BB&T Corp (BBT): Today's Featured Banking Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

BB&T ( BBT) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day up 0.2%. By the end of trading, BB&T rose $0.44 (1.5%) to $30.67 on average volume. Throughout the day, 4,440,755 shares of BB&T exchanged hands as compared to its average daily volume of 4,218,400 shares. The stock ranged in a price between $30.22-$30.84 after having opened the day at $30.33 as compared to the previous trading day's close of $30.23. Other companies within the Banking industry that increased today were: Old Second Bancorp ( OSBC), up 30.0%, National Bank of Greece ( NBG), up 21.3%, EverBank Financial ( EVER), up 10.6% and Summit Financial Group ( SMMF), up 8.5%.
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BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. BB&T has a market cap of $21.0 billion and is part of the financial sector. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7. Shares are up 3.8% year to date as of the close of trading on Wednesday.

TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, Credit Suisse ( DSLV), down 14.8%, First ( FBMS), down 9.0%, Porter Bancorp ( PBIB), down 7.9% and Broadway Financial ( BYFC), down 7.9% , were all laggards within the banking industry with Banco Santander ( SAN) being today's banking industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the banking industry could consider KBW Bank ETF ( KBE) while those bearish on the banking industry could consider ProShares Short KBW Regional Bankng ( KRS).

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