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Stock Market & Financial Investment News

News Breaks
January 10, 2014
06:43 EDTSTISunTrust upgraded to Conviction Buy from Buy at Goldman
Goldman added SunTrust to the Conviction Buy List based on expectations for improved efficiency from mortgage restructuring, lower costs, and improving capital returns and resi charge-offs. Shares remain Buy rated with a $45 price target.
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September 9, 2014
11:22 EDTSTISunTrust sees modest decline potential in cyclical costs, other expenses
Says committed to maintaining strong expense discipline. Says that there is potential for modest declines in cyclical costs and other credit-related expenses. Believes company's size is an advantage. In terms of the company's consumer banking and private wealth management area, it looks to grow wealth management, optimize the delivery model, increase consumer lending production and continue to improve retail productivity. Says that there is further potential in improving the company's overall return profile and capital return to shareholders. Comments take from the company's slide presentation at the Barclays 2014 Global Financial Services Conference.
September 8, 2014
07:24 EDTSTIBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.

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