BB&T’s profit rises on lower loss provisions

BB&T (BBT) posted a profit of $510 million, or 72 cents a share, up from $307 million, or 44 cents a share, a year ago, Reuters news reported.

The company beat the average analyst estimate of earnings in the 69 cents a share range.

The bank’s improved earnings resulted from it setting less money aside for loan loss provisions and higher income on fees, Reuters noted.

Click here to read more from Reuters.

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