STI SunTrust Banks
- Price as of: Dec 19, 10:24 PM EST
- Money center banks
STI Stock Dividend DataAdd STI to Watchlist
STI Daily Snapshot
- Quote Time:
- Dec 19, 10:24 PM
- Today's Volume:
- Open Price:
- Day's Range:
- $41.69 - $42.13
- Previous Close:
- 52 Week Low / High:
- $33.97 - $42.13
- Percent Off 52 Week High:
STI Dividend Growth History
Last 5 Yrs
Last 3 Yrs
|Reveal More Dividend Growth History for STI||106.1%||75.0%||1 year|
STI Dividend History
|Payout Amount||Declared Date||Ex-Dividend Date||Record Date||Pay Date ▼||Qualified Dividend?||Payout Type||Frequency|
STI Company Profile
This company operates as the holding company for SunTrust Bank, which provides various financial services in the United States. The companys Retail Banking segment offers consumer deposits, home equity lines, consumer lines, indirect auto, student lending, bank card, and other consumer loan and fee-based products. Its Diversified Commercial Banking segment provides commercial lending, financial risk management, capital raising, commercial card, and other treasury and payment solutions; insurance premium financing; and equipment and lease financing. The companys Commercial Real Estate segment offers construction, mini-perm, and permanent real estate financing; capital raising services; financial risk management; treasury and payment solutions; and investment advisory and management services, as well as tailored financing and equity investment solutions. Its Corporate and Investment Banking segment provides investment banking products and services, such as strategic advice, capital raising, and financial risk management; and traditional lending, leasing, treasury management, and institutional investment management services. The companys Mortgage segment offers residential mortgage products. Its Wealth and Investment Management segment provides brokerage, professional investment management, and trust services; family office solutions; administration and custody services; administrative and investment solutions; escrow; and investment advisory services. The company also offers mortgage banking, credit-related insurance, asset management, securities brokerage, and capital market services. SunTrust Banks, Inc. serves individuals and families; businesses; institutions; and governmental agencies through its network of traditional and in-store branches, automated teller machines, Internet, and telephone. As of December 31, 2011, the company operated 1,659 full-service banking offices. The company was founded in 1891 and is headquartered in Atlanta, Georgia.
SunTrust Banks News
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SunTrust Q3 Profits Fall 82%; Misses Estimates (STI)Oct 18, 2013Financial services company SunTrust Banks, Inc. (STI) reported significantly lower Q3 earnings on Thursday, which missed analysts estimates. The Atlanta, GA based company reported third quarter earnings of $179 million, or 33 cents per share, down 82% from $1.07 billion, or $1.98 per share a year ago. The latest quarter was negatively affected by settlement charges, while the prior year was positively impacted by balance sheet actions. Excluding special items, earnings were $358 million, or 66 cents per share, up from $314 million, or 58 cents per share in the third quarter of 2012. On average, analysts expected to see earnings of 69 cents per share. Revenue fell to $1.92 billion, from $3.84 billion last year. Analysts expected to see revenue of $2.07 billion. Net interest income was $1.24 billion, down from $1.30 billion a year ago. Net interest margin was 3.19%, down from 3.38% last year. Noninterest income fell to $680 million from $2.54 billion a year ago. SunTrust Banks shares were mostly flat during premarket trading Friday. The stock is up 20% YTD.Expand to read the full story
Compass Points Upgrades SunTrust to "Buy" (STI)Sep 12, 2013On Thursday, financial services company SunTrust Banks, Inc. (STI) was upgraded to "Buy" at Compass Point. The firm raised its rating on STI from "Neutral" to "Buy," and has given the company a $38 price target. This price target suggests a 12% upside from the stock's current price of $33.26. Analyst Kevin Barker commented: "We believe these headwinds are already priced into the stock and the bank stands to be one of the biggest beneficiaries of a pickup in CRE and residential lending." "In addition, we believe the company is getting very little credit for cost save initiatives and would screen as being more asset sensitive if it were to let its swap portfolio run-off. Add in the potential for significant capital return following the March 2014 CCAR and we believe STI is setting up to outperform in the next year," added the analyst. SunTrust shares were up 15 cents, or 0.45%, during pre-market trading Thursday. The stock is up 17% YTD.Expand to read the full story
