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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; nathan.becker@dowjones.com

Stock News for Bb & T (BBT)
DateTimeHeadline
06/27/201615:11:42Statement of Changes in Beneficial Ownership (4)
06/24/201616:33:59Current Report Filing (8-k)
06/24/201614:45:30Annual Report of Employee Stock Plans (11-k)
06/24/201614:35:40Annual Report of Employee Stock Plans (11-k)
06/24/201614:29:37Annual Report of Employee Stock Plans (11-k)
06/23/201617:54:00BB&T Exceeds Fed Minimum Capital Level Under Stress Scenario...
06/23/201617:00:00BB&T Exceeds Fed Minimum Capital Level Under Stress Scenario
06/23/201616:42:00BB&T releases results of its annual stress test
06/17/201607:55:00Stocks Coverage on the Financial Sector -- Regions Financial...
06/14/201609:47:13Current Report Filing (8-k)
06/08/201615:38:00BB&T Corporation CEO to speak at Morgan Stanley Financials Conference
06/07/201607:30:00BB&T names Coley to lead South Florida Region
06/07/201607:30:00BB&T names Keith to lead new North & Central Florida Region
06/01/201608:47:57Current Report Filing (8-k)
05/31/201616:13:14Statement of Changes in Beneficial Ownership (4)
05/27/201615:31:00BB&T announces second-quarter 2016 earnings conference call
05/26/201616:28:58Current Report Filing (8-k)
05/26/201616:16:27Statement of Changes in Beneficial Ownership (4)
05/26/201615:40:00BB&T Corporation COO to speak at Deutsche Bank Global Financial...
05/26/201607:00:00BB&T announces Brown, Wiggs retirements

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