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Stock Market & Financial Investment News

News Breaks
July 3, 2014
13:35 EDTSTISunTrust announces agreement to resolve HAMP mortgage claims
SunTrust Banks announced that the United States Attorney's Office for the Western District of Virginia and SunTrust Mortgage have reached an agreement resolving claims related to the company's administration of the federal Home Affordable Modification Program, or HAMP. Under the agreement, SunTrust Mortgage is committed to provide $179M in consumer remediation, up to a maximum of $274M, $20M to fund housing counseling for homeowners, $10M paid toward restitution to the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation, and a cash payment of $16M to the U.S. Treasury. The company will incur a $204M pre-tax charge in Q2 as a result of this agreement.
News For STI From The Last 14 Days
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January 16, 2015
08:56 EDTSTISunTrust sees NII 'treading water' around $1.2B level
Sees Q1 NIM down 7-9 bps from present level. Sees FY15 costs $5.2B-$5.3B. Sees y/y improvement in efficiency ratio in 2015.
08:32 EDTSTISunTrust doesn't see core costs increasing in 2015
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08:20 EDTSTISunTrust sees swap income declining in 2015 vs. 2014
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06:04 EDTSTISunTrust reports Q4 adjusted EPS 88c, consensus 78c
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January 15, 2015
15:14 EDTSTINotable companies reporting before tomorrow's open
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