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5 Banks Most Vulnerable to New Housing Meltdown

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4. BB&T Corp. (BBT - Get Report)

One to four family mortgage loans as a percentage of total assets: 22.3

Analysts surveyed by Bloomberg rank BB&T 15th out of the 19 banks in the S&P 500, giving it a consensus rating of 3.3 out of 5.

BB&T's first quarter earnings were "very disappointing," according to a report from Sterne Agee, both from a credit quality and revenue perspective.

"Problem asset levels remain exceedingly high despite management's more aggressive asset disposition program," wrote Sterne Agee analyst Todd Hagerman.

Nonetheless, Hagerman has a "buy" on BB&T, arguing to Winston-Salem, N.C.-based institution arguing credit is "nearing an inflection point." He also believes "materially lower environmental costs and improving loan demand" suggest the shares are favorable from a risk/reward perspective.

Speaking at a May 24 conference hosted by Barclays Capital, BB&T CFO Daryl Bible said BB&T's mortgage business makes up about 7% of revenues, with the largest segment, "community banking," accounting for 60%.
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BAC $13.86 -1.90%
BBT $34.00 -0.32%
PNC $85.35 -0.02%
RF $9.04 0.00%
STI $40.36 -0.69%


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