SunTrust Banks, Inc. (STI)
A commercial banking organizations and a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate customers.
Recs
Prodders
(< 20)
Submitted: 10/6/2009 9:47:50 AM :
Start Price:
$22.40
STI Score:
+4.37
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.
Recs
Paramnesia1930
(97.38)
Submitted: 9/2/2009 7:49:02 PM :
Start Price:
$20.62
STI Score:
+1.38
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.
Recs
sumbawa
(30.36)
Submitted: 7/15/2009 3:02:15 PM :
Start Price:
$16.29
STI Score:
-19.00
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.
Recs
sohmah42
(48.78)
Submitted: 6/2/2009 3:06:22 PM :
Start Price:
$15.97
STI Score:
-23.86
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 .
Recs
wolfhounds
(< 20)
Submitted: 3/30/2009 9:48:57 AM :
Start Price:
$11.33
STI Score:
-50.66
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.
Recs
Cellarhold
(< 20)
Submitted: 1/31/2009 3:45:07 AM :
Start Price:
$12.02
STI Score:
-49.76
This bank is likely going to end up being forced to merge like NCC as I believe they deeper problems that will be exposed.
Recs
unstoppablepeon
(< 20)
Submitted: 10/27/2008 12:21:11 AM :
Start Price:
$31.96
STI Score:
+61.08
bank
Recs
gunark
(93.16)
Submitted: 10/9/2008 5:03:15 PM :
Start Price:
$30.41
STI Score:
+57.07
This one has a decent chance of collapsing, regardless of government bailout.
Recs
stockblog
(88.55)
Submitted: 9/30/2008 5:13:49 AM :
Start Price:
$40.29
STI Score:
+44.12
The Fear Trade: Investors Pile into Gold and Treasuries
The Dow suffered its biggest one-day point drop in history (although not even close on a percentage loss basis) as investors moved out of stocks into traditional safe havens such as Treasuries and gold (GLD). The failure of Congress to approve the $700B bailout package stunned investors as lawmakers worked through the weekend and practically around the clock to put together a plan that was widely expected to pass. The Senate will return Wednesday night while the House meets again this Thursday following the Jewish New Year holiday recession.
In other signs of worry over a worsening global economic recession, the U.S. Oil Fund (USO) lost more than 10%, the Baltic Dry Index slipped to multi-year lows, the iShares Emerging Markets Index (EEM) was down over 11%, and the Market Vectors Steel ETF (SLX) was down over 16%. Very few stocks closed in the green today, but among stocks that I track BioSante Pharma (BPAX) surged by over 16% on over four times its average volume without any news releases to account for the move.
I plan to focus on the small and micro-cap biotech space since these companies trade in their own universe for the most part based on their clinical development activities regardless of the economy. I own shares of Cytori Therapeutics (CYTX), which had a mid-day surge in the midst of the market sell-off, but still ended the day in the red on light volume. Overall, I am still very cautious on the market and will keep most of my money in cash until the market stabilizes as the velocity of today's downturn around mid-day was unsettling.
Recs
gaiachild
(95.69)
Submitted: 8/19/2008 12:36:46 AM :
Start Price:
$38.83
STI Score:
+31.74
spec bear
Recs
Recs
iGetMoney8
(92.57)
Submitted: 6/4/2008 8:55:33 PM :
Start Price:
$46.83
STI Score:
+34.77
Abandon ship!
Recs
xtaw63y
(55.08)
Submitted: 4/16/2008 1:31:42 PM :
Start Price:
$48.92
STI Score:
+38.81
they will underperform then regain composure after the mortgage crisis and economy strenthgens.
Recs
grammatoncleric
(67.22)
Submitted: 2/15/2008 12:30:26 AM :
Start Price:
$58.23
STI Score:
+47.29
banking
Recs
glenvar
(46.13)
Submitted: 12/7/2007 3:18:43 PM :
Start Price:
$64.47
STI Score:
+41.97
SunTrust was a leading issuer of CLO and CDO product. Those loans are coming back to bite them in the rear. They have a market leading position in all of their markets, but their management is not up to the task.
Recs
efrichjr
(22.65)
Submitted: 11/16/2007 8:53:47 AM :
Start Price:
$63.06
STI Score:
+43.76
South fl realestate, growth will slow
Recs
ceatlanta
(< 20)
Submitted: 10/31/2007 3:32:01 PM :
Start Price:
$66.27
STI Score:
+41.38
Poor management. Running out all the good revenue generators.Employee morale is pathetic
Recs
JimAnt
(32.51)
Submitted: 4/24/2007 1:01:11 PM :
Start Price:
$74.60
STI Score:
+49.14
Lackluster management. Midrange price. Will underpreform the S&P500 long-term.
Recs
silverfxst02
(< 20)
Submitted: 4/6/2007 11:59:39 PM :
Start Price:
$72.96
STI Score:
+50.30
SunTrust has some failed Mortgage woes, just raised their rates on Portfolio Management, and it is difficult to get any business done with them unless there's a SunTrust next door! Personal Experience. Left Hand doesn't know what Right Hand is doing! Worse than POOR Customer Service. Only a takeover might help them outperform!!
Recs
NetscribeBanking
(95.57)
Submitted: 12/19/2006 9:34:16 AM :
Start Price:
$75.06
STI Score:
+53.49
SunTrust Bank, headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients. As of September 30, 2006, SunTrust had total assets of $183.1 billion and total deposits of $124.4 billion.
The recent announcement that James Wells would replace Phillip Humann as CEO comes as a surprise to many. The decision may be the result of the pressure arising out of poor performance of the bank compared to its peers. Moreover, Jim Wells, who is 60 years old and just five years away from the mandatory retirement age, doesn’t seem to be a long-term solution. However, the announcement has made it clear that the bank is not for sale as speculated.
The net interest margin decreased 21 basis points to 2.93% over the same during the previous quarter. This is attributed to decline in low cost deposits and overall shift in the deposit mix to higher cost certificates of deposit. After much struggle and reorganization, the bank has reached the set target tier I capital ratio of 7.5% for Basel compliance with the required core capital. Even after National Commerce acquisition, it is scouting for more instead of focusing on the existing franchise and increasing the operating performance. The operations of the bank are largely concentrated on the southeastern states, which are prone to flooding and hurricanes. Over the past 18 months, the bank has divested its factoring, stock transfer, trustee businesses and other non-profitable ventures. Apart from this, it has also done a security and loan portfolio restructuring selling $3 billion in mortgage and student loans.
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