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Stock Market & Financial Investment News

News Breaks
August 5, 2014
09:20 EDTSTI, NCRSunTrust appoints Susan Somersille Johnson as Chief Marketing Officer
SunTrust Banks announced that Susan Somersille Johnson will join the company as executive vice president and Chief Marketing Officer effective Aug. 11. She will oversee the company's brand strategy and marketing operations, reporting to CEO William H. Rogers, Jr. Johnson was most recently vice president of Global Marketing for NCR, and previously served as global head of Customer Marketing for Nokia. Prior to that, she held leadership roles in a number of technology organizations.
News For STI;NCR From The Last 14 Days
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February 8, 2016
13:00 EDTNCRNCR volatility elevated into Q4 and outlook
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February 4, 2016
06:51 EDTSTIBofA doesn't deserve to be in 'stock market doghouse,' WSJ says
Bank of America (BAC) is currently in the "stock market doghouse," but doesn't deserve to be, David Reilly of the Wall Street Journal's Ahead of the Tape says. The overall beating of U.S. bank stocks has come amid the greater market selloff, reflecting the fact that slowing growth has brought doubt on the Fed's ability to raise rates in March, Reilly says. Since a rate increase is a far-off prospect, investors have little reason to own bank stocks, though Bank of America's valuation assumes "too dire an outcome," the report says. Banks with international outreach, such as Citi (C), are still arguably further behind in post-crisis cleanup, but Bank of America is more focused on the domestic U.S. economy and prices a U.S. recession as a given, not a possibility, the report says. Other large U.S. banks include Wells Fargo (WFC), JPMorgan (JPM), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB), BB&T (BBT), PNC Financial (PNC), and SunTrust (STI). Reference Link
January 31, 2016
12:33 EDTSTIU.S. banks could return 20% or more, Barron's says
The banking sector looks like "one of the best bargains in the market," Barron's contends in a cover story. Names such as Citi (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS), Morgan Stanley (MS), BB&T (BBT), PNC Financial (PNC), SunTrust (STI) and U.S. Bancorp (USB) are showing healthy balance sheets and could offer "at least" 20% upside, the publication argues, adding that the industry's exposure to the energy sector "looks manageable" given information offered in recent earnings reports and conference calls. Reference Link

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