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 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.

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.

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

They're a good bank

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.

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.

GOOD DIVESFIELD COMPANY

Regional Banks stocks will experience long term growth once the election is over and the bailout has time to work. SunTrust has kept a low key profile in all this mess and I believe this will work to their advantage in the long term.

Of course they could also be a target for takeover which makes them a good risk for the short term should someone like Citi try and aquire them for their deep south presents.

SunTrust Banks, Inc. (Nyse:STI)

I believe that America is over saturated with banks. If you look to the north, south if you reside in Alaska, or northeast from Hawaii. Canada has 5 major banks and here in the U.S. over 10 major banks plus many more regional banks. Canada has a good banking system because Bank of Canada regulates the operations of the banks.

I believe that the U.S. Government is in the right step in spending $250,000,000,000 in owning shares in U.S. Banks, that way they can partially regulate banks operations. They should also reduce the number of banks in the U.S. by merging, acquiring, or let the weaker banks to dissolve.

Profile

SunTrust Banks Inc.

303 Peachtree Street NE

Atlanta, GA 30308

United States - Map

Phone: 404-588-7711

Fax: 404-827-6173

Web Site: www.suntrust.com

DETAILS

Index Membership: S&P 500

S&P 1500 Super Comp

Sector: Financial

Industry: Money Center Banks

Full Time Employees: 31,602

BUSINESS SUMMARY

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank, which provides various financial services to consumer and corporate customers in the United States. The company offers various deposit products, including NOW accounts, money market accounts, savings accounts, consumer time, brokered deposits, and foreign deposits; and loans, such as real estate 1-4 family loans, real estate construction loans, real estate commercial loans, and real estate home equity lines. It provides commercial lending; financial risk management; and treasury and payment solutions, including commercial card services for diversified commercial, commercial real estate, and government/not-for-profit entities. The company also offers investment banking products and services, including mergers and acquisitions services, capital raising in debt and equity markets, financial risk management, asset securitization, and market making in cash securities and derivative instruments for various sectors, such as consumer and retail; financial services; and technology, energy, healthcare, and industrials. In addition, it provides residential mortgage products through its retail, broker, and correspondent channels; wealth management products and professional services; professional investment management and trust services; discount/online and brokerage services; and office solutions to high net worth individuals and their families. Further, the company operates as an investment advisor; offers administration and custody services, endowment and foundation services, and corporate agency services; and provides investment securities portfolio, long-term debt, derivative instruments, short-term liquidity and funding activities, and balance sheet risk management, as well as credit-related insurance, securities brokerage, and capital market services. As of December 31, 2007, it operated 1,682 full-service banking offices. The company was founded in 1891 and is headquartered in Atlanta, Georgia.

***All above information from YAHOO FINANCE***

* $700,000,000,000 plus $100,000,000,000 rescue package

* Signed U.S. Law to rescue U.S. Banks

* U.S. Government or American Taxpayers own stakes(shares) of U.S. Banks ($250,000,000,000 of $800,000,000,000)

* Rules making it tougher for borrowers to file bankruptcy

* Increased insured bank deposits from $100,000 to $250,000

* Promise ease of credit lending to good small to medium businesses

* Promise to buy up mortgage loans

* Promise to keep American Banking System from collapsing

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