BBT - BB&T's Results And Guidance Better Than They Seem But Return Prospects Are Modest

BB&T (BBT) shares have outperformed since my last update and over the last year, due, at least in part I believe, to the counter-cyclical earnings leverage potential of the upcoming merger with SunTrust (STI). Although investors weren’t thrilled about the earnings and guidance offered by the company this time around, I believe the underlying business trends are a little better than they otherwise seem, and I believe the company is on a decent footing for this late stage of the bank cycle.

As far as the investment angle goes, I won’t

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