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BB&T Corporation (NYSE: ) shares moved marginally higher after a positive recommendation by CNBC's Jim Cramer on his Mad Money Lightning Round. The hedge fund manager turned television star believes that this stock is headed higher because it is a well-run bank that is going to be the best in North Carolina and perhaps the entire southeast. BB&T was one of the few banks that was conservative enough not to get hurt, and that is the reason that it is now one of the best in the industry.

Last month, BB&T reported lower second-quarter net income as credit losses mounted amid a struggling housing market. However, earnings still came in higher than expected and shares rose. The #3 bank in the triangle blamed the losses on the faltering housing market that caused much of its lending troubles. Specifically, the company saw weakness in Georgia, Florida, and Washington D.C. The company set aside $330 million to deal with bad loans in the second quarter.

BB&T Corporation is a financial holding company that conducts its business operations primarily through its commerical banking subsidiary. This subsidiary provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals. The bank provides these services through 1,492 offices as well as a range of other non-bank subsidiaries.

Shares of BB&T rose $0.33, or 1.17%, to $28.42 on the news.

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