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.
BB&T Beats Third-Quarter Earnings Estimates
Third-quarter adjusted earnings of $1.07 a share beat analysts' estimates by 4 cents.
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.
Changes in Fed Policy Pressure Regional Banks
How to trade BB&T, M&T Bank, PNC Financial, SunTrust and U.S. Bancorp as they decline on dovish moves by the Federal Reserve.
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.'
Breaking News
Johnson & Johnson Stock Lower After Unveiling End To Global Baby Powder Sales In 2023
Johnson & Johnson, which began selling Baby Powder in 1894, will end all sales of the talc-based product next year.
Apple Stock Edges Higher After Report Indicates iPhone Demand Confidence
Apple is asking assemblers to put together 220 million iPhones this year, Bloomberg reported, a tally that largely matches 2021 levels.
Struggling Electric-Truck Maker Nikola Makes a Major Change
Electric-truck manufacturer Nikola, like the broad vehicle industry, has been struggling with supply-chain issues.
Illumina and the Quest for the (Holy?) Grail
DNA-sequencing leader Illumina swung to a loss in Q2 2022. Contributions from Grail didn't help.