SunTrust Banks, Inc. (STI)

suntrust is a solid bank, hit on the mortgage side, but what bank wasnt, will continue to rise in coming years, and paying the tarp money back is a good sign

The housing / real estate problems haven't just been magically whisked away to a far away land. I think reality begins to bite once more as we get into Q3 and then Q4 earnings in particular.

THE EARNINGS POTENTIAL IS EXTREMY STRONG POST RECESSION.....30% TO 35% UPSIDE BY END OF 4TH QUARTER...THIS IS ONE OF THE FEW BIG FINANCIALS LAGGARDS OF THE BANK RALLY

Mmm...banks...

This account tracks the performance of the investment firm Ruane, Cunniff, and Goldfarb - the investment manager of Sequoia Fund.

Financial stocks carry a P/E ratio of 22.4, and the so-called "recovery" has been especially strong in bank stocks. Therefore, I’m concentrating my shorting interest in the banking sector.

Due to CAPS' scoring eccentricities, STI @ $7 is essentially a buy-and-hold forever proposition. There is absolutely no reason for me to ever end the pick - EVER!

However, this is not necessarily an endorsement of SunTrust as an investment. I believe it is an *alright* buy at $21, but I would not hold it in real life beyond $40 and it's possible that I would end it sooner than that. All the same, I do believe SunTrust is a well-managed bank and they will perform well in the future.

This regional has really put its focus back on the customer. It is gaining market share in the Southeast, growing deposits, and reducing costs. Could be a takeover target for a financial with little to no presence in the Southeast.

Buffett/Berkshire has shares in four banks. When asked at the annual meeting what shape those banks are in, he said three of them are fine. But he wouldn't say which three. Now he is buying shares in all but SunTrust.

The bank has the best footprint in retail banking. It will go up in price either internally or be acquisition.

I am not surprise of the analyst upgrade because the whole market is a ponzy scam, from armagedden to prosperity in three months.

ofcourse we all remember back in february all the analysts on cmbc were saying BAC shares are worthless, now trading @ 11 and the same anaylsts saying is a buy, go figure !!

It is very funny to me how they try so hard with this new word green shoots to convince everyone that things are better , maybe for wall street not for the main street, Not that I am against that but i personaly have had enough of this manipulation of the market .

They're a good bank

As I wrote in my post last summer, my analysis of STI balance sheet and notes to financial statements indicated that potential write offs from all classes of assets (including those not required by FASB) were about $30B. STI management had stated the number was $6B and the stock recovered to the mid 30's along with other banks. I have no doubt when the stress test list is announced STI will not be a stock any Fool wants to own.

While I would normally not put any stock into bank stocks. I believe Suntrust has a strong foundation giving it the support it needs.

No one has an explanation as to why this bank is so sukky, except that it's a bank. I think that that any profitable company trading at a discount of this size mandates further scrutiny. Either its a hell of a deal, or there are significant transparency issues. The real issue is just how much bad paper do they carry, and how much of book are any artificially inflated foreclosures. everyone keeps waiting for the hammer to fall and knock STI out, but time is almost up. If no dread news is forthcoming soon, STI will be among the first of the regionals to rebound with a generous helping hand from Uncle.

This bank is likely going to end up being forced to merge like NCC as I believe they deeper problems that will be exposed.

Wow, 14.14 a share, did they just buy Merryl Lynch or something?

valuation

This is a solid bank with offices in solid markets regadless what the boys in NY say.