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

More on Paul Miller's upgrade of SunTrust (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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