|Bid||0.00 x 800|
|Ask||0.00 x 2200|
|Day's Range||69.97 - 70.79|
|52 Week Range||56.68 - 71.75|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||12.85|
|Earnings Date||Apr 15, 2020 - Apr 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||71.50|
FNB and First Horizon National are among the banks that see opportunity following the merger of BB&T; and SunTrust.
The bank's plans for the area are coming into focus, and that means at least some branch closures.
Meet Kent Moegerle, who joined The Bank of New York (BNY) Mellon Wealth Management after more than a quarter century with SunTrust.
With five bank acquisitions revealed, 2019 was another top year for Colorado-based bank acquisitions. It just missed the six acquisition announcements made in 2018, which added up to more bank mergers and acquisitions made in Colorado than at any time in the last five years. While experts told Denver Business Journal that there will likely be fewer acquisitions in 2020, they expect banking in the state to stay extremely competitive.
SunTrust Park is no longer. The Atlanta Braves’ ballpark has been officially renamed Truist Park. Truist, the recently merged bank, is now assuming the agreement which started in 2017 when the stadium opened in Cobb County.
The nation's sixth largest bank will be represented through "Truist Purple" — combining BB&T;'s traditional burgundy and SunTrust blue.
Truist Financial Corp. and the Atlanta Braves plan to unveil the new name of SunTrust Park at a joint press conference on Tuesday. The announcement will come just a little over a month after SunTrust Banks Inc. and BB&T Corp. completed a $66 billion bank merger to create Truist.
Consolidation has become the norm in the banking industry. That is likely to continue in the '20s, although the main catalysts behind the M&A; activity are likely to change.
Construction on Virgin Trains USA’s $4 billion expansion from West Palm Beach to Orlando is underway, thanks to one transaction that helped make that possible. The Miami-based intercity passenger train in April finalized a $1.75 billion private activity bond offering that completely funded construction of the existing system in South Florida to be expanded into Orlando International Airport. The train's Phase 2 expansion is expected to create more than 10,000 temporary construction jobs over the life of the project, and will generate $653 million in federal, state and local tax revenue.
The Houston and Central Texas regional president for Truist Financial Corp. (NYSE: TFC), formed from the massive merger between BB&T Corp. and SunTrust Banks Inc., has growth in mind for his Texas markets. Bill Toomey was named Houston and Central Texas regional president for Truist Dec. 10.
As the region's sole member of the newly created bank's board of directors, High Point University President Nido Qubein promises to fight both for Truist Financial Corp. shareholders and the Triad's economic interests.
It appears a downtown tower's naming rights — and office space — may become available in the coming months as the mega-merger between BB&T Corp. and SunTrust Banks Inc. rolls out. Winston Salem, North Carolina-based BB&T's employees are expected to move by March 2020 from the Citrus Center to downtown's newest high-rise, the $133 million SunTrust Plaza at Church Street Station, said Sandy Hostetter, regional president of Central Florida for the merged entity, Charlotte, North Carolina-based Truist Financial Corp. (NYSE: TFC).
The biggest banking story of 2019 in Atlanta, by far, came Feb. 7 in the announcement that BB&T Corp. was buying SunTrust Banks Inc. in a $66 billion merger that closed on Dec. 6, creating the nation's sixth-largest bank, Truist. It will have the largest market share of any bank in Atlanta. Implications and fallout of the "merger of equals" between Winston-Salem, N.C.-based BB&T and Atlanta-based SunTrust dominated financial industry headlines throughout the year, with leadership changes, speculation about and reaction to the new bank's name, and impacts to real estate ranging from commercial office to the Braves stadium at the top of the most-read stories.
JPMorgan Chase's expansion and the mega-merger between SunTrust and BB&T; will both have strong ramifications for the Greater Baltimore banking industry.
The city hosts a Final Four in the new year, but the big game will be the November election, where Georgia will have two U.S. Senate seats up for grabs, and the state itself could be in play on the electoral college map.
Sandy Hostetter had her guard up after SunTrust Bank and BB&T Corp., two of Central Florida's largest banks, announced on Feb. 7 that they would merge into Truist Financial Corp. She was unsure how the merger might play out, as she was only 120 days into her role as market president for SunTrust Banks Inc. (NYSE: STI). The executive had 38 years of experience in the market's banking industry and was not sure what to make of Truist's creation, which resulted from a merger of equals between BB&T Corp. (NYSE: BBT) and SunTrust Bank, she told Orlando Business Journal.
It was the largest apartment sale this year based on the per-unit price, according to Atlanta real estate research firm Databank Inc. It also another example of a large, national real estate investor willing to pay a premium for a property on the Eastside Trail.
Travis Rhodes said the $66 billion merger of equals with SunTrust offers another chance to tell the company's story.
The U.S. and China may be trying to negotiate an end to their trade war continues, many local businesses have prepared for difficult times by stocking up on inventory. That, along with merger activity and baby boomer legacies are among the trends observed by Truist exec Johnny B. Moore Jr.
The $66 billion merger completed Friday night between BB&T; Corp. and SunTrust Banks Inc. will affect the companies’ Greater Cincinnati operations, but it’ll be a while before customers will see the most obvious changes.
Days after the $66 billion BB&T-SunTrust; marriage closed to create Truist Bank, the new entity has outlined its local leadership plan.
Truist Financial Corp. named a local president as part of a leadership announcement across the U.S. The Charlotte, North Carolina-based bank (NYSE: TFC), which resulted from the merger of equals between BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) that closed on Dec. 6, named Sandy Hostetter its regional president for Central Florida. Hostetter previously was Central Florida market president for SunTrust, serving in that role since October 2018.
Rating Action: Moody's upgrades SunTrust Banks, Inc. and downgrades BB&T Corporation as they merge to form Truist Financial Corporation; outlook stable. Global Credit Research- 09 Dec 2019. New York, December ...
CBJ caught up with CEO Kelly King last week to get an update on the merger and talk about what comes next in building Truist Financial Corp., from real estate and software divisions to leadership transitions.