When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
STI - SunTrust Banks: BB&T Merger Provides Favorable Outlook
SunTrust Banks Inc.
Investment Thesis
SunTrust Banks (STI) delivered an okay Q2 2019. The bank should continue to perform well thanks to favorable demographic trends in its region of operation (U.S. Southeast and mid-Atlantic states). We like SunTrust’s announced acquisition of BB&T Bank (BBT) as this will increase the scale and result in significant synergies. Despite net interest margin compression in the near term, we think the stock should be a good solid long-term holding for investors seeking both capital appreciation and dividend growth.