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.
Data by YCharts
Recent Developments: Q2 2019 Highlights
SunTrust posted