Thursday, July 19, 2007

UPDATE 1-BB&T profit up 7 pct, record fees offset bad loans

(Reuters) - NEW YORK, July 19 - BB&T Corp , a large U.S. Southeast bank, said on Thursday second-quarter profit rose 7 percent, matching analysts' forecasts, as record fee-based revenue helped offset increased loan losses.



The Winston-Salem, North Carolina-based company said net income rose to $458 million, or 83 cents per share, from $429 million, or 79 cents, a year earlier.


Read more at Reuters.com Market News

No comments: