BNET Industries
SunTrust Banks Inc. (STI) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $13.4B
- Profit
- Dec 31 2007
- $1.6B
- Market Cap
- Jul 22 2008
- $14.0B
Latest News and Analysis
Analysts Divided on SunTrust Banks' Capital Position
By Adveith Nair BANGALORE (Reuters) - Analysts were divided on the capital position of SunTrust Banks Inc STI, after the U.S. southeast regional bank on Tuesday said it will bolster capital by unloading a big Coca-Cola Co KO stake. While analysts at Robert...
Wachovia, Other U.S. Banks Post Dismal Results
By Jonathan Stempel NEW YORK (Reuters) - Wachovia Corp WB and Washington Mutual Inc WM led several large U.S. banks in posting weak second-quarter results on Tuesday, hurt by soaring losses from mortgages and other debt. Wachovia reported a $8.86 billion loss, while...
SunTrust Banks Inc. Q2 2008 Earnings Call Transcript
SunTrust Banks Inc. STI Q2 2008 Earnings Call
SunTrust Q2 Profit Falls, Sells Coke Shares
NEW YORK (Reuters) - SunTrust Banks Inc STI, a large U.S. southeast regional bank, said on Tuesday second-quarter profit declined, hurt by higher credit costs. Net income available to common stockholders for the Atlanta-based company fell to $535.3 million, or $1.53 per ...
Earnings Preview: SunTrust Banks
SunTrust STI is expected to report Q2 earnings before market open Tuesday, July 22, with a conference call scheduled for 8:00 am ET. Guidance Analysts are looking for EPS of 64c on revenue of $2.13B. The consensus range for EPS is 37c to $1.03, while the consensus range for revenue...
A 'Buy the Loser' Rally
Hickey and Walters Bespoke submit: If you didn't own the dregs of the S&P 500 going into the rally that started last Wednesday, chances are you have underperformed over the last few days. We broke the S&P 500 into deciles (50 stocks in each decile) based on stock...
The Facts Behind the Coming Congressional Mortgage Bailout Bill
Stan Muse submits: Normal 0 false false false ...
Stocks Eye Banks, Short-sale Rule
By Deborah Jian Lee NEW YORK (Reuters) - In the heart of earnings season, stock market investors will scrutinize a raft of regional bank earnings this week for more write-offs that could send the market tumbling. The S&P 500 and the Nasdaq snapped...
Barron's Goes Bullish on Banks, Again
For the second time this year, Barron's cover story goes bullish on financials. S&P financials are down 43% over the last 12 months, even after major bull runs on Wednesday and Thursday. More than $1T in market value has disappeared, and the once mighty sector now boasts...
Bank Executive Compensation and the Bailout
Richard Shaw QVM Group submits: Executive compensation is a difficult issue. Although we grant that the challenge in designing a reasonable system that works in all seasons is daunting, in the net we come down on the side that the compensation is too often too great. We believe...
Top 10 Ways to Spot a Run on Your Bank
By Dylan Jovine A funny thing happened on the way to the bank yesterday. by Tycoon Report
Next Week Is a Big One for Bank Reports
Richard Shaw QVM Group submits: The next seven days will see most of the banks in the KBW large bank index KBE reporting. That should be an interesting time with all the news and gyrations of the past few days. Here is a list of the members of...
Regional Bank Collapse: No Moral Hazard Here
Brett Steenbarger submits: The charts above show price changes for the S&P 500 Index SPY and seven major regional banks: Bank of America...
Shorting SunTrust Banks Before Earnings
Steve Patterson submits: After reaching a new 52 week low on Monday, SunTrust Banks STI jumped 10% along with all financials on Tuesday but returned to its selling pattern on Wednesday, falling 5%. Construction Loans by Steve Patterson
U.S. Bank Earnings Fraught With Pain, Uncertainty
By Jonathan Stempel NEW YORK (Reuters) - U.S. banks will unleash a tide of poor quarterly results over the next two weeks, yet investors may choose to focus instead on when a recovery might be at hand and how much more capital raising...
Dividend Yields Soar
Hickey and Walters Bespoke submit: After yesterday's severe declines in the Financial sector, the indicated dividend yields on many of these companies have become laughable. Bank of America yielding 11.6%! Wachovia yielding 10.5%! Many of these dividends are going to have to be cut for these companies to...
U.S. Bank Dividend Yields Revisited
The Sun submits: Last November, shortly after the Dow peaked at 14,280 points, I had a post on dividend yields of the largest banks in the country. At that time, I thought that, with many bank stocks yielding 6.0% or more, buying banks made some sense if the banks...
JP Morgan Offer for Wachovia Makes Sense
Todd Sullivan submits: This rumor makes a whole lot more sense than the previous one.The latest rumor has Jamie Dimon and JP Morgan JPM making an offer for Wachovia WB. The deal makes sense for a couple reasons. Unlike Bear Stearns BSC, Wachovia is a bank with investor deposits....
New Lender Guidelines To Help Struggling Homeowners
Ron Haruni submits: Blindsided by the number of loans that have already gone bad, top mortgage lenders - according to a WSJ report - have reached a major agreement on new guidelines to improve and speed up the industry’s voluntary efforts to help struggling homeowners. While lax lending policies have...
Goldman Sachs Raids the Cookie Jar
Saul Sterman submits: There was an interesting note put out by Goldman Sachs GS on Thursday evening (6/12/08) wherein GS claimed that Keycorp KEY was in good company and that several other banks would follow suit. As we all know, Keycorp cut its dividend by 50% to...
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- Incorporated: 1985
- CEO: Mr. James M. Wells III
- Employees: 32,323
SunTrust Banks is a financial services holding company. Through its SunTrust Bank subsidiary, Co. provides deposit, credit, and trust and investment services. Through its other subsidiaries, Co. provides banking, asset management, securities' brokerage, capital market services and credit-related insurance. Co. operates mainly within Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. Co. conducted its businesses through five segments: Retail, Commercial, Corporate and Investment Banking, Mortgage, and Wealth and Investment Management. As of Dec 31 2007, Co. had total assets of $179.6 billion and total deposits of $117.8 billion.
Key Competitors
SunTrust Banks Inc. Company Info
Board of Directors
Mr. L. Phillip Humann
Chairman
Mr. Alston D. Correll
Mr. David H. Hughes
Mr. G. Gilmer Minor III
Ms. Patricia C. Frist
Mr. Blake P. Garrett Jr.
Mr. M. Douglas Ivester
Ms. Karen Hastie Williams
Mr. William R. Reed Jr.
Vice-Chairman
Mr. James M. Wells III
Mr. Robert M. Beall II
Mr. Jeffrey C. Crowe
Mr. J. Hicks Lanier
Mr. Larry L. Prince
Dr. Frank S. Royal M.D.
Dr. Phail Wynn Jr.
Contact Information
303 Peachtree Street, NE
Atlanta, GA
404 588 7711
NAICS Code
Commercial Banking: 522110Brought to you by IBMSponsored Resources