The Bottom LineShares of SunTrust Banks, Inc. (STI) have a 1.20% yield based on Wednesday's closing price of $33.26. SunTrust Banks, Inc. (STI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
Deutsche Bank Upgrades SunTrust Banks to "Buy" (STI)Sep 6, 2013Early on Friday, analysts at Deutsche Bank upgraded financial services firm SunTrust Banks, Inc. (STI) due to its potential EPS upside as the housing market continues to recover. The analysts upgraded STI from "Hold" to "Buy" and now see shares reaching $39, up from the previous target of $36. This price target suggests about a 20% upside to the stocks' Thursday closing price of $32.55. "Our upgrade reflects the potential for EPS upside over time from a continued recovery in housing--which should result in better than expected trends in credit and expenses," Deutsche Bank analyst Matt O'Connor said. "While mgmt has pointed to expense leverage from lower environmental costs/operating losses, the benefit of declining default staff- related costs has not been quantified. We estimate this opportunity is worth $150m or $0.20 per share and is not reflected in consensus estimates. We are raising our 2015E to $3.46 (vs. FC of $3.24) to account for this." O'Connor added, "Our upgrade reflects this opportunity, the recent 8% decline in the stock (vs. -5% for peers) and the stock trading at 9x our 2015E (a 15% discount vs. peers)." SunTrust shares were up $1.29, or 3.96%, during pre-market trading on Friday. The stock is up 14.81% year-to-date. The Bottom Line Shares of SunTrust Banks (STI) offer a dividend yield of 1.23% based on Thursday's closing price of $32.55 and the company's annualized dividend payout of 40 cents per share. SunTrust Banks, Inc. (STI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
Drexel Hamilton Upgrades SunTrust Banks to "Buy" (STI)Aug 15, 2013On Thursday, Drexel Hamilton upgraded financial services company SunTrust Banks, Inc. (STI) , saying that the company is likely to increase capital distributions. The analysts upgraded STI from "Hold" to "Buy" and see shares reaching $40. This price target suggests a 14% upside to the stock's Wednesday closing price of $34.98. SunTrust shares were down 47 cents, or 1.34%, during morning trading on Thursday. The stock is up 21.37% year-to-date. The Bottom Line Shares of SunTrust (STI) offer a dividend yield of 1.16% based on Thursday's intraday trading price of $34.69 and the company's annualized dividend payout of 40 cents per share. SunTrust Banks, Inc. (STI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
SunTrust Q2 Earnings Surge 35%, Beating Estimates; Revenue Still Misses (STI)Jul 19, 2013On Friday, commercial banking company SunTrust Banks, Inc. (STI) reported a 35% increase in its second quarter earnings, noting that lower expenses and improved credit quality helped raise profits. The Atlanta, GA based company reported second quarter earnings of $365 million, or 68 cents per share, up from $270 million, or 50 cents per share a year ago. On average, analysts expected to see earnings of 67 cents per share. Total revenue rose 7% to $2.10 billion, missing the average estimate of $2.16 billion. The decline in revenue was primarily a result of lower net interest income, mortgage revenue and trading income. William Rogers, STI's chairman and CEO noted, "improving economic conditions are now starting to create a more favorable operating environment, particularly in our markets, and we remain focused on executing against our strategic priorities to help generate future opportunities for SunTrust." SunTrust shares were up 17 cents, or 0.50% during Friday morning trading. The stock is up 23% YTD. The Bottom Line Shares of SunTrust Banks, Inc. (STI) have a 1.17% yield, based on Thursday's closing price of $34.30. SunTrust Banks, Inc. (STI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
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