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More on Paul Miller's upgrade of SunTrust (NYSE:STI): Long on the sidelines because of worries...

Apr. 30, 2013 1:34 PM ETSolidion Technology Inc. (STI) StockSTIBy: Stephen Alpher, SA News Editor
More on Paul Miller's upgrade of SunTrust (NYSE:STI): Long on the sidelines because of worries about mortgage repurchase demands from the GSEs, FBR now believes the bank has turned the corner. Total provisions should be just $892M this year and $600M in 2014 vs. $1.4B in 2012. As for operations, FBR notes management's confidence in mortgage and investment banking growth will come against a far lighter expense base.

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