|Bid||61.69 x 800|
|Ask||64.59 x 800|
|Day's Range||63.61 - 64.69|
|52 Week Range||46.05 - 75.08|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||11.33|
|Forward Dividend & Yield||2.00 (3.33%)|
|1y Target Est||N/A|
SunTrust Banks Inc NYSE:STIView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for STI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting STI. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold STI had net inflows of $4.74 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. STI credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Developers have received permits for a 90-acre project in Gwinnett County linked to Amazon.com. Heritage South Real Estate Partners LP., Eberly & Associates Inc. and J.M. Williams are part of a team that sought commercial development permits from Gwinnett County for the nearly 2.6 million-square-foot office warehouse known as “Project Rocket.” Gwinnett Planning and Development officials issued permits for Project Rocket May 31 after a lengthy review process that dated back to last August. Gwinnett commissioners approved the warehouse last year.
Target, RH, Verizon, SunTrust, BB&T and Samsung are the companies to watch.
BB&T and SunTrust Banks said Wednesday that when their planned merger is completed, their new name will be "Truist." The banks said they worked with Omnicom unit Interbrand to come up with the new name after "focus groups and analytical research" from bank employees and clients. According to the banks, the combined firm, Truist Financial Corp., will be the sixth-largest bank holding company in the U.S. The merger is expected to complete in the third or fourth quarter of 2019, the banks said.
The soon-to-merge BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) has a new name — Truist Financial Corp. "We're excited because we really think we can redefine the client experience and really create a meaningful change in the community," said BB&T Chief Executive Kelly King. King said he believes this brand is a way for the new entity to build on the heritages of BB&T and SunTrust while also positioning the new bank for the future. BB&T and SunTrust announced in February their plans to merge in an all-stock deal valued at about $66 billion.
SunTrust and BB&T; said the new name for their combined bank reflects the heritage of both financial institutions. SunTrust's CEO said the home of the Atlanta Braves will not change this season.
Charlotte, North Carolina is the focal point of a brewing war between the big banks, as BB&T and SunTrust merge and giants Chase and U.S. Bank move in.
It will be called Truist. “Truist is a brand name representative of two mission- and purpose-driven companies coming together to serve our clients as a true financial partner,” said SunTrust chief executive Bill Rogers, who will serve as chief operating officer of Truist. Kelly King, head of BB&T, will be Truist’s chairman and chief executive.
The BB&T; Atlanta Open, set for July 20-28, is poised to bring on First Data as it looks to expand its community outreach and reach a larger audience.
Bernie Marcus was feted by his fellow Home Depot co-founders and A-listers in Atlanta's business, civic and government community. Even President Donald Trump made a special video with a personal message to Marcus thanking him for his advice and friendship over the years.
Asian shares were mostly higher Friday on investor optimism about a possible trade deal between the U.S. and Mexico before tariffs take effect.
“They will simply say, ‘we will spend whatever it takes so we can be a thorn in the side of BB&T-SunTrust.;”
SunTrust CEO Bill Rogers may be moving to Charlotte, N.C., but Atlanta will stay in his heart and mind. Atlanta-based SunTrust Banks Inc. and Winston-Salem, N.C.-based BB&T Corp. announced a "merger of equals" earlier this year, when they decided it would be best to pick a neutral location (Charlotte) to become the headquarters of the new bank. “We have enjoyed a lead role in Atlanta, and Atlanta will be the single most important business center for the new bank,” Rogers said in an extended interview on June 4.
Asian markets were mixed in early trading Thursday as investors weighed pessimism over global trade tensions against optimism that the Federal Reserve would cut interest rates.
A new food hall, restaurants and shops are being sought for one of downtown Orlando's most iconic office buildings. Los Angeles-based CBRE Group Inc.'s (NYSE: CBRE) James Mitchell, executive vice president, and Kristen Knowlton, associate, now are handling leasing for roughly 15,000 square feet of retail space at 200 S. Orange Ave., formerly the SunTrust Center. About 10,000 square feet of space fronting the building's park and courtyard is being marketed for a food hall or full-service restaurant user.
BB&T; Corp. is offering millions of dollars to some executives to stay on board through the merger with SunTrust Banks Inc., according to a Monday filing with the Securities and Exchange Commission.
BB&T Corp. and SunTrust Banks Inc. are down to a “handful” of possible names for the new merged bank, according to Bill Rogers, chairman and CEO of SunTrust. Rogers said the banks likely will announce the new name by the end of the month.
As it prepares to merge with BB&T, Atlanta-based SunTrust Banks Inc. will double its investment in the Atlanta community each year over the next three years. “It has been $50 million for the last three years,” said Bill Rogers, SunTrust’s (NYSE: STI) chairman and CEO, in an extensive interview on Tuesday. It will be $100 million a year for next three years for a total of $300 million.” Rogers said both banks are living up to commitments they made when they announced their intention to merge and their plans to move the corporate headquarters to Charlotte, N.C. BB&T is based in Winston-Salem.
Synovus has reached outside the Peach State for the newest addition to its C-Suite. Synovus Financial Corp. (NYSE: SNV) said Monday it hired Jamie Gregory as executive vice president and chief financial officer, effective June 24. Gregory has worked as executive VP and head of corporate financial strategy for Regions Financial Corp. (NYSE: RF) in Birmingham, Alabama since 2015. He joined Regions in 2009 after 10 years with Wachovia.
BB&T Corp and Suntrust Banks announced their new name to the public Truist. The new name will go into effect once the $66 billion merger comes to a close. Truist is supposed to be a combination of the two companies as a "merger of equals." What do you think about the name?