SunTrust Banks Inc Stock Overview and Investment Insights

SunTrust Banks Inc has a market capitalization of around $84.6 billion, which is a significant figure in the financial industry.

The company's stock has been listed on the New York Stock Exchange (NYSE) under the ticker symbol STI since 1976.

SunTrust Banks Inc is a major player in the banking sector, with a long history dating back to 1891 when it was founded in Atlanta, Georgia.

The company has undergone several mergers and acquisitions over the years, including a major deal in 2019 to merge with BB&T Corporation.

The SunTrust merger was a significant event in the banking industry. The Federal Deposit Insurance Corporation (FDIC) approved the merger of BB&T Corp. and SunTrust Banks Inc.

The deal was approved on a Tuesday, but the exact date is not specified. The FDIC's approval was dependent on certain conditions, although the article doesn't specify what those conditions were.

The merger involved two major banking companies, BB&T Corp. and SunTrust Banks Inc. The article mentions that these companies are listed on the stock market under the ticker symbols BBT and STI, respectively.

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The Federal Reserve Board approved the merger of regional lenders BB&T Corp. and SunTrust Banks Inc.

This approval was a significant milestone in the creation of Truist, as BB&T and SunTrust received regulatory approvals for their merger of equals to form Truist.

The merger was the largest bank deal since the financial crisis, and it marked a major step forward for the combined company.

Clients of BB&T and SunTrust will continue to be served through their current brands until the system conversion.

The merger of BB&T and SunTrust was a significant event in the banking industry, and it marked a new chapter for the companies involved.

SunTrust Banks Inc. has a history of strategic acquisitions.

In 1985, SunTrust acquired Trust Company of Georgia, expanding its presence in the state.

SunTrust's acquisition of National Commerce Financial Corporation in 2004 significantly increased its presence in the southeastern United States.

The company acquired National Bank of Detroit in 2005, further expanding its footprint.

SunTrust's acquisition of branches from National City Corporation in 2008 added to its network.

SunTrust Banks, Inc. has a market capitalization that has fluctuated over the years, ranging from 24.69B to 48.96B.

The company's P/E ratio has also changed, dropping from 14.4x in 2017 to 8.79x in 2018.

Enterprise value has increased significantly, reaching 6,738B in one year.

Here's a breakdown of SunTrust Banks, Inc.'s valuation metrics:

The free-float is not available, but the yield has increased significantly, reaching 3.57% in 2018.