BNET Industries
Market Cap:$11.3B
Last Fiscal Year Sales:$13.0B
- Public
- US
Dow Jones Description
SunTrust Banks, Inc., with total assets of $179.1 billion on March 31, 2009, is one of the nation?s largest and strongest financial holding companies. Through its banking subsidiaries, the company provides deposit, credit, trust, and investment services to a broad range of retail, business, and institutional clients. Other subsidiaries provide mortgage banking, brokerage, investment management, equipment leasing, and capital market services. Atlanta-based SunTrust enjoys leading market positions in some of the highest growth markets in the United States and also serves clients in selected markets nationally. The company operates 1,694 retail branches and 2,673 ATMs in Alabama, Arkansas, Florida, Georgia, Maryland, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia, and the District of Columbia. In addition, SunTrust provides customers with a full range of technology-based banking channels, including Internet, PC, and Automated Telephone Banking.
Number of Employees 29,333
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Morgan Keegan & Co. maintains SunTrust Banks at 'outperform'
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SunTrust announces quarterly dividend
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BMO Capital Markets Corp. upgrades SunTrust Banks to 'outperform'
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The apparel issue swung to a wider-than-expected third-quarter loss
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BMO Capital Upgrades SunTrust Banks STI to Outperform
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NEWS FROM BAI: SunTrust Piloting Moneta Solution for Internet Payments
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Stocks rise as Ford profit, economic data top estimates
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Bank Stocks Fall on BofA Snag
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Analyst downgrades Fifth Third stock
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A well-known activist investor is stepping down from the Internet company's board
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Banks slip farther, dragging sector down
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HEADLINE STOCKS-Some U.S. stocks on the move on Oct. 26
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Sector Snap: Regional banks slump after downgrades
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Going, going … Worley auctions failed Bradenton banks' fixtures
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BMO Capital Initiates Coverage on SunTrust STI with a Market Perform
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BMO Capital Markets Corp. initiates coverage of SunTrust Banks at 'market perform'
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SunTrust Appoints Willem Hattink EVP, Head Of Private Wealth Management And Institutional Investment Solutions -...
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Chase taps ex-SunTrust executive to head Central Florida operations
News & Analysis
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suntrust banks inc. - All News and Analysis
Berkshire Buys Nestle, Exxon; Ups Wal-Mart Stake
Reuters
- 2009-11-16
By Jonathan StempelNEW YORK (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway Inc BRKaBRKb on Monday revealed new investments in Nestle AG NESN NSRGY and Exxon Mobil Corp XOM and that it has nearly doubled its investment in Wal-Mart Stores Inc WMT.In a U.S. Securities and Exchange Commission filing reporting U.S.-listed...
SunTrust Banks Inc. Q3 2009 Earnings Call Transcript
Seeking Alpha
- 2009-10-22
Question-and-Answer SessionOperator Operator Instructions The first question is from Brian Foran from Goldman Sachs. Brian Foran - Goldman Sachs You mentioned Florida home prices and that you expect them to continue to fall. How much further are you expecting and is the recent improvement Case-Shiller data just a head...
Earnings Preview: SunTrust Banks
Seeking Alpha
- 2009-10-21
SunTrust Banks STI is expected to report Q3 earnings before the market open on Thursday, October 22 with a conference call scheduled for 8 am ET. Guidance Analysts are looking for EPS of (64c) on revenue of $2.11B. The consensus range is (98c)-(39c) for EPS, and $2.02B-$2.19B for revenue,...
SunTrust Seeks to De-TARP
Seeking Alpha
- 2009-09-16
Zacks.com submits: The Chief Executive Officer CEO of SunTrust Banks Inc. STI said on Tuesday that the bank will repay the fund it received for its participation in the Troubled Asset Relief Program (TARP) as soon as it gets the regulator’s permission. The CEO also added that the...
U.S. Regional Banks See Further CRE Pain
Seeking Alpha
- 2009-09-15
Research Recap submits: Both PNC and SunTrust expect a continued sluggish banking environment with specific mounting weakness in commercial real estate. Regional banks addressed their commercial real estate exposure in presentations this morning at BarCap’s Global Financial Services Conference: by Research Recap
Commercial Loan Losses Cast Shadow Over Regional Banks
Seeking Alpha
- 2009-08-12
Research Recap submits: Excerpted from Rising Commercial Loan Losses Cast A Long Shadow Over U.S. Banks Despite some hopeful signs of relief for U.S. banks in second-quarter 2009, the next several quarters likely will continue to be a struggle, especially for small regional institutions, Standard &...
SunTrust Banks Inc. Q2 2009 Earnings Call Transcript
Seeking Alpha
- 2009-07-22
SunTrust Banks Inc. STI Q2 2009 Earnings Call July 22, 2009 8:00 am ET
SunTrust Banks Inc. Q2 2009 Earnings Call Transcript
Seeking Alpha
- 2009-07-22
Question-and-Answer SessionOperator Operator Instructions Your first question comes from Matthew O'Connor – Deutsche Bank. Matthew O'Connor – Deutsche Bank I can appreciate there's a lot of moving pieces in the loan loss reserves in terms of what the real actual level should be and from the details on the...
Regulatory Datapoint of the Day, SEC Edition
Seeking Alpha
- 2009-06-23
Felix Salmon submits: JC makes a very good point in the comments on my blog entry about how new banks are no more likely to succeed than old banks: Why on earth should we think, in that case, that if we tear down the SEC and start again, we’ll...
SunTrust: Latest to Tap the Well
Seeking Alpha
- 2009-05-15
Ockham Research submits: Atlanta-based SunTrust Banks STI is the latest to announce a secondary offering as they plan to sell $1.25 billion worth of common stock. In addition, the company will conserve capital as they slashed their dividend for the fourth time, this time they dropped it 90%...
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