Stockchase Opinions

Norman Levine BB&T Corp. BBT-N PAST TOP PICK Dec 20, 2018

(A Top Pick Dec 28/17, Down 11%) It has excellent management, good earnings and dividend growth but the market doesn't care.
$43.190

Stock price when the opinion was issued

Financial Services
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TOP PICK

A consumer bank making money both in spread and on loan growth. It will benefit from US tax law changes.

TOP PICK

One of the biggest regional bank on the East Coast of the U.S. Has both commercial and retail customers. Big beneficiary of rising interest rate. He prefers the US banks vs Canadian banks on a valuation and risk basis. (Analysts' price target $57.96)

PAST TOP PICK

(Past Top Pick Oct. 20, 2017, Up3%) A U.S. east coast bank with a lot of retail like TD. It will benefit from higher interest rates. They reported a good quarter. Low-risk.

TOP PICK
A well run eastern seaboard bank focusing on North Carolina. In the process of buying another US SE bank -- the first merger of two major banks in the US since the financial crisis. The market likes the deal as both share prices rose on the announcement. It will become the 6th largest US bank. Yield 3.27%. (Analysts’ price target is $55.55)
BUY
Longer-term downtrend broke in January and has since seen higher highs and higher lows. As long it doesn't break below its current trendline, it will be fine. Wait for an upside re-acceleration to buy.
PAST TOP PICK
(A Top Pick May 29/18, Down 5%) A east coast regional bank in the US. It has proposed a major merger, the biggest since the financial crisis. A high quality management team with high quality assets. He continues to prefer holding US financial assets versus Canadian.
BUY

He owns BBT-N. The company is involved in a merger with Suntrust. It is a franchised bank on the east coast where there is good economic and demographic growth. Even during the financial crisis, they managed affairs well. The US banks have been stuttering as the yield curve has become flat. He would still be a buyer here.

TOP PICK
A super-regional bank in North Carolina. It is buying/merging with another major player in the US Southeast. During the financial crisis it was in great financial shape. The stock has done well despite a lower interest rate environment. Yield 3.30% (Analysts’ price target is $55.89)
PAST TOP PICK
(A Top Pick Apr 17/19, Down 36%) Late last year it merged and it made them an even bigger presence in the south east US. It has a lot of cost cutting ahead of it. Long term he thinks the prospects are quite good.