Oppenheimer says SunTrust (STI +4.5%) is still attractive following Fed's rejection of its...

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

Oppenheimer says SunTrust (STI +4.5%) is still attractive following Fed's rejection of its capital plan, noting it was surprised by the rejection and fully expects the company to resubmit. The firm thinks that the market is underestimating the company's cost-cutting initiatives, and it maintains an Outperform rating on the stock.