64.22 0.00 (0.00%)
After hours: 4:56PM EDT
|Bid||63.93 x 800|
|Ask||64.23 x 1400|
|Day's Range||64.04 - 64.85|
|52 Week Range||46.05 - 75.08|
|Beta (3Y Monthly)||1.56|
|PE Ratio (TTM)||11.27|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||2.00 (3.09%)|
|1y Target Est||69.30|
The merger and acquisitions space is looking strong, topping $40 billion in deals for the first Monday in June, according to recent data. Sal Bruno, Chief Investment Officer at IndexIQ, joins Seana Smith on 'The Ticker' to discuss how this ETF can diversify investor portfolios.
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?
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.
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.
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. SunTrust is one of several banks that have underwritten bonds or syndicated loans for at least one of the major private U.S. prison operators, CoreCivic Inc and GEO Group Inc. 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.
Although it’s only a year old, 3DE – a sister spinoff of Junior Achievement of Georgia – is making inroads in its goal to transform high school education nationally. Jack Harris, president and CEO of 3DE, announced the launch of the new initiative last year – with the ambitious goal of $55 million so it could be in 55 schools across the country within five years. In just one year, 3DE has raised $27.6 million with 90 percent of funding coming from the Atlanta region.
ATLANTA , June 27, 2019 /PRNewswire/ -- Today, SunTrust Banks, Inc. (NYSE: STI) released its 2018 Corporate Responsibility report, highlighting the company's ongoing commitment to corporate responsibility ...
The House Financial Services Committee plans to hold a hearing on July 17 on Facebook Inc.'s Libra cryptocurrency, according to an announcement Monday from the committee's chairwoman, Rep. Maxine Waters. The California Democrat said earlier this month that she wants Facebook to suspend plans for its crypto offering until Congress and regulators are able to study it more closely. The Senate Banking Committee is due to hold a hearing on Libra on July 16. Waters also said her committee will hold a hearing on July 10 on monetary policy, as well as a hearing on July 24 on the merger of SunTrust Banks Inc. and BB&T Corp.
The Federal Reserve releases the Dodd-Frank Act supervisory stress test 2019 (DFAST 2019) results which reflect the stability of the banking system.
Atlanta Braves fans knew a change to their ballpark was on the horizon when North Carolina-based BB&T and Atlanta-based SunTrust announced a merger back in February. Top executives of BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) announced last week that the new merged bank will be called Truist Bank and the combined holding company will be named Truist Financial Corp. Speculation continues to rise now as to what SunTrust Park will soon be officially called. Only two years into a 25-year naming rights deal with SunTrust, the youngest park in Major League Baseball is set for a rebrand behind the new merged bank.
Winston-Salem-based Truliant Federal Credit Union has filed a trademark infringement suit against BB&T; and SunTrust, which last week announced that the combined banks will go by the name Truist.
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.