Comments for STI - Stockpickr! Your Source for Stock Ideas

Comments for STI

Added By	Comments	Type	Date Added
barrons3	"Fast Money" guest Gary Kaminsky, the former managing director at Neuberger Berman, offered a few pointers on how to pick good investment opportunities out of the junk of a list of the worst-performing stocks in the S&P 500. Two of his favorites? Vulcan Materials (VMC) and SunTrust (STI), two housing-market-related companies with big exposure to downtrodden Florida. Despite that seemingly frightening fact, Kaminsky said that tax-loss selling by mutual funds have pushed these two stocks lower than their relatively strong fundamentals should have allowed. He expects Vulcan and SunTrust to be outperformers from October through the end of the year.	Love	September 30, 2009
barrons3	Pete Najarian says keep an eye on Smith International (STI) due to unusual options action. "That one looks awfully interesting!"	Love	September 23, 2009
Jujesho	none	Love	September 14, 2009
barrons3	Outperform - Price 21.98 on Aug. 26 by Fox-Pitt Kelton Cochran Caronia Weller We reviewed two SunTrust securitizations to look for trends in prime residential mortgages ('07 vintage) and Alt-A portfolios ('06). [The term Alt-A usually refers to a set of loans with a risk profile that's a notch above subprime]. The adjustable-rate prime mortgage portfolio at the company was $24.6 billion (20% of loans), evenly split between [adjustable-rate mortgages] and jumbo mortgages [those above about $700,000]. The remaining first-mortgage Alt-A portfolio is about $694 million (less than 1%). We view the securitization data as a proxy for trends in the residential mortgage portfolio. We continue to view SunTrust as being well-positioned to deal with its credit issues. While prime mortgages will likely remain stressed over the next few quarters... we believe SunTrust has enough capital to deal [with] potential loss content...We remain less concerned about the [small] Alt-A portfolio...We're raising our target to 22 (1 times projected 2009 TBV) from 20. Market cap: $11 billion.	Love	August 29, 2009
barrons3	The banks? Crumbling? However, most of the crumbling stocks don't even trade. The ones that do are acquirers and they are going higher, not lower. Capital One (COF) says things are better; SunTrust (STI) says things are worse.	Love	August 27, 2009
aj,s	banks feel good	Love	July 20, 2009
barrons3	That could mean that Zions (ZION), Regions Financial (RF) or even Suntrust (STI) could be in the crosshairs of commercial real estate. That's why you stick with the small regionals that have paid back TARP or had no need for it. That way you can sleep at night.	Love	July 16, 2009
Stockpickr Staff	"But we must collapse Fifth Third (FITB), KeyCorp (KEY), SunTrust (STI) and Regions Financial (RF) into other banks if we are going to move through this period. We aren't there yet." <a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=a42e12e8-b7f1-495a-b03b-9c2400c3b85f" target="_blank">"FDIC and Treasury at Loggerheads," 6-10-09</a>	Love	June 11, 2009
elliott740	Good solid performer, much room to grow	Love	June 09, 2009
jmheff	florida foreclosures	Hate	June 03, 2009
barrons3	Also trimming its payout is an institution that didn't fare as well in the stress test: SunTrust Banks (STI). It said Friday that it will sell up to $1.25 billion of common stock and cut its quarterly dividend to a penny a share from 10 cents, to help boost its common equity by $2.2 billion. SunTrust also might sell other assets and exchange preferred shares for common stock, to raise more capital.	Love	May 16, 2009
Stockpickr Staff	"Who wouldn't take advantage of this? Fifth Third (FITB)? Suntrust (STI)?" (<a href="http://jimcramer.rmblogs.thestreet.com/entry.aspx?q=8f053f2a-e87f-4c21-b108-9c07006a98f7" target="_blank">"A Bevy of Bank Offerings," 5-12-09</a>)	Love	May 13, 2009
barrons3	Neutral - Price 17.27 on May 5 by Howe Barnes Hoefer & Arnett We expect STI will hobble through the credit cycle with worse-than-peer mortgage-related losses...and somewhat better than peer commercial and industrial and commercial-real-estate losses....With shares trading for 65% of projected year-end 2009 [tangible book value per share], dilution risk from limited conversions of senior capital into common is baked into the share price. A draconian loss-rate scenario and conversion scenario including [the Troubled Asset Relief Program] are not baked in, but we think STI avoids that fate. Market cap: $6.1 billion.	Love	May 09, 2009
