Opinions
Norman Levine
BB&T Corp.
BBT-N
BUY
Jul 03, 2019
$49.070
Stock price when the opinion was issued
Financial Services
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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)
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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)
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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.