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Last $42.17 USD
Change Today -0.28 / -0.66%
Volume 4.9M
STI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

suntrust banks inc (STI) Snapshot

Open
$42.26
Previous Close
$42.45
Day High
$42.86
Day Low
$42.16
52 Week High
03/18/15 - $43.23
52 Week Low
10/16/14 - $33.97
Market Cap
22.1B
Average Volume 10 Days
3.7M
EPS TTM
$3.33
Shares Outstanding
524.8M
EX-Date
05/27/15
P/E TM
12.6x
Dividend
$0.96
Dividend Yield
1.90%
Current Stock Chart for SUNTRUST BANKS INC (STI)

suntrust banks inc (STI) Details

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services in the United States. The company operates in three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, as well as various services. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management, as well as lease financing solutions; cash management services and auto dealer financing, as well as corporate insurance premium financing solutions; and construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions. This segment also provides treasury and payment solutions, including operating various electronic and paper payment types, such as card, wire transfer, automated clearing house, check, and cash; and offers clients to manage their accounts online. The Mortgage Banking segment offers residential mortgage products in the secondary market. The company serves individuals and families, businesses, institutions, and governmental agencies through its network of traditional and in-store branches, automated teller machines, Internet, and mobile banking channels. As of December 31, 2014, it operated 1,445 full-service banking offices in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

24,466 Employees
Last Reported Date: 04/20/15
Founded in 1891

suntrust banks inc (STI) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $925.0K
Chief Financial Officer and Corporate Executi...
Total Annual Compensation: $600.0K
Corporate Executive Vice President and Wholes...
Total Annual Compensation: $625.0K
Chief Risk Officer and Corporate Executive Vi...
Total Annual Compensation: $600.0K
Chief Information Officer and Corporate Execu...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2014.

suntrust banks inc (STI) Key Developments

SunTrust Banks, Inc. Declares Quarterly Dividend on Common Stock and Preferred Stock, Payable on 15 June 2015

SunTrust Banks Inc. declared that its board of directors approved a higher common stock dividend of USD 0.24 per share for the quarter, an increase to the dividend of USD 0.20 per share paid in the previous quarter. Additionally, the board authorised quarterly perpetual preferred stock cash dividends of USD 1,022.22 per share on the company's series A stock; USD 1,022.22 per share on the series B stock; USD 1,468.75 per share on series E stock; and a half yearly dividend of USD 3,406.25 per share on the series F stock. The dividends will be paid on 15 June 2015 to shareholders of record at the close of business on 29 May 2015.

GE Reportedly Limits Bidders For Sponsored Finance Business To 12

General Electric Company (NYSE:GE) (GE) has limited the bidders for its unit. Three sources stated that the company has sent out nondisclosure agreements (NDAs) to potential bidders of its sponsored finance business, which includes GE Antares Capital. They added that GE is limiting the field to 12 interested buyers. Part of the sale includes a joint venture between GE has with Ares Management, L.P. (NYSE:ARES), the people said. According to the banker, so far, Apollo Global Management, LLC (NYSE:APO), Ares and Mitsubishi UFJ Financial Group, Inc. (TSE:8306) have signed the NDAs. Two other sources added that Macquarie Group Limited (ASX:MQG) is in talks to partner with Ares to make a bid for GE’s sponsored finance unit. According to the news report, tt’s unclear if Macquarie has signed the NDA. Recently, Bloomberg reported that Apollo, Ares and SunTrust Banks, Inc. (NYSE:STI) were weighing making offers for the GE unit. Citigroup is advising on the deal. First rounds bids are due in May 2015, Bloomberg said. It further added that the unit is likely to fetch more than $10 billion. According to the report, Executives for Apollo, Ares, GE, Macquarie and SunTrust declined comment. Mitsubishi could not be reached for comment.

SunTrust, Apollo, Ares Reportedly Eyeing GE’s Buyout-Lending Unit

Potential suitors are eyeing unit of General Electric Company (NYSE:GE) (GE). Bloomberg reported, citing people with knowledge of the matter as saying that SunTrust Banks, Inc. (NYSE:STI), Apollo Global Management, LLC (NYSE:APO), and Ares Management, L.P. (NYSE:ARES) are considering offers for buying GE’s unit that lends to private-equity firms in the United States. The news report mentioned that GE is working with Citigroup to sell the business, expected to be worth $10 billion. The division is among the $200 billion of assets put up for sale in April 2015. GE is also working with Bank of America Corp on a separate sale process for its European private equity-lending arm, which has about $6 billion in loans, Bloomberg report mentioned. According to the news report, Sue Bishop, a GE Capital spokeswoman, declined to comment. On Monday, Reuters reported that GE is in early-stage talks with Wells Fargo & Company (NYSE:WFC) for selling its $74 billion U.S. commercial lending and leasing portfolio.

 

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Industry Analysis

STI

Industry Average

Valuation STI Industry Range
Price/Earnings 13.0x
Price/Sales 2.8x
Price/Book 1.0x
Price/Cash Flow 12.3x
TEV/Sales NM Not Meaningful
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