robert bussey	own a lot of ko	Love	March 26, 2009
Richard Abbott	strong regional bank	Love	March 12, 2009
barrons3	I believe in selling a lot of the smaller regionals. I don't know what happens to KeyCorp(KEY), Comerica(CMA), SunTrust(STI), Huntington Bancshares(HBAN), Regions Financial(RF) and Fifth Third(FITB). Maybe they will be turned into zombie banks. Maybe they get seized.	Love	February 19, 2009
barrons3	On the bad "bank" list, Cramer included just about every publicly traded bank. He said the banks all need money to survive and are prone to cuts in their dividends. He singled out Citigroup (C), PNC (PNC) and Suntrust (STI) as three recent examples of stocks getting hammered.	Love	February 05, 2009
barrons3	In Line - Price 30.04 on Dec. 10 by Fox-Pitt Kelton Caronia Waller SunTrust will receive an additional $1.4 billion in [Troubled Asset Relief Program] preferred capital and related equity warrants -- on top of its initial participation of $3.5 billion announced Oct. 27. We are lowering our 2008E and 2009E EPS to $2 and [a loss of 65 cents], from $2.02 and $1, respectively. We are also establishing 2010E-EPS of $1.35. In addition to the impact of the preferred dividend and TARP share dilution, our estimates also include expectations of increased credit costs....We believe the valuation reflects most of the negative outlook. But we're lowering our target to 28 (1.1 times projected 2009 tangible book) from 35. Market cap: $10.6 billion.	Love	December 13, 2008
sarah z	From a recent Mad Money show:"No, don't pull the trigger. This is not the old Suntrust, this is the risk taking Suntrust. No. No. No."	Love	December 02, 2008
sarah z	From a recent Mad Money show:"No, don't pull the trigger. This is not the old Suntrust, this is the risk taking Suntrust. No. No. No."	Love	November 25, 2008
barrons3	Wells Fargo (WFC) and SunTrust (STI) and PNC Financial (PNC), you are a bank.	Love	November 20, 2008
sarah z	From a recent Mad Money show:"No, this doesn't fit my criteria. It's just not strong enough. No thank you."	Love	November 18, 2008
barrons3	Other stocks, some of them well liked, were considered too pricey: Wells Fargo, Goldman Sachs (GS), Apple (AAPL), SunTrust Banks (STI), which last week cut its dividend by 30%, and Wal-Mart Stores (WMT). Wal-Mart has held up better than many retail issues; at a recent $54 it trades near the midpoint of its 52-week range of $42.50 to $63.85, and yields 1.7%.	Love	November 01, 2008
kudzuwil	growth,conservative	Love	October 29, 2008
barrons3	Seems like the bank-buying spree has begun in earnest and all of the regionals could now go: Comerica (CMA), First Horizon (FHN), National City (NCC), Suntrust (STI). They can all be bought by Bank of America (BAC), U.S. Bancorp (USB) -- still not heard from -- Goldman Sachs (GS) and JPMorgan (JPM).	Love	October 16, 2008
High Dividends	2.9	Love	October 02, 2008
High Dividends	6.1%	Love	September 30, 2008
New Alliso	financial needs should rise on econ. upswing	Love	September 04, 2008
barrons2	Options action suggest that investors are making bets to the downside, but they’re small moves. Investors seem to think these stocks could drift lower through the first week in September but they’re both solid banks.	Love	August 26, 2008
barrons2	Q: Give us some shorts, please. A: Let's start with the obvious. You can't have financial institutions levered 30-to-1, which I think is the case in Europe, or 25-to-1, which I think is the case in the States, and expect nothing bad to happen. So, we have been short the banks for a long time. And the brokers. And the mortgage lenders and mortgage guarantors. We typically short stocks, not ETFs or indexes. We've been short Bank of America [BAC], JPMorgan Chase [JPM] Citigroup [C}, Goldman Sachs [GS], Merrill Lynch [MER], Lehman Brothers [LEH], Morgan Stanley [MS], SunTrust [STI], Wachovia [WB], Washington Mutual [WM], Capital One [COF]. There's hardly a financial name that we aren't short.	Love	August 16, 2008