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SunTrust Banks, Inc. Message Board

  • equityjones equityjones Apr 21, 2011 9:51 AM Flag

    buy the weakness off the report

    looking for a bounce

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    • Agree; Atlanta's SunTrust reported a profit of $180 million, or 8 cents a share. Excluding a charge for an accelerated TARP repayment, earnings would have been 22 cents a share, topping the 14 cents analysts expected.
      Revenue jumped 14% to $2.16 billion, and excluding some securities gains was $2.1 billion, which beat analysts' expectation for $2.08 billion.

      "charge for an accelerated TARP repayment"[Being forced to accept funds then charging a fee for repayment is bad, bad, bad. Thanks Obama, I guess this should have been expected. Irritating ….

      • 1 Reply to jwrye
      • No, it was during The Bush regime that Paulson, Bernanke and & Company made the banks thake all of those billions.

        Read about the coverup and why in...

        "The Weekend That Changed Wall Street" by CNBC's reporter Maria Bartiromo.

        No I'm not trying to sell the book because you can go to your local library to check it out and read.

        But, it's a good book and paints a picture of what happened before Bear Stearns & Merril Lynch came to an end. And, how some CEOs and bankers lived and partied.

    • I see a good repot, higher earnings and revenue, better capital position, higher interest margin...
      Can anyone point to any weakness in the report?
      Or is this market so bloody cooked that it pumps underperformers like PCX and TEX, but punishes those who actually do better like STI, XRX, GE and so on?

    • All IN, for the bounce

40.64-0.79(-1.91%)May 4 4:02 PMEDT