Thursday, April 19, 2007

BB&T profit falls 2 pct as loan losses rise

(Reuters) - NEW YORK, April 19 - BB&T Corp. , a large U.S. Southeast regional bank, said on Thursday first-quarter profit fell 2 percent, as credit losses increased and lending margin declined.

Net income for the Winston-Salem, North Carolina-based company dropped to $421 million, or 77 cents per share, from $431 million, or 79 cents, a year earlier.


Read more at Reuters.com Bonds News

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