
    5,721,588
  • Market Capitalization:
    $37.4 B
  • Day's Range:
    $48.50 - $48.90
  • Dividend Yield:
    3.35%
  • 52-week Range:
    $56 - $40.68
  • P-E:
    12.30
  • EPS:
    $3.94
  • Earnings Date:
    7/18/19
  • Ex Dividend Date:
    5/14/19
  • Sector:
    Financial Services
  • Industry:
    Banks - Regional - US
  • Analyst Average Recommendation:
    Moderate Buy

Already a member?

Login to see your Stocks to Watch Trade Ideas.

Not yet a member?

Receive a Morning Action trade idea every market day in the Morning Update, plus Stocks to Watch Trade Ideas every Saturday.

Become A Member

|