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Options
One new option listing and two option delistings on December 9th » 08:30
12/09/19
12/09
08:30
12/09/19
08:30
TFC

Truist Financial

$54.16 /

+0.66 (+1.23%)

, BBT

Merged to become TFC

$54.16 /

+0.66 (+1.23%)

, STI

Merged to become TFC

$70.09 /

+0.83 (+1.20%)

New option listings for…

New option listings for December 9th include Truist Financial Corporation (TFC). Option delistings effective December 9th include BB and T Corporation (BBT) and SunTrust Banks Inc (STI).

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TFC Truist Financial
$54.16 /

+0.66 (+1.23%)

BBT Merged to become TFC
$54.16 /

+0.66 (+1.23%)

12/09/19 RBC Capital
PNC Financial downgraded to Outperform from Top Pick at RBC Capital
11/20/19 Janney Montgomery Scott
SunTrust downgraded to Neutral from Buy at Janney Montgomery Scott
11/11/19 Janney Montgomery Scott
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
STI Merged to become TFC
$70.09 /

+0.83 (+1.20%)

10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
Downgrade
PNC Financial downgraded to Outperform from Top Pick at RBC Capital » 06:12
12/09/19
12/09
06:12
12/09/19
06:12
PNC

PNC Financial

$153.81 /

+1.6 (+1.05%)

, BBT

Merged to become TFC

$0.00 /

+ (+0.00%)

, STI

Merged to become TFC

$70.09 /

+0.83 (+1.20%)

RBC Capital analyst…

RBC Capital analyst Gerard Cassidy downgraded PNC Financial (PNC) to Outperform from Top Pick with an unchanged $155 price target. The analyst notes that while the outlook for the stock remains "robust" and he still views the company as one of the top performing U.S. banks, he prefers Truist Financial Corporation as his new Top Pick rated bank stock given the opportunity offered by its recent merger combining BB&T (BBT) and SunTrust (STI).

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PNC PNC Financial
$153.81 /

+1.6 (+1.05%)

11/25/19 Odeon Capital
PNC Financial initiated with a Hold at Odeon Capital
10/17/19 Wells Fargo
PNC Financial price target raised to $147 from $134 at Wells Fargo
06/14/19 Raymond James
State Street, BofA, PNC among likely CCAR 'winners,' says Raymond James
03/06/19
Fly Intel: Top five analyst upgrades
BBT Merged to become TFC
$0.00 /

+ (+0.00%)

11/20/19 Janney Montgomery Scott
SunTrust downgraded to Neutral from Buy at Janney Montgomery Scott
11/11/19 Janney Montgomery Scott
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
STI Merged to become TFC
$70.09 /

+0.83 (+1.20%)

10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
Hot Stocks
Old Dominion to replace SunTrust in S&P 500 at open on 12/9 » 04:55
12/09/19
12/09
04:55
12/09/19
04:55
ODFL

Old Dominion

$184.55 /

+0.75 (+0.41%)

, STI

Merged to become TFC

$70.09 /

+0.83 (+1.20%)

, BBT

Merged to become TFC

$0.00 /

+ (+0.00%)

BB&T (BBT) is…

BB&T (BBT) is acquiring SunTrust Banks (STI) in a deal expected to be completed soon pending final conditions. Post acquisition, BB&T will change its name to Truist Financial Corp. and will trade under the ticker "TFC."

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ODFL Old Dominion
$184.55 /

+0.75 (+0.41%)

12/05/19 Goldman Sachs
Old Dominion initiated with a Sell at Goldman Sachs
10/29/19 Argus
Old Dominion price target raised to $205 from $180 at Argus
10/25/19 KeyBanc
Old Dominion price target raised to $215 from $175 at KeyBanc
10/25/19 Stifel
Old Dominion downgraded to Sell from Hold at Stifel
STI Merged to become TFC
$70.09 /

+0.83 (+1.20%)

11/20/19 Janney Montgomery Scott
SunTrust downgraded to Neutral from Buy at Janney Montgomery Scott
11/11/19 Janney Montgomery Scott
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
BBT Merged to become TFC
$0.00 /

+ (+0.00%)

11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
Hot Stocks
S&P announces changes to S&P 400, 500, 600 indices » 18:09
12/02/19
12/02
18:09
12/02/19
18:09
ODFL

