With 2017 Behind It, BB&T Will Begin to Show True Potential In 2018 and Beyond
Narrow-moat-rated BB&T turned in a strong fourth quarter, with an adjusted return on average assets of 1.29% and adjusted return on average tangible equity of 16.7%. BB&T met all near-term expectations and even outperformed in noninterest income growth. Loan growth remained nonexistent in the fourth quarter, but this was mostly due to the planned runoff of select portfolios, largely mortgage and auto, and we can appreciate some reoptimization of loan portfolios while we are at what appea...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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