Jefferies Updates Numbers on SunTrust Banks (STI); Wash it Down with a Coke
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
SunTrust Banks (STI) Announces Actions to Improve Profile & Balance Sheet
September 6, 2012 4:16 PM EDTSunTrust Banks, Inc. (NYSE: STI) announced a series of actions in the third quarter 2012 that better position the Company for the future.
STI accelerated the termination of the agreements regarding the shares owned in The Coca-Cola Company (NYSE:... More
SunTrust Banks (STI) Announces New Capital Actions; Will Sell Coca-Cola Shares, Transfer $3B of Loans
September 6, 2012 4:16 PM EDTSunTrust Banks, Inc. (NYSE: STI) today announced a series of actions in the third quarter 2012 that better position the Company for the future.
Summary of ActionsSunTrust accelerated the termination of the agreements regarding the shares owned in The Coca-Cola Company. This will generate a third quarter pre-tax gain of approximately $1.9 billion.
In light of ongoing discussions with Fannie Mae and Freddie Mac, the Company expects to record an estimated $375 million mortgage repurchase provision during the quarter. This action increases the mortgage repurchase reserve to a level that is... More
Compass Point on Banks: Private Label Lawsuit Filed...See Continued Issue (C, GS, UBS, BAC, WFC, JPM, STI, HRB, FHN)
September 6, 2012 2:23 PM EDTCompass Point on Banks: Private Label Lawsuit Filed...See Continued Issue
Analyst, Kevin Barker, said, "Bloomberg published an article last night discussing yet another private label reps/warrants lawsuit that was filed against CitiGroup (NYSE: C)(NotCovered), Goldman Sachs (NYSE:... More
JPMorgan Upgrades SunTrust Banks (STI) to Overweight
September 6, 2012 6:58 AM EDTJPMorgan upgraded SunTrust Banks (NYSE: STI) from Neutral to Overweight.
For an analyst ratings summary and ratings history on SunTrust Banks click here. For more ratings news on SunTrust Banks click here.
Shares of SunTrust Banks closed at $25.45 yesterday, with a 52 week range of $15.79-$25.76.... More
