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.
Analysts'
Recommendation: | Hold |
| 30 Days Ago: | Hold |
|
| Analysts' Target: | $47 |
| Analysts' Targets |
| UBS Securities | $38 |
| |
Friday, August 22, 2008
|
| Ladenburg, Thalmann | $47 |
| Neutral |
Thursday, July 24, 2008
|
| Friedman, Billings, Ramsey & C | $32 |
| Hold |
Wednesday, July 23, 2008
|
| Lehman Brothers | $44 |
| Underweight |
Wednesday, July 23, 2008
|
| Robert W. Baird & Co. | $50 |
| Neutral |
Wednesday, July 23, 2008
|
| Keefe Bruyette & Woods | $55 |
| Accumulate |
Wednesday, April 23, 2008
|
| Deutsche Bank Securities | $52 |
| Neutral |
Wednesday, April 23, 2008
|
| Punk, Ziegel & Company | $57 |
| Mkt Perform |
| Wednesday, April 23, 2008 |
$43.12 (09/03/08)
