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This Quarter's Sentiment:
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SocialPicks Community
Worst-ranked financial of 19 rated by US Gov't
STI
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-45.44%
in
191 days
Stress Test results indicated that STI had to raise the most money as compared to it's equity. Looks like the $2.2 bn the gov't wants them to raise compares unfavorably vs the roughly 8 billion in capital, or 28% which is 4% worse than RF's 24% (2.5 bn). The stock has risen more than 100% since before the stress test was revealed by Obama administration, and now trades at close to 70% of book value-- even though book value could be further impaired by future losses. This may sound cheap, if not compared to the just over 30% of book value RF and KEY trade. Also don't like the fact th...
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SunTrust Banks Inc.
STI
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-49.30%
in
444 days
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 commerci...
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Suntrust's neighbour Wachovia has suprise loss
STI
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-28.12%
in
64 days
(closed on 09/08/08)
Wachovia named a new CEO (from Goldman) and his first act was to announce a surprise loss of up to $2.8bn in the second quarter due to credit-related provisions and legal costs. The annoucment was made after the market closed so Suntrust, BBT, Wachovia along with the rest of the financials will likely be hit tomorrow.
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Suntrust's neighbour Wachovia has suprise loss
STI
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-28.12%
in
64 days
(closed on 09/08/08)
Wachovia named a new CEO (from Goldman) and his first act was to announce a surprise loss of up to $2.8bn in the second quarter due to credit-related provisions and legal costs. The annoucment was made after the market closed so Suntrust, BBT, Wachovia along with the rest of the financials will likely be hit tomorrow.
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Short Suntrust Bank, Inc. (STI)
STI
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-57.36%
in
79 days
(closed on 09/18/08)
Some regional and national banks because of further losses tied to loan defaults as banks begin reporting second-quarter results. Credit trends will continue to show deterioration, particularly in residential construction, credit card and home equity
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From the Blogosphere
Zacks Analyst Blog Highlights: JPMorgan Chase, Fifth Third Bancorp, Zions Bancorp, SunTrust Banks and PNC Financial – Press Releases
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For Immediate Release Chicago, IL – November 17, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JPMorgan Chase (JPM), Fifth Third Bancorp (FITB), Zions Bancorp (ZION), SunTrust Banks (STI) and PNC Financial (PNC). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Monday’s Analyst Blog: <><>Ba...
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Company News for November 17, 2009 – Corporate Summary
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• Home Depot (NYSE:HD) topped estimates by a nickel as earnings for the third quarter reached 41 cents, on inline revenues of $16.36 billion, down 8%. Comparable sales fell 6.9%. The company issued 2010 guidance of $1.55, slightly ahead of $1.53 projections. According to the firm, "There is still a great deal of pressure in the housing and home improvement markets, though there are some positive signs of stabilization." • ExxonMobil (NYSE:XOM) shares were upgraded to "overweight" at Barclays Capital (NYSE:BCS) <>• A regulatory filing showed Berkshire Hathaway (NYSE:BRK.A) nearly doubled i<><><>< /><><>< /><>< /><>< />< />...
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Bank Failures Rise to 123 – Analyst Blog
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Regulators shut down 2 banks in Florida and 1 in California; U.S. bank failures reach 123 this year.
U.S. regulators on Friday shuttered two more banks in Florida and one in California. Though there are some early signs of economic recovery, bank failures continue unabated. This takes the total number of bank failures to 123, compared to 25 in 2008 and 3 in 2007.
The weak economy continues to weigh heavily on banks with a stream of loan defaults. As the industry has to tolerate bad loans that were made during the credit explosion, the trouble in the banking system goes even deeper, increa...
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Why Warren Buffett Loves Wells Fargo
<><>I am in the process of putting together a detailed presentation on Wells Fargo (WFC), but I thought it would be useful to understand why Warren Buffett loves Wells Fargo. Wells is the most diversified financial services firm with a leading position in US banking stores, small business lending, mortgage origination, middle market commercial banking, agriculture lending among US banks, commercial real estate brokerage, bank-owned insurance brokerage, banking deposits in the US, debit card issuers, foreign exchange sales, retail brokerage, and wealth management. Wells Fargo has the highest net...
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Zacks Analyst Blog Highlights: JP Morgan Chase, U.S. Bancorp, Zions Bancorp, SunTrust Banks and PNC Financial – Press Releases
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For Immediate Release Chicago, IL – November 10, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JP Morgan Chase (JPM), U.S. Bancorp (USB), Zions Bancorp (ZION), SunTrust Banks (STI) and PNC Financial (PNC). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513 Here are highlights from Monday’s Analyst Blog: <><>Bank Fail...
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wlu8140
(-12.42% risk: conservative)
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where do we go from here
- The S&P has now broken the low of 6/12/06, 1219.29. The next stop is 1168.20 of 10/10/05. The Dow and the Nasdaq are in similar situations. I origanall...
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More Resources
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About SunTrust Banks Inc.
- Answers.com
