Tags: SunTrust | buyback | crisis | stress

SunTrust Announces First Buyback Since Crisis After Stress Test

Thursday, 14 Mar 2013 05:33 PM

SunTrust Banks Inc., Georgia’s biggest lender, announced its first common-stock buyback since the financial crisis after its capital plan was approved today by the Federal Reserve.

SunTrust will repurchase as much as $200 million of shares and double its quarterly dividend to 10 cents a share, The Atlanta-based lender said Thursday in a statement. The bank last announced common-stock repurchases in 2007.

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SunTrust Banks Inc., Georgia s biggest lender, announced its first common-stock buyback since the financial crisis after its capital plan was approved today by the Federal Reserve.
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2013-33-14
Thursday, 14 Mar 2013 05:33 PM
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