Old Dominion

$186.28 /

-5.4 (-2.82%)

, STI

Merged to become TFC

$70.36 /

-0.49 (-0.69%)

, CCMP

Cabot Microelectronics

$132.08 /

-1.36 (-1.02%)

, RC

Ready Capital

$15.73 /

-0.01 (-0.06%)

, BBT

Merged to become TFC

$54.42 /

-0.31 (-0.57%)

, ILPT

Industrial Logistics Property Trust

$21.47 /

-0.15 (-0.69%)

, CBM

Cambrex

$59.99 /

+0.01 (+0.02%)

S&P Dow Jones Indices…

S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: Old Dominion Freight Line (ODFL) will replace SunTrust Banks (STI) in the S&P 500, Cabot Microelectronics (CCMP) will replace Old Dominion Freight Line in the S&P MidCap 400, and Ready Capital (RC) will replace Cabot Microelectronics in the S&P SmallCap 600 prior to the open of trading on Monday, December 9. BB&T (BBT) is acquiring SunTrust Banks in a deal expected to be completed soon pending final conditions. Post acquisition, BB&T will change its name to Truist Financial Corp. and will trade under the ticker "TFC." Industrial Logistics Properties Trust (ILPT) will replace Cambrex (CBM) in the S&P SmallCap 600 prior to the open of trading on Friday, December 6. Permira Advisors is acquiring Cambrex in a deal expected to be completed soon pending final conditions.

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ODFL Old Dominion
$186.28 /

-5.4 (-2.82%)

10/29/19 Argus
Old Dominion price target raised to $205 from $180 at Argus
10/25/19 KeyBanc
Old Dominion price target raised to $215 from $175 at KeyBanc
10/25/19 Stifel
Old Dominion downgraded to Sell from Hold at Stifel
09/27/19 BofA
BofA/Merrill downgrades Old Dominion to Underperform with shares near highs
STI Merged to become TFC
$70.36 /

-0.49 (-0.69%)

11/20/19 Janney Montgomery Scott
SunTrust downgraded to Neutral from Buy at Janney Montgomery Scott
11/11/19 Janney Montgomery Scott
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
CCMP Cabot Microelectronics
$132.08 /

-1.36 (-1.02%)

11/14/19 Loop Capital
Cabot Microelectronics downgraded to Hold from Buy at Loop Capital
11/14/19 Loop Capital
Cabot Microelectronics downgraded to Hold from Buy at Loop Capital
10/30/19 Seaport Global
Seaport Global cuts Cabot Microelectronics to Neutral on 'record' valuation
10/30/19 Seaport Global
Cabot Microelectronics downgraded to Neutral from Buy at Seaport Global
RC Ready Capital
$15.73 /

-0.01 (-0.06%)

11/08/19 Compass Point
Ready Capital downgraded to Hold from Buy at Compass Point
BBT Merged to become TFC
$54.42 /

-0.31 (-0.57%)

11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
ILPT Industrial Logistics Property Trust
$21.47 /

-0.15 (-0.69%)

08/07/19
Industrial Logistics Property cut to Sector Perform at RBC on unchanged dividend
08/07/19 RBC Capital
Industrial Logistics downgraded to Sector Perform from Outperform at RBC Capital
03/12/19 B. Riley FBR
B. Riley adds Office Properties to Alpha Generator, removes Industrial Logistics
01/03/19 BofA
Industrial Logistics Property Trust downgraded to Underperform at BofA/Merrill
CBM Cambrex
$59.99 /

+0.01 (+0.02%)

08/12/19 Craig-Hallum
Cambrex downgraded to Hold from Buy at Craig-Hallum
08/07/19 William Blair
Cambrex downgraded to Market Perform from Outperform at William Blair
05/07/19
Fly Intel: Top five analyst downgrades
05/07/19 First Analysis
Cambrex downgraded to Outperform from Strong Buy at First Analysis
Hot Stocks
Old Dominion to replace SunTrust in S&P 500 at open on 12/9 » 17:17
12/02/19
12/02
17:17
12/02/19
17:17
ODFL

Old Dominion

$186.28 /

-5.4 (-2.82%)

, STI

Merged to become TFC

$70.36 /

-0.49 (-0.69%)

, BBT

Merged to become TFC

$54.42 /

-0.31 (-0.57%)

BB&T (BBT) is…

BB&T (BBT) is acquiring SunTrust Banks (STI) in a deal expected to be completed soon pending final conditions. Post acquisition, BB&T will change its name to Truist Financial Corp. and will trade under the ticker "TFC."

