|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||66.89 - 68.75|
|52 Week Range||51.96 - 69.56|
|PE Ratio (TTM)||17.59|
|Forward Dividend & Yield||1.60 (2.34%)|
|1y Target Est||N/A|
Although the holidays have come and gone, some regional banks are continuing the season of giving. Fifth Third Bancorp.’s foundation recently announced its 2017 Strengthening Our Communities Fund grants for North Carolina, with three of those grants directly benefitting the Charlotte area. The foundation awarded a total of $2.5 million corporate wide.
Regions Financial Corp and SunTrust Banks Inc reported quarterly earnings on Friday that topped Wall Street expectations, benefiting from higher interest rates amid sluggish lending. Three interest rate hikes by the Federal Reserve in 2017 have helped the regional banks grow profit even as they dole out less loans. Higher interest rates typically translate to more returns for banks as they can charge higher interest on loans.
Bank and industrial earnings will round out the week for investors, as markets also get a check on consumer confidence.
The SunTrust Foundation awarded $16.9 million in grants in 2017 to more than 1,400 educational institutions and nonprofits. Atlanta-based SunTrust Banks Inc. (NYSE: STI) reported the grants helped more ...
Some of SunTrust's top Florida executives will have new positions with the bank in 2018. The Atlanta-based bank (STI) announced Thursday that its former top South Florida executive, Manny Perdomo, has been appointed head of international risk delivery. In his new role, Perdomo will be responsible for credit approval, compliance and operational risks for all of SunTrust's international exposures within the consumer and wholesale segments.
One of the largest regulated utilities, Xcel Energy has a mean price target of $50.2, which implies an estimated upside of more than 4% over the next year.
Both BB&T (BBT) and SunTrust (STI) are well poised for growth. However, SunTrust seems to be a better investment option given the higher earnings growth prospects.
SunTrust Banks Inc. (STI) is the latest in a slew of banks announcing minimum wage hikes following the GOP-led tax overhaul, which cuts corporate tax rates to 21%. SunTrust said Friday it will raise the minimum wage for hourly employees to $15 per hour as well as fund merit-based pay increases for about 20% of the bank's workforce. The 401K contribution is in addition to a 6% match opportunity already in place.
In an effort to get more people thinking about their finances, SunTrust Banks Inc. (STI) has created a gaming platform to guide them through key financial decisions. "The goal is to take people from financial stress to financial confidence," said Brian Nelson Ford, financial well-being executive at SunTrust. The game begins by asking users what they value most and then guides them through a map of financial planning (Home Buying Hollow, Lenders Ledge and the like).
Atlanta-based SunTrust Banks Inc. (STI) already has plans to capitalize on the recent tax reforms enacted by Congress and President Donald Trump. “The anticipated benefits from tax reform allow us to build upon our purpose of Lighting the Way to Financial Well-Being in a sustainable way by implementing actions that will have a multi-year impact for many of the constituents that count on us,” SunTrust Chairman and CEO Bill Rogers said in a statement. SunTrust has two business segments: Consumer and Wholesale. Its flagship subsidiary, SunTrust Bank, operates an branch and ATM network throughout the Southeast and Mid-Atlantic states.
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to SunTrust Banks, Inc. Here are 5 ETFs with the largest exposure to STI-US. Comparing the performance and risk of SunTrust Banks, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
SunTrust Banks Inc (NYSE:STI) is a large-cap stock operating in the financial services sector with a market cap of USD $31.16B. As major financial institutions return to health after theRead More...
Categories: Yahoo FinanceGet free summary analysis SunTrust Banks, Inc. reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of SunTrust Banks, Inc. – United Bankshares, Inc., BankUnited, Inc. and First Community Bancshares, Inc. (UBSI-US, BKU-US and FCBC-US) that have also reported for this period. Highlights Summary numbers: ... Read more (Read more...)
SunTrust Banks Inc (NYSE:STI) saw a significant share price rise of over 20% in the past couple of months on the NYSE. As a large-cap stock with high coverage byRead More...