Citi Adjusts BBT Estimates

Citi has increased its 2011 estimate on shares of BB&T Corp (NYSE: BBT) “due to results and lower than originally projected credit losses accompanied with higher reserve releases.”

“We decreased our 2012-2013 EPS estimates by $0.05 reflecting the shift of reserve releases to earlier periods,” Citi writes.

BB&T closed Monday at $26.59.