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.
Excellent dividend
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