Jefferies analyst Ken Usdin rates SunTrust a "Buy," with a $33 price target, and said last Tuesday that "different treatment of the Coke gain across the Street makes it hard to speak to the headline EPS number, but we believe core trends should look good." Jefferies expects "continued strength out of mortgage (only a $3mm decline in production), progress on expenses, and a stable
Usdin added that the company's "details on loan sales and subsequent reinvestment will be of interest, as it will dictate the 4Q starting point for net interest income."
Deutsche Bank analyst Matt O'Connor rates SunTrust a "Hold," and said last Monday that he expects the company to report third-quarter earnings of $1.96 a share, with "flat/modestly higher loan growth in 3Q--reflecting continued growth in
O'Connor expects another strong quarter for revenue from mortgage originations and sales, but said "this should be more than offset by the large $375m mortgage putback charge this quarter."STI data by YCharts
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