ShowHide Related Items >><<
ODFL Old Dominion
$186.28 /

-5.4 (-2.82%)

10/29/19 Argus
Old Dominion price target raised to $205 from $180 at Argus
10/25/19 KeyBanc
Old Dominion price target raised to $215 from $175 at KeyBanc
10/25/19 Stifel
Old Dominion downgraded to Sell from Hold at Stifel
09/27/19 BofA
BofA/Merrill downgrades Old Dominion to Underperform with shares near highs
STI Merged to become TFC
$70.36 /

-0.49 (-0.69%)

11/20/19 Janney Montgomery Scott
SunTrust downgraded to Neutral from Buy at Janney Montgomery Scott
11/11/19 Janney Montgomery Scott
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
BBT Merged to become TFC
$54.42 /

-0.31 (-0.57%)

11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
Downgrade
SunTrust downgraded to Neutral from Buy at Janney Montgomery Scott » 08:57
11/20/19
11/20
08:57
11/20/19
08:57
STI

Merged to become TFC

$70.73 /

-0.27 (-0.38%)

, BBT

Merged to become TFC

$54.71 /

-0.3 (-0.55%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst Christopher Marinac downgraded SunTrust (STI) to Neutral from Buy to match his rating on BB&T (BBT) after the latter's acquisition of the former was approved by the Federal Reserve. The merger is set to close on December 6. On BB&T, Marinac said he expects share repurchases to resume post-merger, that he sees a slight net interest margin reduction on a pro-forma basis following the merger and that he sees his fair value estimate of $58.00 for BB&T shares as supportive of a Neutral rating.

ShowHide Related Items >><<
STI Merged to become TFC
$70.73 /

-0.27 (-0.38%)

11/11/19 Janney Montgomery Scott
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
07/19/19 Argus
SunTrust loan growth acceleration encouraging, says Argus
BBT Merged to become TFC
$54.71 /

-0.3 (-0.55%)

11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
10/08/19 Jefferies
BB&T upgraded to Buy from Hold at Jefferies
Hot Stocks
BB&T, SunTrust receive regulatory approvals for merger of equals » 16:36
11/19/19
11/19
16:36
11/19/19
16:36
BBT

Merged to become TFC

$54.71 /

-0.3 (-0.55%)

, STI

Merged to become TFC

$70.73 /

-0.27 (-0.38%)

BB&T Corporation…

BB&T Corporation (BBT) and SunTrust Banks, Inc. (STI) announced receipt of regulatory approvals from the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation to complete the previously announced merger of equals and become Truist Financial Corporation. Upon completion of the merger, Truist will be the sixth largest U.S. commercial bank, serving approximately 10 million U.S. consumer households and a full range of business clients, with leading market share in many of the most attractive, high-growth markets in the country. BB&T and SunTrust expect to complete the merger on December 6, 2019, pending satisfaction of customary closing conditions. BB&T common shares will become Truist common shares and SunTrust common shareholders will receive 1.295 Truist common shares for each share of SunTrust common stock they own at the closing. Following the closing, Truist common shares will trade on the NYSE under the symbol "TFC" and depositary shares or preferred purchase securities representing interests in Truist Series F, G, H, I and J preferred shares will trade on the NYSE under the symbols "TFC.PrF," "TFC.PrG," "TFC.PrH," "TFC.PrI" and "TFC.PrJ," respectively. The regulatory approval process also included approvals from The Georgia Department of Banking and Finance and the North Carolina Commissioner of Banks. The U.S. Department of Justice completed its antitrust review earlier in November as part of an agreement to divest branches in North Carolina, Virginia and Georgia. No further regulatory approvals are required to complete the merger of BB&T and SunTrust and all related subsidiaries.

