Why You Shouldn't Bet Against BB&T Corporation (BBT) Stock
One stock that might be an intriguing choice for investors right now is BB&T Corporation BBT. This is because this security in the Banks-Major Regional space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks-Major Regional space as it currently has a Zacks Industry Rank of 8 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, BB&T Corporation is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
BB&T Corporation Price and Consensus
BB&T Corporation Price and Consensus | BB&T Corporation Quote
In fact, over the last 60 days, current quarter estimates have remained stable, while current year estimates have risen from $2.78 per share to $2.80 per share. This has helped BBT to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider BB&T Corporation. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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