What's the theme for 2014? It's still murky, but I'm increasingly warming to the idea of a synchronized but low-key global recovery.» Read More
SunTrust, Starbucks, Superior Offshore and more...Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
A tough operating environment for U.S. banks, especially smaller ones, is likely to drive more of them to seek mergers this year in an effort to improve profits. Through the second week of May, there were 21 U.S. bank and thrift mergers involving sellers with assets of at least $500 million in 2007, according to analysts at Keefe, Bruyette & Woods.
Our stocks editor, Bob O’Brien, refers to me as The King Of All That Is Trivial, and he’s right on. I love trivia, and when it’s relevant to one of our stories, so much the better. ... An item from SunTrust Banks caught my eye this morning: it’s sold 4.5 million shares of The Coca-Cola Co. SunTrust is the second largest institutional shareholder of Coca-Cola behind Warren Buffett’s Berkshire Hathaway. And not only that, it’s had Coca-Cola shares since 1919. And not only that...
SunTrust Banks, a large southeast U.S. regional bank, said it has begun to unload shares of Coca-Cola that it has held since 1919, as part of a restructuring expected to save $530 million a year.
The guys go behind the headlines and give you their take on ... JetBlue's CEO being forced out ... the latest company to miss earnings over milk prices ... and more.
Several large U.S. banks reported slowing profit growth on Tuesday amid struggles with interest-rate pressures and rising loan losses, including from mortgages. Wells Fargo, the fifth-largest U.S. bank, bucked the trend, boosting profit 11% despite its large exposure to the struggling mortgage sector.
New York Attorney General Andrew Cuomo's office expanded a sweeping investigation into the student loan industry with subpoenas and information requests to 13 more lenders, including some of the largest U.S. banks. Among them: Bank of America; Citizens Financial Group, a unit of Royal Bank of Scotland; JPMorgan Chase; National City; PNC Financial Services Group; Regions Financial; SunTrust Banks; US Bancorp; Wachovia and Wells Fargo. Cuomo's office also sent inquiries to three closely-held student lenders: Access Group, College Loan Corp. and EdFinancial Services.
SunTrust Banks lowered its fourth-quarter and full-year net income results Thursday to account for a $40 million increase in the provision for loan losses.
SunTrust is expected to post fourth quarter earnings of $1.46 a share, according to a Thomson Financial consensus estimate, up from $1.43 in the fourth quarter of 2005.