65.74 0.00 (0.00%)
After hours: 4:18PM EDT
|Bid||63.04 x 1000|
|Ask||65.74 x 800|
|Day's Range||63.30 - 65.93|
|52 Week Range||46.05 - 75.08|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||11.53|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||2.00 (3.13%)|
|1y Target Est||69.30|
Loan growth, higher mortgage banking income and relatively higher rates support BB&T's (BBT) Q2 earnings. However, higher costs and a modest decline in deposits are undermining factors.
SunTrust (STI) witnesses higher revenues in the second quarter of 2019. Yet, higher expenses and rise in provisions hurt results.
Solid Core Business Results: Healthy Loan Growth, Improved Fee Income, Continued Expense Management, and Strong Credit Quality Higher Funding Costs and Declining Interest Rates Negatively Impact NIM Planned ...
Investing.com - SunTrust Banks (NYSE:STI) reported second quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
SunTrust Banks (STI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
M&T Bank's (MTB) Q2 results might benefit from increase in refinancing activities during the quarter, partially offset by higher expenses.
The banks, which will be called Truist Bank after the merger, plans to focus on affordable housing, small business and financial wellness.
Offit Kurman eyes future expansion in the Southeast into places like Nashville, Tennessee and Atlanta.
Despite relatively stable fee income, a dismal lending scenario along with increase in the possibility of a rate cut is likely to hurt SunTrust's (STI) second-quarter 2019 earnings.
The co-working company, known for its lavish office spaces, also plans to build an internal staircase.
Asian markets bounced back in early trading Monday, as China posted its weakest quarterly GDP growth in at least 27 years.
Traders this week will have plenty to sink their teeth into, between the start to second-quarter earnings season, hearings on Facebook’s controversial new cryptocurrency project and Amazon’s Prime Day extravaganza.
Lingering geopolitical concerns, trade jitters and muted loan growth are expected to hurt major banks' Q2 earnings. But there are a few stocks in the industry that are likely outperform their peers.
In a reversal in trend, Wells Fargo's (WFC) mortgage banking performance is projected to improve in the April-June quarter. However, ongoing litigation hassles may escalate the bank's expenses.
SunTrust (STI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SunTrust is the latest high-profile financial institution to decide that, on second thought, they’d rather not be associated with private prisons, announcing that it will no longer provide financing for companies that manage private prisons and immigration holding facilities. This news follows a recent move by Bank of America to cut ties with the controversial industry, as well as similar divestments from JPMorgan Chase & Co. and Wells Fargo. Breaking Free Activists, immigration lawyers, and politicians such as Senator and Presidential candidate Elizabeth Warren and Representative Alexandria Ocasio-Cortez have not been shy about criticizing the private prison industry, and last week’s news about massive overcrowding and human rights abuses at detention centers was hard to miss. Axios recently reported on the serious, and perhaps irreparable, mental health damage to children kept in the centers. It seems clear a tipping point has been reached on the issue in the public’s mind. Fall Out Shares of the two biggest for-profit prison companies, Geo Group Inc. and CoreCivic Inc., have fallen more than 13% since mid-June. And the hits keep coming, as Warren has pledged that she would end federal contracts with the prison operators. Don’t be surprised if the rest of the Democratic candidates start making similar pledges. -Michael Tedder Photo: ADOBE
KNOXVILLE, Tenn., July 9, 2019 /PRNewswire/ -- The SunTrust Foundation announced today a $275,000 grant to the YMCA of East Tennessee to expand its youth development programs that focus on financial wellness, academics, leadership and well-being. On behalf of the SunTrust Foundation, Harry Gross, SunTrust Bank Knoxville market president, presented Jim Dickson, CEO of YMCA of East Tennessee, with the grant at a special event Tuesday, July 9, at West Side Family YMCA in Knoxville.
SunTrust Banks Inc NYSE:STIView full report here! Summary * Perception of the company's creditworthiness is positive * 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. The net inflows of $3.07 billion over the last one-month into ETFs that hold STI are not among the highest of the last year and have been slowing. 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 | PositiveThe current level displays a positive indicator. STI credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.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.
SunTrust (STI) decides to quit providing finance to the companies that run private prisons and detention centers in the United States, after judging its riskiness.
SunTrust Banks Inc will stop financing operators of private prisons and immigration holding facilities, it said on Monday, becoming the latest lender to distance itself from a sector associated with the Trump administration's policies. In 2018 lenders including Bank of America Corp and Wells Fargo & Co raised roughly $1.8 billion in three deals for CoreCivic and GEO Group, according to Refinitiv data. Banks have been under pressure to cut ties with the private prison industry since U.S. President Donald Trump's restrictions on immigration raised concerns about detention center conditions.