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

|About: SunTrust Banks, Inc. (STI)|By:, SA News Editor

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.