|Bid||62.83 x 1000|
|Ask||62.85 x 800|
|Day's Range||62.57 - 62.92|
|52 Week Range||46.05 - 75.08|
|Beta (3Y Monthly)||1.72|
|PE Ratio (TTM)||11.02|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||2.00 (3.05%)|
|1y Target Est||70.23|
ATLANTA , May 20, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) is scheduled to speak at the Bernstein Strategic Decisions Conference in New York on Thursday, May 30, 2019 . Time: ...
NEW YORK, NY / ACCESSWIRE / May 19, 2019 / Juan Monteverde , founder and managing partner at Monteverde& Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
SunTrust (STI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
JPMorgan Chase on Friday agreed to purchase healthcare payments and billing processor InstaMed for over $500m, the bank’s biggest acquisition since the height of the financial crisis, according to a person with knowledge of the matter. The purchase follows a resurgence of dealmaking by the likes of Goldman Sachs, Morgan Stanley and BB&T and marks JPMorgan’s biggest takeover since it bought investment bank Bear Stearns and the retail banking assets of Washington Mutual in 2008. JPMorgan already processes more than $6tn of payments a day.
Ironically, he said that making it harder for regional banks to merge would “be a big favor” for the biggest banks, like Bank of America Corp., deepening the “moats” that protect them. On Thursday, Maxine Waters, the chairwoman of the House Financial Services Committee, said in a statement at a hearing on financial institutions that “bank consolidation is accelerating as I previously warned it would,” with the BB&T and SunTrust tie-up potentially creating the country’s sixth-largest bank. “While thousands of banks have proposed to merge between 2006 and 2017, not a single bank merger application was formally rejected by the Federal Reserve,” Waters said.
More companies are seeking potential mergers-and-acquisition activity as a way to set up future success.
Adage Capital Management is a Boston-based hedge fund, launched by Phil Gross and Robert Atchinson back in 2001. Both Phil Gross and Robert Atchinson previously worked at Harvard University’s endowment, and their team managed to beat the S&P 500 Index by an average of 4.5 percentage points annually. Considering this success, it comes as no […]
On March 10, 2019, Mellanox entered into an agreement and plan of merger (the “Merger Agreement”) with NVIDIA. Pursuant to the terms of the Merger Agreement, shareholders of Mellanox will receive $125.00 per share in cash (the “Proposed Transaction”). To learn more, visit: https://www.rigrodskylong.com/cases-mellanox-technologies-ltd.
NEW YORK, May 14, 2019 -- Halper Sadeh LLP, a global investor rights law firm, alerts investors to shareholder class action lawsuits against Worldpay, Inc. (NYSE: WP), SunTrust.
ASIA MARKETS Asia Pacific stocks fell Tuesday, on the heels of a 2% drop at the start of the week for U.S. markets. Many indexes bounced off opening lows in early trading, with Japan’s Nikkei cutting its early losses by two-thirds as the trading day ramped up.
The succession plan atop the third-largest Georgia-based bank is complete. United Community Banks Inc.'s (NASDAQ: UCBI) board of directors appointed CEO H. Lynn Harton as the Blairsville, Ga.-based bank's chairman. Thomas Richlovsky, the bank's lead independent director, said the appointment closes the book on an "ongoing management transition at United." "The Board is confident that Lynn, as Chairman and CEO, has the vision and leadership skills to assure that United continues its dedication to quality, profitability, and growth for the benefit of our shareholders, customers, employees, and the communities we serve,” Richlovsky said in a news release.
It's official: WeWork Cos. is coming to downtown Orlando. The New York-based co-working giant plans to open its first Central Florida space in Orlando’s 200 South Orange Avenue building, formerly the SunTrust Center, which is arguably the region's most iconic office building. WeWork will occupy roughly 70,000 square feet, making it one of the biggest office leases to be signed in the urban core in the past year.
New York, May 10, 2019 -- Moody's Investors Service ("Moody's") said today that the review for downgrade of BB&T Corporation's ratings (senior at A2) and the review for upgrade of SunTrust Banks, Inc.'s ratings (senior at Baa1) continues as their pending merger progresses.
CSX Corp. (NYSE: CSX) will continue transitioning operations out of Hulsey Yard, the rail operator confirmed, but stopped short of saying it would begin working with the surrounding neighborhoods on a potential long-term redevelopment of the site. Hulsey Yard is one of intown Atlanta’s most closely watched redevelopment opportunities along the Atlanta BeltLine Eastside Trail and DeKalb Avenue. “Our immediate plans are to safely secure the Hulsey terminal as we determine the best use for the property,” Sheriee Bowman, a spokesperson for the company, said in an email.
The effort will target neighborhoods that could experience "significant gentrification" over the next decade.
AdventHealth just completed one expansion and announced the start of another as part of its growing Central Florida footprint. The 269-bed AdventHealth Waterman on May 3 opened the first phase of a $74 million, 111,000-square-foot expansion. The phase included an enlargement of the emergency department as well as a 24-bed women and children’s unit that will provide services such as gynecology, labor and delivery, postpartum care and inpatient pediatrics, said AdventHealth Waterman CEO Abel Biri. "Part of the original design was several curtained rooms, which did not allow for privacy at times and was not big enough for the care team, emergent patients who might require more care members and emergency department patients who usually have families there," Biri said.
ATLANTA , May 8, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announced that it will make a $10 million equity investment in JBG SMITH's Washington Housing Initiative Impact Pool. The Initiative ...
Launched almost a year ago, JBG Smith's initiative aims to create a investment pool of $100 to $150 million.
SunTrust Banks Inc NYSE:STIView full report here! Summary * Perception of the company's creditworthiness is neutral * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is expanding 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 | NegativeETF activity is negative and may be weakening. The net inflows of $3.29 billion over the last one-month into ETFs that hold STI are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. 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.
The opening comes ahead of SunTrust’s $66 billion merger with North Carolina super-regional bank BB&T; Corp.
ATLANTA , May 6, 2019 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) announces a new Private Wealth Management office in Boston . The expansion allows SunTrust to broaden its wealth management presence ...
NEW YORK, NY / ACCESSWIRE / May 3, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...