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BB&T Sees Better Revenue Outlook, Improving Credit Trends

DOW JONES NEWSWIRES 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;

Stock News for Bb & T (BBT)
02/10/201617:08:14Amended Statement of Ownership (sc 13g/a)
02/10/201610:18:06Amended Statement of Ownership (sc 13g/a)
02/09/201611:20:25Current Report Filing (8-k)
02/09/201609:00:00BB&T associates are 'sharing the love' for U
02/02/201615:58:57Statement of Changes in Beneficial Ownership (4)
02/02/201606:00:00BB&T Capital Markets names Kelleher, Savage to key leadership...
02/01/201615:23:00BB&T Corporation CEO to speak at Credit Suisse Financial Services...
01/28/201616:31:05Statement of Changes in Beneficial Ownership (4)
01/28/201615:51:45Form 13f Holdings Report (13f-hr)
01/26/201615:23:00BB&T declares first-quarter dividends
01/22/201609:00:00Sheffield Financial and Polaris Announce Five-Year Extension...
01/21/201616:51:54Current Report Filing (8-k)
01/21/201607:50:00BB&T Misses Wall Street Expectations
01/21/201607:24:00BB&T Misses Wall Street Expectations
01/21/201606:02:25Current Report Filing (8-k)
01/21/201605:46:00BB&T, National Penn Announce Expected Closing Date and Election...
01/21/201605:45:00BB&T reports revenue up 6.9% following acquisitions; Diluted...
01/21/201605:45:00BB&T reports revenue up 6.9% following acquisitions; Diluted...
01/21/201605:45:00BB&T reports revenue up 6.9% following acquisitions; Diluted...
01/12/201610:45:11Statement of Ownership (sc 13g)

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