Your Ad Here

Friday, April 17, 2009

BB&T (BBT) Declares $0.47 Quarterly Dividend

BB&T Corp. (BBT Quote) reported a sharp drop in first-quarter profit on Friday, but handily topped Wall Street expectations, sending its shares soaring in morning trading.

The Southern regional bank reported $271 million, or 48 cents per share, in earnings, down 37% from the year-ago quarter. Analysts had expected 31 cents per share, on average, according to Thomson Reuters.

I do NOT own shares of BBT.

1 comment: