|Bid||61.69 x 800|
|Ask||64.59 x 800|
|Day's Range||63.61 - 64.69|
|52 Week Range||46.05 - 75.08|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||11.33|
|Earnings Date||Jul 18, 2019|
|Forward Dividend & Yield||2.00 (3.33%)|
|1y Target Est||70.23|
BB&T Corp and Suntrust Banks announced their new name to the public Truist. The new name will go into effect once the $66 billion merger comes to a close. Truist is supposed to be a combination of the two companies as a "merger of equals." What do you think about the name?
SunTrust Banks Inc NYSE:STIView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for STI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting STI. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold STI had net inflows of $4.74 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. STI credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Developers have received permits for a 90-acre project in Gwinnett County linked to Amazon.com. Heritage South Real Estate Partners LP., Eberly & Associates Inc. and J.M. Williams are part of a team that sought commercial development permits from Gwinnett County for the nearly 2.6 million-square-foot office warehouse known as “Project Rocket.” Gwinnett Planning and Development officials issued permits for Project Rocket May 31 after a lengthy review process that dated back to last August. Gwinnett commissioners approved the warehouse last year.
Target, RH, Verizon, SunTrust, BB&T and Samsung are the companies to watch.
BB&T and SunTrust Banks said Wednesday that when their planned merger is completed, their new name will be "Truist." The banks said they worked with Omnicom unit Interbrand to come up with the new name after "focus groups and analytical research" from bank employees and clients. According to the banks, the combined firm, Truist Financial Corp., will be the sixth-largest bank holding company in the U.S. The merger is expected to complete in the third or fourth quarter of 2019, the banks said.
The soon-to-merge BB&T Corp. (NYSE: BBT) and SunTrust Banks Inc. (NYSE: STI) has a new name — Truist Financial Corp. "We're excited because we really think we can redefine the client experience and really create a meaningful change in the community," said BB&T Chief Executive Kelly King. King said he believes this brand is a way for the new entity to build on the heritages of BB&T and SunTrust while also positioning the new bank for the future. BB&T and SunTrust announced in February their plans to merge in an all-stock deal valued at about $66 billion.
WINSTON-SALEM, N.C., June 12, 2019 /PRNewswire/ -- BB&T Corporation (BBT) and SunTrust Banks, Inc., (STI) today announced Truist as the name for the combined company to be created through their merger of equals. Truist will be the sixth-largest U.S. bank holding company serving more than 10 million households in the U.S., with a leading presence in many of the most attractive, high-growth markets in the country. Building on 275 years of combined history and culture, Truist's additional size and scale will redefine the client experience through innovative technology and create meaningful change in its communities.
SunTrust and BB&T; said the new name for their combined bank reflects the heritage of both financial institutions. SunTrust's CEO said the home of the Atlanta Braves will not change this season.
Charlotte, North Carolina is the focal point of a brewing war between the big banks, as BB&T and SunTrust merge and giants Chase and U.S. Bank move in.
WINSTON-SALEM, N.C. and ATLANTA, June 12, 2019 /PRNewswire/ -- BB&T Corporation (BBT) and SunTrust Banks, Inc. (STI) today announced 214 N. Tryon St., Charlotte, North Carolina, will be the new corporate headquarters location for the proposed combined company resulting from their merger of equals. Over the next several years, the proposed combined company will transition people to occupy more than 550,000 square feet of the nearly 965,000 square-foot tower. "This is a signature tower in the Uptown area of Charlotte, and the perfect spot for the new company's headquarters," said BB&T Chairman and Chief Executive Officer Kelly S. King.
ATLANTA , June 12, 2019 /PRNewswire/ -- Cousins Properties (NYSE: CUZ) announced today that it has signed a 15-year, 561,000 square-foot lease for the proposed combined corporate headquarters of BB&T Corporation ...
It will be called Truist. “Truist is a brand name representative of two mission- and purpose-driven companies coming together to serve our clients as a true financial partner,” said SunTrust chief executive Bill Rogers, who will serve as chief operating officer of Truist. Kelly King, head of BB&T, will be Truist’s chairman and chief executive.
The BB&T; Atlanta Open, set for July 20-28, is poised to bring on First Data as it looks to expand its community outreach and reach a larger audience.
Bernie Marcus was feted by his fellow Home Depot co-founders and A-listers in Atlanta's business, civic and government community. Even President Donald Trump made a special video with a personal message to Marcus thanking him for his advice and friendship over the years.
Asian shares were mostly higher Friday on investor optimism about a possible trade deal between the U.S. and Mexico before tariffs take effect.
“They will simply say, ‘we will spend whatever it takes so we can be a thorn in the side of BB&T-SunTrust.;”
SunTrust CEO Bill Rogers may be moving to Charlotte, N.C., but Atlanta will stay in his heart and mind. Atlanta-based SunTrust Banks Inc. and Winston-Salem, N.C.-based BB&T Corp. announced a "merger of equals" earlier this year, when they decided it would be best to pick a neutral location (Charlotte) to become the headquarters of the new bank. “We have enjoyed a lead role in Atlanta, and Atlanta will be the single most important business center for the new bank,” Rogers said in an extended interview on June 4.
Christopher Holt has led the Winstom-Salem, North Carolina-based BB&T;'s business in Maryland since 2016.
NEW YORK, June 06, 2019 -- Halper Sadeh LLP, a global investor rights law firm, reminds investors of important deadlines in the shareholder class action lawsuits against.
WILMINGTON, Del., June 06, 2019 -- Rigrodsky & Long, P.A. reminds investors that it has commenced class action lawsuits against the following companies: HFF, Inc. (NYSE:.