Last €28.49 EUR
Change Today -0.02 / -0.07%
Volume 0.0
SUU On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 2:08 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

suntrust banks inc (SUU) Snapshot

Open
€28.48
Previous Close
€28.51
Day High
€28.75
Day Low
€28.48
52 Week High
07/16/14 - €29.94
52 Week Low
10/3/13 - €23.66
Market Cap
15.2B
Average Volume 10 Days
18.0
EPS TTM
--
Shares Outstanding
532.8M
EX-Date
05/28/14
P/E TM
--
Dividend
€0.79
Dividend Yield
1.28%
Current Stock Chart for SUNTRUST BANKS INC (SUU)

suntrust banks inc (SUU) 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 consumer deposits, home equity lines and loans, consumer lines, indirect auto, student lending, bank card, and other lending products and fee-based products. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; loan and deposit products; discount/online and full service brokerage services; employee benefit solutions; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management; construction, mini-perm, and permanent real estate financing; tailored financing and equity investment solutions; corporate insurance premium financing solutions; and treasury and payment solutions, as well as investment advisory, and other institutional asset management services. The Mortgage Banking segment provides residential mortgage products. SunTrust Bank also provides mortgage banking, asset management, securities brokerage, and capital market services. 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 telephone. As of December 31, 2013, it operated 1,497 full-service banking offices. SunTrust Banks, Inc. was founded in 1891 and is headquartered in Atlanta, Georgia.

25,841 Employees
Last Reported Date: 07/21/14
Founded in 1891

suntrust banks inc (SUU) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $900.0K
Chief Financial Officer and Corporate Executi...
Total Annual Compensation: $631.2K
Chief Information Officer and Corporate Execu...
Total Annual Compensation: $625.0K
Corporate Executive Vice President and Wholes...
Total Annual Compensation: $600.0K
Chief Risk Officer and Corporate Executive Vi...
Total Annual Compensation: $560.0K
Compensation as of Fiscal Year 2013.

suntrust banks inc (SUU) Key Developments

SunTrust Banks, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter of 2014

SunTrust Banks, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income available to common shareholders of $387 million or $0.72 per diluted share compared to $365 million or $0.68 per diluted share a year ago. Total revenue was $2,201 million compared to $2,100 million a year ago. Excluding the sale of RidgeWorth, total revenue increased $66 million, or 3%, compared to the prior quarter. The sequential increase was primarily driven by broad-based growth across most noninterest income categories. Compared to the second quarter of 2013, total revenue, excluding the sale of RidgeWorth, declined $4 million as higher investment banking and mortgage servicing income was offset by a decline in mortgage production income. Return on average total assets was 0.89% compared to 0.88% a year ago. Return on average common shareholders' equity was 7.29% compared to 7.12% a year ago. The current quarter's results were negatively impacted by $0.09 per share related to specific items. Net interest income was $1,244 million compared to $1,242 million a year ago. For the six months period, the company reported net income available to common shareholders of $780 million or $1.45 per diluted share compared to $705 million or $1.31 per diluted share a year ago. Total revenue was $4,231 million compared to $4,214 million a year ago. Excluding the sale of RidgeWorth, total revenue declined $88 million. The decline was primarily driven by lower mortgage production income, which was partially offset by increases in mortgage servicing, investment banking, and retail investment services. Return on average total assets was 0.91% compared to 0.85% a year ago. Return on average common shareholders' equity was 7.44% compared to 6.95% a year ago. Book value per common share as at June 30, 2014 was $40.18 compared to $37.65 a year ago. The increase was primarily due to growth in retained earnings. The company’s net charge-offs were $113 million during the second quarter of 2014, relatively stable compared to the prior quarter and down $66 million compared to the second quarter of 2013. The decline in net charge-offs compared to the second quarter of 2013 was primarily driven by lower residential and commercial loan net charge-offs.

Suntrust Banks, Inc. Teams with LearnVest

SunTrust Banks, Inc. announced it is teaming with LearnVest to provide tips and information to help people gain more control over their finances. As a purpose-driven company committed to advancing financial well-being, SunTrust established this new partnership to help benefit everyone from students and families to career professionals and those nearing retirement. LearnVest's original articles will be accessible not only to SunTrust clients, but also to anyone looking to make progress on their money through suntrust.com/ResourceCenter/PersonalBanking.

SunTrust Banks Agrees to $320 Million Settlement over Mortgage Modifications

SunTrust Banks has agreed to a settlement of up to $320 million with federal authorities over the bank's handling of home loans under a federal mortgage-assistance program. The settlement resolves claims involving the Home Affordable Modification Program, launched in response to the housing crisis to reduce monthly mortgage payments for struggling borrowers and prevent foreclosure. HAMP is part of the Troubled Asset Relief Program, also known as the federal bailout. Federal authorities began investigating SunTrust following complaints that it misled homeowners who sought assistance under HAMP from SunTrust. SunTrust made 'misrepresentations and omissions' to homeowners, such as on how long SunTrust would take to decide whether borrowers qualified for HAMP. SunTrust has agreed to provide up to $274 million in consumer remediation, $20 million for housing counseling for homeowners, $10 million in restitution to Fannie Mae and Freddie Mac and a cash payment of $16 million to the Treasury Department, under the agreement with the U.S. attorney's office for the Western District of Virginia. The settlement will result in a $204 million pre-tax charge that will affect SunTrust's second-quarter results.

 

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Industry Analysis

SUU

Industry Average

Valuation SUU Industry Range
Price/Earnings 15.1x
Price/Sales 2.6x
Price/Book 1.0x
Price/Cash Flow 14.5x
TEV/Sales NM Not Meaningful
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