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Wells Fargo: Fed Lawsuit Loser

With mortgage putback exposure "mostly ring fenced," Harralson said that "investors should now look to the efficiency ratio and profitability statistics as the next large earnings lever. Management has been consistent in saying it can get to a 60% or below efficiency. If STI could show expense progress in this difficult quarter, investors could be heartened that a 60% efficiency ratio is possible."

A bank's efficiency ratio is, essentially, the number of pennies of overhear expenses it incurs, for each dollar of revenue.

STI Chart STI data by YCharts

Interested in more on SunTrust? See TheStreet Ratings' report card for this stock.

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-- Written by Philip van Doorn in Jupiter, Fla.

>Contact by Email.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.
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