Key Developments: SunTrust Banks Inc (STI)

STI on New York Consolidated

37.09USD
23 Oct 2014
Price Change (% chg)

-- (--)
Prev Close
$37.09
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
3,427,130
52-wk High
$41.26
52-wk Low
$33.09

Search Stocks

Latest Key Developments (Source: Significant Developments)

SunTrust Banks Inc declares quarterly dividend
Tuesday, 12 Aug 2014 04:30pm EDT 

SunTrust Banks Inc:Declared regular quarterly cash dividend of $0.20 per common share.Says dividend is payable on Sept. 15 to shareholders of record at close of business on Aug. 29.Board also declared Preferred dividend for Series A dividend of $1,022.22, Series B dividend of $1,022.22 and Series E dividend of $1,468.75.Dividends payable in cash on Sept. 15 to shareholders of record at close of business on Aug. 29.  Full Article

SunTrust Banks Inc enters definitive agreement on certain legacy mortgage matters
Tuesday, 17 Jun 2014 03:23pm EDT 

SunTrust Banks Inc:Signs definitive agreement to settle certain legacy mortgage matters with U.S. Department of Housing and Urban Development and the U.S. Department of Justice.Settlement finalizes agreements in principle announced in Oct. 2013.Specifically, company settled claims related to SunTrust's origination of FHA-insured mortgages and SunTrust's portion of the National Mortgage Servicing Settlement.As previously disclosed, SunTrust's commitment under agreements includes consumer relief of $500 mln and cash payment of $468 mln.SunTrust will not incur an incremental charge relative to the financial commitments previously disclosed.  Full Article

SunTrust Banks Inc announces increase in common stock dividend
Tuesday, 22 Apr 2014 02:28pm EDT 

SunTrust Banks Inc:Declares quarterly cash dividend of $0.20 per common share.Payment date June 16.Record date May 30.  Full Article

SunTrust Banks to increase quarterly common stock dividend and share repurchase program
Wednesday, 26 Mar 2014 04:32pm EDT 

SunTrust Banks Inc:Increase in quarterly common stock dividend from $0.10 per share to $0.20 per share, beginning in the second quarter of 2014.Repurchase of up to $450 million of the company's outstanding common stock to be completed between the second quarter of 2014 and the first quarter of 2015.  Full Article

Suntrust Banks Inc declares quarterly dividend
Tuesday, 11 Feb 2014 11:33am EST 

Suntrust Banks Inc:Declares a regular quarterly cash dividend of $0.10 per common share.Says dividend is payable on Mar. 14, 2014, to shareholders of record at the close of business on Feb. 28, 2014.Declares the following dividends payable in cash on Mar. 17, 2014, to shareholders of record at the close of business on Mar. 3, 2014.A quarterly cash dividend of $1,000.00 per share on SunTrust's Perpetual Preferred Stock, Series A;.A quarterly cash dividend of $1,000.00 per share on SunTrust's Perpetual Preferred Stock, Series B and.A quarterly cash dividend of $1,468.75 per share on SunTrust's Perpetual Preferred Stock, Series E.  Full Article

Suntrust Banks Inc announces agreement to sell ridgeworth capital management
Wednesday, 11 Dec 2013 09:00am EST 

Suntrust Banks Inc:Reaches a definitive agreement to sell the company's asset management subsidiary, RidgeWorth Capital Management Inc to RidgeWorth employees and an investor group led by a private equity fund managed by Lightyear Capital LLC.Says sale is expected to close during the second quarter of 2014. It is subject to various, customary closing conditions including consents of certain RidgeWorth investment advisory clients.Says sale price consists of up to $245 million to be paid at closing with the potential for up to $20 million in additional proceeds based on retention of certain assets. SunTrust estimates the after-tax gain on the transaction to be $50 million.Says Credit Suisse and SunTrust Robinson Humphrey acted as financial advisors, and Sullivan and Cromwell LLP provided legal advice to SunTrust on the transaction.  Full Article

Suntrust Banks Inc Declares Quarterly Dividend
Tuesday, 12 Nov 2013 02:48pm EST 

SunTrust Banks, Inc announced that it has declared a regular quarterly cash dividend of $0.10 per common share. The dividend is payable on December 16, 2013, to shareholders of record at the close of business on November 29, 2013.  Full Article

Suntrust Banks Inc Settles Some Mortgage Claims With Regulators; Comments On Q3 2013 Charge Guidance-Reuters
Thursday, 10 Oct 2013 05:19pm EDT 

Reuters reported that Suntrust Banks Inc said it settled some claims related to government agency-backed mortgage loans and would take a related charge of $323 million in the third quarter of 2013. The bank said on October 10, 2013 it reached agreements with the U.S. Department of Housing and Urban Development and the Department of Justice to settle mortgage origination claims and its portion of the national mortgage servicing settlement. SunTrust's commitment under the agreements includes a payment of $500 million to consumers and a cash payment of $468 million.  Full Article

MetLife And SunTrust Banks, Inc. Announces Three-Year Commercial Real Estate Agreement Up To $5 Billion
Monday, 5 Aug 2013 10:27am EDT 

MetLife, Inc. and SunTrust Banks, Inc. announced that SunTrust will finance commercial real estate mortgages originated and managed by MetLife Real Estate Investors. This agreement for MetLife's newly created investment management platform is structured over three years with a possible overall investment from SunTrust up to $5 billion, subject to approval of each loan, and reinforces SunTrust`s commitment to commercial real estate.  Full Article

Suntrust Banks Inc Announces Increase in Common Stock Dividend
Tuesday, 23 Apr 2013 03:02pm EDT 

Suntrust Banks Inc announced an increase in the dividend on SunTrust common stock. A quarterly cash dividend of $0.10 per common share was declared payable on June 14, 2013, to shareholders of record at the close of business on May 31, 2013. The previous quarterly dividend was $0.05.  Full Article

Fitch Takes Rating Actions on Large Regional Banks Following Peer Review

(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Large Regional Bank Periodic Review (In Wait and See Mode for Rates to Move) http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=777148 NEW YORK, October 07 (Fitch) Following its large regional bank peer review, Fitch Ratings has upgraded the ratings for Regions Financial Corporation (RF) to 'BBB' from 'BBB-'. The Rating Outlook is Stable. In addition, Fitch's peer review includes af

Search Stocks