The Bank Merger You Didn’t Know You Wanted

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4.7 • 1.7K Ratings

🗓️ 7 February 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

SunTrust and BB&T team up to create the 6th-largest bank in America. Bill Mann analyzes the deal and shares why he’s optimistic about the combined entity’s future. Plus, we discuss Twitter’s 4th-quarter disappointment and Chipotle’s surprising comps growth in its own 4th quarter.

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Transcript

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0:00.0	Thanks to LinkedIn for supporting this episode of market foolry.
0:02.8	Find the right people for your business this year at LinkedIn.com slash fool
0:06.6	and get $50 off your first job post. That's LinkedIn.com slash fool.
0:10.8	Terms and conditions apply.
0:12.4	It's Thursday. slash Fool, terms and conditions apply.
0:13.4	It's Thursday, February 7th.
0:16.0	Welcome to Market Foolry.
0:17.2	I'm Chris Hale joining me in studio.
0:19.0	Bill Mann in the house.
0:20.8	Hello Chris, how are you?
0:22.0	I'm good. Good to are you? I'm good.
0:23.0	I'm better for the side of you.
0:24.0	That's how I am.
0:25.0	We've got Chipotle earnings, we've got Twitter earnings.
0:28.0	We've got to start with the deal of the day though.
0:29.6	We've got a bank merger.
0:31.0	For the first time in a more than a decade, we've got a big bank merger. For the first time in a more than a decade we've got a big bank burger.
0:35.2	We do.
0:36.2	SunTrust and BB and T are teeming up in a 66 billion dollar what is being called a
0:42.4	merger of equals.
0:43.7	They're not quite equals, but it's an all-stock deal.
0:47.4	This creates the sixth largest bank in America.
	...

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