Suntrust Banks News

Credit Suisse lifted its view on the regional bank industry on Wednesday to the equivalent of a buy, specifically upgrading BB&T to neutral and SunTrust Banks to outperform.

Bank of America's surprise decision to pay off a $45 billion TARP investment it got from the government during the financial crisis may set the framework for the rest of the nation's banks which still need to pay back the taxpayers, analysts said Thursday.

Citigroup upgraded regional banks BB&T and Fifth Third Bancorp on Tuesday, citing a combination of valuation and optimistic earnings expectations.

Credit Suisse analysts on Wednesday urged clients to buy and overweight regional banking stocks, saying that a number of credit metrics that have plagued the sector will improve steadily in 2010, and provide good returns.

Regional banks' shares received a modest boost Wednesday as an analyst was optimistic loan losses would begin to shrink in 2010.

U.S. stocks were poised for a flat open on Wednesday after a private-sector employment report showed an improvement from October but fell shy of forecasts.

Big banks are scaling back their lending activities and boosting cash so far in the fourth quarter to cover lingering credit losses, said J.P. Morgan, which also trimmed its earnings estimates for some large-cap banks on Tuesday.

Today eBillme, the most secure payment option online that enables consumers to use online banking and bill pay services to pay now, pay securely, and use available funds, announces a new revenue sharing program for financial institutions, bill pay portals, and walk-in networks.

Many investors have correctly commented on the weakened condition of the American banking system, yet many banks that have emerged from the financial crisis healthy and sound.

Faced with new credit card restrictions, lenders are touting debit card loyalty programs.

The Business Journal of the Greater Triad Area - by Paul Davis The Business Journal Serving the Greater Triad Area Send this story to a friend Wachovia Corp.'s $14 billion play for SouthTrust could make BB&T Corp.

SunTrust Bank officials announced on Monday the opening of its new Thomasville branch located at 14 Williamsburg Ave.

The Federal Reserve asked nine of the U.S. banks that were part of this yeara s stress tests to submit plans for repaying the governmenta s capital injections, a person familiar with the situation said.

Earning miles with Delta Air Miles with a travel debit card from SunTrust . Wells Fargo will let you apply reward points towards a home equity loan.

By Matthew Stewart matts@thedailytimes.com Originally published: November 22. 2009 3:01AM Last modified: November 21.

The CEO of Wells Fargo & Co. sees hope, and a little pain in the market, as early signs point toward a long and slow economic recovery.

Atlanta police Friday were investigating a late morning bank robbery in Buckhead.

Insurance agents like it when they can provide quotes to customers more quickly, and bankers like having a faster process for opening new accounts.

When it comes to certificates of deposit and other essentially risk-free products offered by FDIC-insured banks, some depositors might not feel comfortable thinking of themselves as investors.

BB&T Corp. was ranked first in a 2009 customer-satisfaction study regarding primary mortgage originations conducted by J.D. Power and Associates.