Dallas, Texas 11/12/2013 (Financialstrend) – SunTrust Banks, Inc.(NYSE:STI) on Nov 11, saw prices slide by over 0.06%, closing the day at $35.70. This is approximately near its 52 week high at $36.29. The company already enjoys a market capital of 19.19 billion and consistently generated dividend yield.
STI is one of the leading commercial banking organizations based in Atlanta and is headed by William Rogers Jr., with Aleem Gillani as the Chief Financial Officer.
The bank’s core operations are handled through the SunTrust Bank. Despite being an end-to-end financial services company, SunTrust Bank also offers its discerning clientele customized services. Deposits and investment along with Trust operations are some of the regions where the bank sees its core revenue earnings.
In its third quarter earnings, the company has seen continued presence growth by 10.33% along with operating margin 2.63%. The company had 26,199 employees in the third quarter.
SunTrust has a wide spread of investment portfolios and within the financial investments and management sector. Currently, its clientele included both corporate entities as well as private investors.
Over the past few years, Sun Trust Banks has diversified to hold offer seminal services in three core sectors. These include Consumer Banking division, the Private Wealth Management services division as well as the Wholesale Banking division. Besides, it also dabbles in mortgage banking as well.
Other avenues where the bank has made an impact are all handled through its subsidiaries. Sun Trust Bank therefore looks at verticals as varied as mortgage banking to asset management as well. It has a strong presence in securities brokerage and offers niche capital market portfolio management as well.
As with new age banking solutions providers, SunTrust offers its value added services across the United Sates with high presence in Florida, Tennessee as well as the District of Columbia. It supports online banking, telebanking and other sophisticated financial services.