Investing Strategies For BB&T

The BBT stock is shares of BB&T Bank, one of the largest financial services holding companies in the U.S. with $222.6 billion in assets and market capitalization of $30.6 billion.  

 Whether you already own BBT stock shares, or are just looking into getting in, we need to look at the 3 points of the IDDA approach to see where we stand.

1- Fundamentals - BBT Stock

First things first, let's learn a bit about BB&T Bank and their BBT stock.

Who the heck are they? BB&T Corporation is a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.

Who are their competitors? Basically majority of banks and financial services in the US! That includes Bank Of America Corporation, Bank Of New York Mellon Corp, Cit Group Inc, etc.

What are they doing differently? BB&T reported total revenue increase in the 3 quarter 2016 by 11.79 % year on year. According to CSIMarket, BB&T's sales growth was above its competitors average revenue growth of 7.28 %, recorded in the same quarter.    

What's going on in their company structure?  BB&T Corp. announced on Wednesday that its chief operating officer has been promoted to also serve as president of the corporation and its banking subsidiary, Branch Banking and Trust Company.  

How could Trump presidency impact BBT stock? During the U.S. Presidential race, Donald Trump stated that he would get rid of the Dodd-Frank Act and destroy the Wall Street Reform. If this occurs, banks and financial services such as BB&T could benefit and make certain speculative investments. This explains why BBT and other financial sectors rallied after he won the presidency.

2- Technical Analysis

  BBT stock price hit an all time high at 47.75 in December 2016. It is currently pulling back which is natural. It still remains above the daily and monthly Ichimoku clouds, and is supported by the 23% Fibonacci retracement level at 43.80.  

BBT Stock - Daily Chart Technical Analysis

BBT Stock - Daily Chart Technical Analysis

3- Market Sentiment

Zacks Investment Research upgraded BBT stock shares from a hold rating to a buy rating on Tuesday. They currently have $52.00 price target on the stock.

BBT Stock - Investing Strategy

Here are Invest Diva's calculations for important approximate levels for BBT Stock to keep an eye on:

Support Levels Turning Point Resistance Levels
41.38 43.80 47.75
43.80 47. 75 52

 

If you are an Invest Diva student, you should be able to put the technical, fundamental and sentimental points of the  more

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