BB&T Corporation Buyback
OLI recorded this information on 6/28/2017
BB&T Corporation (NYSE: BBT) today announced the board of governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions.The capital actions include a recommendation to increase the quarterly dividend $0.03 to $0.33, a 10-percent increase. This action will be considered by the board at its July 25 meeting. The plan also incorporates other uses of capital including capital distributions of up to $1.88 billion in share repurchase transactions beginning in the third quarter of 2017.
Truist Financial is a financial holding company. Through its subsidiary, Branch Banking and Trust Company, Co. provides banking services to individuals, businesses and municipalities. Co. provides loans and lease financing, including commercial and residential mortgages; permanent commercial real estate financing arrangements; loan servicing for third-party investors; direct consumer finance loans to individuals; credit card lending; automobile financing; and equipment financing. Co. also provides other services, including deposits; discount and brokerage, annuities and mutual funds; life insurance, property and casualty insurance, health insurance and commercial general liability insurance.
Preferreds: BBT.PRD, BBT.PRE, BBT.PRF, BBT.PRG, BBT.PRH
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Buy (2.80 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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