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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.3%. By the end of trading, BB&T rose $0.68 (2.0%) to $35.36 on heavy volume. Throughout the day, 6,580,886 shares of BB&T exchanged hands as compared to its average daily volume of 3,627,700 shares. The stock ranged in a price between $34.63-$35.55 after having opened the day at $34.75 as compared to the previous trading day's close of $34.68. Other companies within the Banking industry that increased today were: VelocityShares 3x Inverse Silver ETN S&P GS ( DSLV), up 11.3%, VelocityShares 3x Inverse Gold ETN linked t ( DGLD), up 6.4%, Sun Bancorp ( SNBC), up 6.1% and BNC Bancorp ( BNCN), up 5.3%.

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 $24.4 billion and is part of the financial sector. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7. Shares are up 18.7% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate BB&T a buy, 1 analyst rates it a sell, and 13 rate it a hold.

TheStreet Ratings rates BB&T as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, reasonable valuation levels and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, VelocityShares 3x Long Silver ETN linked to ( USLV), down 11.9%, OptimumBank Holdings ( OPHC), down 7.0%, VelocityShares 3x Long Gold ETN linked to t ( UGLD), down 6.6% and ICICI Bank ( IBN), down 4.8% , were all laggards within the banking industry with UBS ( UBS) 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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

You and I Are Not Doomed: Market Recon

You and I Are Not Doomed: Market Recon

Apple, Tesla and China's Economy - 5 Things You Must Know

Apple, Tesla and China's Economy - 5 Things You Must Know

Wall Street Futures Bump Higher on China GDP, Potential Apple Tax Law Boost

Wall Street Futures Bump Higher on China GDP, Potential Apple Tax Law Boost

European Stocks Gain, Wall Street Drifts But Global Markets Power Ahead

European Stocks Gain, Wall Street Drifts But Global Markets Power Ahead

Bonus White Paper: How to Play a Resurgent Banking Sector