On Thursday, Shares of BB&T Corporation (NYSE:BBT), lost -0.34% to $41.46.
BB&T Corporation, stated quarterly earnings for the second quarter of 2015. Net income accessible to common shareholders was $454 million, contrast to $424 million earned in the second quarter of 2014, an enhance of 7.1%. Earnings per diluted common share totaled $0.62 for the quarter, contrast to $0.58 for the second quarter of last year, an enhance of 6.9%. Net income accessible to common shareholders was affected by $25 million in pre-tax merger-related charges ($16 million after-tax), or $0.02 per diluted share, and a $34 million after-tax loss on the sale of American Coastal, or $0.05 per diluted share.
“We are happy to report solid results for the quarter, led by improved loan growth and strong credit quality,” said Chairman and Chief Executive Officer Kelly S. King. “We accomplished several planned transactions during the second quarter and reached an important milestone with the recent approval of the Susquehanna merger.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.
Shares of Baker Hughes Incorporated (NYSE:BHI), inclined 1.72% to $59.28, during its last trading session.
Baker Hughes Incorporated declared that the Baker Hughes Board of Directors declared the regular quarterly cash dividend of $0.17 per share of common stock payable September 23, 2015 to holders of record on September 2, 2015.
Baker Hughes is a leading supplier of oilfield services, products, technology, and systems to the worldwide oil and natural gas industry. The company’s 49,000 employees recently work in more than 80 countries assisting customers find, evaluate, drill, produce, transport and process hydrocarbon resources. For more information about Baker Hughes, visit: www.bakerhughes.com.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.
At the end of Thursday’s trade, Shares of AmerisourceBergen Corp. (NYSE:ABC), lost -4.20% to $110.12.
AmerisourceBergen Corporation stated that in its fiscal year 2015 third quarter ended June 30, 2015, adjusted diluted earnings per share raised 18.8 percent to $1.20. Revenue raised 12.8 percent to $34.2 billion in the quarter. On the basis of U.S. generally accepted accounting principles (GAAP), diluted earnings per share were $0.89 for the June quarter of fiscal 2015. In the tables that follow, we present our GAAP results in addition to GAAP to non-GAAP reconciliations.
“Strong performance in our June quarter positions us very well to meet our financial and planned objectives for the full year,” said Steven H. Collis, AmerisourceBergen President and Chief Executive Officer. “Our outstanding cash generation, the investments we have made and will continue to make in improving our infrastructure and capabilities, and the strength of our presence in key growing markets has put us on course to deliver adjusted earnings per share growth of over 20 percent for the second successive year. While it is still early in our planning process and there are many moving parts, we see a pathway to building on that performance and achieving adjusted earnings per share growth in the low-teens range for fiscal 2016.”
AmerisourceBergen Corporation sources and distributes pharmaceutical products to healthcare providers, pharmaceutical and biotech manufacturers, and specialty drug patients in the United States and internationally.
Finally, Metlife Inc (NYSE:MET), ended its last trade with -1.01% loss, and closed at $56.75.
MetLife declared its Guaranteed Income Builder℠ deferred income annuity is now accessible as a qualifying longevity annuity contract (QLAC) for individual clients. Guaranteed Income Builder provides a pension-like stream of income for life, assisting to address a top concern of recently’s retirees: running out of money in retirement. By using Guaranteed Income Builder as a QLAC, clients now have the flexibility to defer a portion of their required minimum distributions (RMDs) from their qualified IRA to a later date.
“In 2016, the first of the stepped down Baby Boomers are set to start taking their RMDs,” said Elizabeth Forget, executive vice president of MetLife Retail Retirement & Wealth Solutions. “Even though RMD rules require that individuals start taking distributions from IRAs once they reach age 70½, not everyone will need these funds at that stage in their life. In fact, many Boomers will enhance their taxable income when taking RMDs at age 70½, because they are required to take these funds or face a penaltyi. By using Guaranteed Income Builder as a QLAC, clients can defer income payments until their chosen start date, which can be as late as age 85.”
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset administration products in the United States, Japan, Latin America, Asia, Europe, and the Middle East.
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