Digesting acquisitions should improve BB&T's operating efficiency in a low-rate environment.
Narrow moat-rated BB&T turned in another steady quarter, with a return on average assets of 1.16% and a return on average tangible equity of 14.9%. While loan growth came in a bit low, BB&T cited risk management as a key reason for this. Additionally, noninterest income also came in slightly worse than guidance while expenses came in at the upper end. Steady gains within net interest income have helped offset this somewhat, and we do expect continued cost saves to filter through in the f...BB&T is a financial holding company. Through its bank subsidiary, Branch Banking and Trust Company, the company provides banking services to individuals, businesses and municipalities. The company 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. The company 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.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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