Is SunTrust Bank in trouble

Answer 1

All banks have had some trouble. The question is changed to how does the trouble effect you. I will answer this in three ways: If you have money in a savings account, will you have trouble if it is with Sun Trust? Answer is no if it is less than $250,000. Second question: If you work for Sun Trust, will you have trouble in the long run? Answer yes, no and maybe. A bank make mortgages and sells them to have more cash available for additional lending. If fewer people apply for mortgages, the banking business will shrink. This is all banks, not Sun Trust in particular. Third question: If I own stock in Sun Trust, am I am trouble of losing money? Answer again is a yes, no and maybe. Stock holders have already taken a beating. As of October 10, in the morning, it appears that Friday will be very bad. But how's Sun Trust's business in general? Analysts say that they may have to cut the dividend to raise cash. Not good. There's large redemptions recently- and it could get worse. Longer term, I don't want to speculate.