Have you been eager to see how BB&T Corporation performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
In Line Earnings
BB&T came out with adjusted earnings per share of 78 cents, in line with the Zacks Consensus Estimate.
Rise in revenues was offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Q3 has remained stable over the last seven days.
Notably, BB&T has a decent earnings surprise history. Before posting in-line earnings in Q3, the company delivered positive surprises in three of the prior four quarters. Overall, on an average the company posted positive earnings surprise of 2.81% in the trailing four quarters.
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.85 billion, outpacing the Zacks Consensus Estimate of $2.84 billion. Moreover, it came 1.4% higher than the year-ago number.
Key Statistics to Note:
- Adjusted Efficiency ratio of 58.3%
- Average loans and leases held for investment were $142.7 billion for the quarter
- Average deposits were $157.4 billion
- Dividend payout ratio of 43.8% as of Sep 30, 2017
- Common equity Tier 1 ratio under Basel III, on a fully-phased in basis, was 10.1% as of Sep 30, 2017
What Zacks Rank Says
BB&T currently has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. It all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report later!
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BB&T's (BBT) Q3 Earnings Meet Expectations, Revenues Up
Have you been eager to see how BB&T Corporation performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this North Carolina-based diversified financial holding company’s earnings release this morning:
In Line Earnings
BB&T came out with adjusted earnings per share of 78 cents, in line with the Zacks Consensus Estimate.
Rise in revenues was offset by higher expenses.
How Was the Estimate Revision Trend?
You should note that the Zacks Consensus Estimate for Q3 has remained stable over the last seven days.
Notably, BB&T has a decent earnings surprise history. Before posting in-line earnings in Q3, the company delivered positive surprises in three of the prior four quarters. Overall, on an average the company posted positive earnings surprise of 2.81% in the trailing four quarters.
BB&T Corporation Price and EPS Surprise
BB&T Corporation Price and EPS Surprise | BB&T Corporation Quote
Revenues Beat Expectation
BB&T posted total revenues (taxable-equivalent) of $2.85 billion, outpacing the Zacks Consensus Estimate of $2.84 billion. Moreover, it came 1.4% higher than the year-ago number.
Key Statistics to Note:
What Zacks Rank Says
BB&T currently has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. It all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
Check back later for our full write up on this BB&T earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>