In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss BB&T's little tax problem. They tell investors about the hundreds of millions of dollars BB&T paid to the IRS, expecting to get it back, and why a very similar recent court case involving Bank of New York Mellon may have set a precedent and may mean BB&T won't be getting its money back after all. Matt tells investors how much money is at stake and just how damaging this could be to BB&T if the courts don't rule in its favor.
With big finance firms still trading at deep discounts to their historic norms, investors everywhere are wondering if this is the new normal or whether finance stocks are a screaming buy today. The answer depends on the company, so to help you figure out whether BB&T should be on you radar, I invite you to read our premium research report on the company today. We'll fill you in on both reasons to buy and reasons to sell BB&T and what areas that BB&T investors need to watch going forward. Click here now for instant access!
The article BB&T: The Taxman Cometh originally appeared on Fool.com.David Hanson and Matt Koppenheffer have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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