Business Briefs

BB&T beats Street estimates for quarterly profit

Analysts polled by Thomson Reuters expected a 26 cent profit.

Posted Updated
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WINSTON-SALEM, N.C. — BB&T (NYSE: BBT) beat Wall Street analysts’ expectations on profits with third quarter earnings of 30 cents per share.

Analysts polled by Thomson Reuters expected a 26 cent profit.

"Our underlying businesses, in many ways, are performing better than ever, particularly in terms of client service delivery and market position," said BB&T Chairman and CEO Kelly King.

A year ago, BB&T earned 23 cents.

 

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