Things were supposed to be going better for banks by now. The story that bank investors were told over the last year has largely been one of rising yields and net interest margins, falling legal/regulatory expenses, and static non-interest expenses. Putting it all together this should have led to big profits especially at regional banks not burdened with the same government scrutiny as their larger brethren. It was a good story, but so far none of it is playing out as expected, and no bank better exemplifies this than SunTrust Banks (NYSE:STI).
SunTrust is a large Georgia-based regional bank with more than 1,500 branches spread out across Florida, Georgia, Virginia, Tennessee, Maryland, North Carolina, Washington DC, South Carolina,...
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