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BB&T: Financial Winner

"This was a surprise, since BBT passed the quantitative part of CCAR with a 7.8% post-stress loss capital ratio and had sailed through previous reviews," Mosby said, adding that "BBT is not approved to execute any incremental capital distributions, including merger & acquisition requests," until its revised capital plan is approved. BB&T will submit the revised plan by the end of the third quarter.

BB&T has been one of the stronger regional banks through the credit crisis and its aftermath, with returns on average tangible common equity ranging from 8.22% to 20.45% over the past five years, according to Thomson Reuters Bank Insight.

The company will release first-quarter results April 18, with analysts expecting earnings of 62 cents a share, declining from 71 cents in the fourth quarter, but increasing from 59 cents in the first quarter of 2012.

JPMorgan Chase analyst Vivek Juneja has a "neutral" rating on BB&T, with a price target of $33.50, and said in a report on Tuesday that the bank is "growing revenues solidly, led by faster loan and deposit growth and increases in some fee-based businesses such as insurance brokerage."

"BBT is doing a good job at growing higher-yielding specialized loans and has also benefited recently from sharp reduction in credit costs," Juneja wrote.

Juneja has stuck with his "neutral" rating for BB&T, with the shares "trading at a premium to peers, which reflects its appropriate valuation."

Interested in more on BB&T? See TheStreet Ratings' report card for this stock.

-- Written by Philip van Doorn in Jupiter, Fla.

>Contact by Email.

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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.
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