Financial sector stocks remain under intense pressure, as the nation's biggest banks face increasing government scrutiny, but regional bank BB&T (BBT) is a different story.
Earlier this month, the North Carolina-based bank, which offers banking, lending, insurance, trust and wealth management services, raised its revenue outlook for the remainder of the year and increased its dividend payout.
Shares of BB&T have bounced almost 6% since the announcement.
"BB&T is different from average regional banks because it provides more than just deposits and loans, but it's also not a Wall Street play," said Sam Dedio, portfolio manager of Artio U.S. Midcap Fund (JMDAX). "It's a full-service bank, but it excludes the riskier parts of larger banks."
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