BB&T Sees Better Revenue Outlook, Improving Credit Trends

Date : 05/05/2011 @ 10:08AM
Source : Dow Jones News
Stock : BB&T Corp. (BBT)
Quote : 42.56  -0.07 (-0.16%) @ 3:59PM

BB&T Sees Better Revenue Outlook, Improving Credit Trends

BB & T (NYSE:BBT)
Historical Stock Chart

5 Years : From May 2012 to May 2017

Click Here for more BB & T Charts.

BB&T Corp. (BBT) said its outlook for total revenue has improved for the remainder of this year, and it expects charge-offs to decline by the end of the year.

The regional bank said in an investor presentation on its website that its "outlook for total revenues is improved" for the rest of the year, and it has seen credit trends "improve across the board" recently, with delinquencies and net charge-offs declining.

The presentation on the site correlates with remarks Chief Financial Officer Daryl N. Bible will give at a conference in Boston on Thursday morning.

North Carolina-based BB&T also noted that its "fundamental core performance remains strong and underlying business performance is improving."

BB&T in April said its fiscal second-quarter profit improved 20% from its year-earlier level, though it noted at the time that revenue slid 7% to $2.04 billion, lower than analysts had expected at the time.

Shares recently fell 5 cents to $26.66 in early trading. The stock has fallen 20% in the past year.

 
   By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com 
 
 

Latest BBT Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.