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SunTrust (STI) had an ok Q2 2019, but the big news is the ongoing merger with BB&T (BBT), which will bring significant cost savings and potential synergies to new the bank, Truist. Along with the merger, SunTrust has continued its ongoing trend of tremendous dividend growth over the last nine years.
Despite the current rate environment, which has seen the Fed lower rates and promising more in the future, SunTrust has been able to withstand the compression to net interest margin and show growth in its loan portfolio as well as investment income.