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SunTrust Banks, Inc. Message Board

  • ani4ani2011 ani4ani2011 Jan 8, 2013 12:05 PM Flag

    NON-DISCLOSURE OF MATERIAL EVENTS = MORE MATERIAL EVENTS IN THE HOPPER...IMO

    the only reason I can think of that STI refuses to tell investors how much their portion of the $8.5bb settlement is -- in cash and in customer aid -- is because there is another bomb coming. It's Fed stress test and earnings time. They have to tread carefully. And announcing a $500mm CASH hit from this settlement and another $several hundred million hit from something else a few days apart would look terrible. I fully expect STI to make an impromptu conference call annuncement in which they pre-announce and tell us something bad.

    This is all too wierd. Non-disclosure of material events is never a good thing.

 
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