SunTrust Banks, Inc. News
SunTrust Beats Third-Quarter Revenue Forecast as BB&T Merger Cuts Into Earnings
SunTrust Banks reports a drop in third-quarter earnings but results match Wall Street's expectations.
IBM, Netflix, Morgan Stanley, Honeywell, Brexit - 5 Things You Must Know
U.S. stock futures rise after a Brexit deal is reached; Netflix boosts international subscriber growth but sees U.S. weakness; IBM posts a third-quarter revenue miss; Honeywell and Morgan Stanley report earnings.
What Is the Prime Rate? Definition, History and Rate in 2019
The prime rate is the lowest rate at which money can be borrowed from commercial banks by non-banks. It typically tracks with the federal funds rate and is generally about 3% higher than the Federal Reserve's rate.
Private Prison Operators Fall; Fifth Third Joins Banks Ending Ties With Industry
Geo Group and CoreCivic lose ground as another bank joins list of those refusing to do future business with private prison operators.
BB&T Tops Q1 Earnings Estimate, Takes $80 Million Charge on SunTrust Merger
BB&T Corp. posted stronger-than-expected first quarter earnings Thursday following its $66 billion merger with SunTrust Banks earlier this year that created the country's sixth-largest lender.
Citigroup, Morgan Stanley and Other Banks Roiled as U.S. Yield Curve Inverts
The yield curve inverts, and bank stocks suffer.
ICYMI: S&P 500 Could Surge Another 12%, Market Bull Says
The current equity risk premium indicates the market has more juice left in it. We explain what that means.
BB&T-SunTrust Merger to Get 'Careful' Review, Fed Chief Powell Says
Federal Reserve Chairman Jerome Powell says the central bank will conduct a 'thorough' review of BB&T's recently proposed acquisition of banking rival SunTrust, after Democratic Sen. Elizabeth Warren described the process in a Washington hearing as a 'rubber stamp.'
Illumina's Singapore Tax Holiday is About to Expire
The DNA sequencing giant generated over 10% of its diluted earnings per share in 2021 from a tax holiday.
Oil Volatility Returns, Pushing Gasoline Prices Higher
The 14-week decline in gasoline prices ended while two million people in Florida are still without power.
New Electric Vehicle Beats Tesla When it Comes to the Environment
A new EV would radically change how cars are made and that could be a threat to the market leader.
McDonald's Menu Adds a (Very) New Take on an Old Favorite
The fast-food giant has been hesitant to make changes like this, but Wendy's bold move may have forced it to.