Tag: NYSE:BBT

BB&T Corporation (NYSE:BBT) Q3 earnings decrease 43% due to decrease of net interest margin, which is main measure of lending profitability.  While the profit of the company is also affected by $235 million tax adjustment. The firm the profit margin from lending, investing and net interest margin, decrease from 3.94% in last quarter to 3.68% in current quarter, while Overall, profit was 37 cents on each share, or $268 million, decrease 66 cents on each share or $469 million, smear quarter last year.
Lease losses and the allowance for loan totaled $1.71 billion against $1.91 billion Q3 2012. Without including the affect of a $235 million tax adjustment, adjusted earnings were 70 cents on each share. Revenue decreased 5% to $2.36 billion. Shares of BB&T Corporation (NYSE:BBT) were down -0.88% to $33.92 in premarket. In last session BBT closed at $34.22.
Huntington Bancshares Incorporated (NASDAQ:HBAN) Q3 profit increase 6.4% due to it wrote off some bad loans, while its loan portfolio boosted 4.7%. The firm earned were declared as 20 cents on each share or $178.5 million, increase from 19 cents per share or $167.8 million, previous year.
The Columbus, Ohio-based bank profit is higher than the prediction of analysts, Thomson Reuters analyst were anticipate the firm to earn 17 cents on each share. But the company revenue decrease 2.1% to $682 million, lower than analysts’ prediction of $684.8 million. Net interest margin, also decrease to 3.34% from 3.38% from same period last year, industrial and commercial loans boosted 4.3% to $17 billion. Shares of Huntington Bancshares Incorporated (NASDAQ:HBAN) were up 0.52% to $8.64 in premarket. In last session HBAN closed at $8.60.
UnitedHealth Group Inc. (NYSE:UNH) Q3 earnings edged up 0.8% due to the firm declared steady enrollment growth. The company at the end of latest quarter served 89.7 million people in contrast to 89.2 million in the previous quarter and 77.6 million in same period last year. The firm declared a profit of $1.53 per share, or $1.57 billion, increase from $1.50 per share or $1.56 billion, a year earlier.
The firm declared increase in revenue by 12% to $30.62 billion, while its entirety operating costs were increase 13%. Shares of UnitedHealth Group Inc. (NYSE:UNH) were decrease -2.91% to $73.00 in premarket. In last session UNH closed at $75.19.