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BB&T climbs, KeyCorp drops around midday following Q3 earnings release

BB&T Corp. climbed 3.65% to $49.45 around midday on Thursday, Oct. 18.

The Winston-Salem, N.C.-based company reported third-quarter net income applicable to common shares of $1.01 per share, up from 74 cents per share a year ago.

BB&T CEO Kelly King said during the company's earnings call that they were "laser-focused" on organic growth. He also said he does not expect to see a lot of big-bank acquisitions across the industry.

Meanwhile, Cleveland-based KeyCorp's shares were down 2.93% to $18.20. The company's third-quarter EPS went up year over year to 45 cents from 32 cents.

In general, U.S. bank and thrift stocks were mixed during morning trading. As of 11:56 a.m. ET, the SNL U.S. Bank Index was down 0.38% to 589.52, while the SNL U.S. Thrift Index added 0.05% to 834.05. The Dow Jones Industrial Average retreated 1.27% to 25,381.15, the Nasdaq Composite Index fell 1.81% to 7,504.46 and the S&P 500 slipped 1.49% to 2,767.70.

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Market prices and index values are current as of the time of publication and are subject to change.