SunTrust's online lending platform doing well - KBW

Jul. 13, 2016 10:30 AM ETSolidion Technology Inc. (STI) StockSTIBy: Stephen Alpher, SA News Editor
  • Online lending has taken a large black eye of late, but SunTrust's (STI -0.2%) LightStream is a "ray of sunshine" for the bank, says KBW.
  • The digital lending division makes loans for just about anything to "super prime" customers - those with FICO scores north of 750. The operation is doing about $1.5B annually, only about 1.5% of all loans at SunTrust.

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