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BBT Merged to become TFC
$54.71 /

-0.3 (-0.55%)

11/11/19 Janney Montgomery Scott
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten'
11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
BB&T upgraded to Buy from Hold at Jefferies
STI Merged to become TFC
$70.73 /

-0.27 (-0.38%)

10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
07/19/19 Argus
SunTrust loan growth acceleration encouraging, says Argus
Downgrade
Janney Montgomery Scott downgrades BB&T to Neutral, says premium may 'flatten' » 07:22
11/11/19
11/11
07:22
11/11/19
07:22
BBT

Merged to become TFC

$54.90 /

+0.19 (+0.35%)

, STI

Merged to become TFC

$71.04 /

+0.43 (+0.61%)

As previously reported,…

As previously reported, Janney Montgomery Scott analyst Christopher Marinac downgraded BB&T (BBT) to Neutral from Buy. He believes Friday's announcement that First Horizon Bank (FHN) has entered into an agreement to acquire 30 branches from SunTrust Bank (STI) signals regulatory approval in Q4 and that the BB&T-SunTrust merger will close by year-end, which he calls "a positive development long that we think investors were beginning to question." However, with the merger soon closing he thinks the stock premium for BB&T "might flatten," Marinac tells investors in a research note. He raised his fair value estimate for BB&T shares to $58.00 from $57.50, but said the level of upside expectation is lower than what would warrant a Buy rating on the stock.

ShowHide Related Items >><<
BBT Merged to become TFC
$54.90 /

+0.19 (+0.35%)

11/11/19 Janney Montgomery Scott
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott
10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
BB&T upgraded to Buy from Hold at Jefferies
09/06/19 BofA
BofA/Merrill sees Citi, Citizens BB&T risk/reward as 'compelling'
STI Merged to become TFC
$71.04 /

+0.43 (+0.61%)

10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
07/19/19 Argus
SunTrust loan growth acceleration encouraging, says Argus
04/04/19 Raymond James
BB&T downgraded to Market Perform on near-term noise at Raymond James
Downgrade
BB&T downgraded to Neutral from Buy at Janney Montgomery Scott » 07:04
11/11/19
11/11
07:04
11/11/19
07:04
BBT

Merged to become TFC

$54.90 /

+0.19 (+0.35%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst Christopher Marinac downgraded BB&T to Neutral from Buy.

ShowHide Related Items >><<
BBT Merged to become TFC
$54.90 /

+0.19 (+0.35%)

10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
BB&T upgraded to Buy from Hold at Jefferies
09/06/19 BofA
BofA/Merrill sees Citi, Citizens BB&T risk/reward as 'compelling'
07/19/19 Argus
SunTrust loan growth acceleration encouraging, says Argus
Hot Stocks
First Horizon to acquire 30 SunTrust branches in NC, Virginia, Georgia » 14:09
11/08/19
11/08
14:09
11/08/19
14:09
FHN

First Horizon

$16.91 /

-0.02 (-0.12%)

, STI

Merged to become TFC

$70.93 /

+0.32 (+0.45%)

, BBT

Merged to become TFC

$54.86 /

+0.15 (+0.27%)

, IBKC

Iberiabank

$76.69 /

+0.01 (+0.01%)

First Horizon National…

First Horizon National (FHN), SunTrust Banks, (STI) and BB&T Corporation (BBT) announced that First Horizon Bank has entered into an agreement to acquire 30 branches from SunTrust Bank. As part of the agreement, First Horizon will assume approximately $2.4B in deposits for a deposit premium of 3.40%, and will purchase approximately $410N in loans. "The branch acquisition enhances the company's presence in key growth markets such as Durham, Chapel Hill and Winston-Salem, North Carolina, as well as extends its banking footprint into additional attractive markets in Virginia and Georgia," the company said. The branches are being divested to satisfy regulatory requirements in connection with the previously announced merger of equals between SunTrust and BB&T. The divestiture is expected to close in early 2020. First Horizon expects to retain all current SunTrust employees in the acquired branches when the transaction closes. The branch acquisitions are unrelated to First Horizon's recent announcement of a merger of equals with Iberiabank (IBKC). The acquired bank branches will operate under the First Horizon Bank brand.

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FHN First Horizon
$16.91 /

-0.02 (-0.12%)

11/06/19 Keefe Bruyette
Iberiabank downgraded to Market Perform from Outperform at Keefe Bruyette
11/05/19 BofA
First Horizon upgraded to Buy from Neutral at BofA/Merrill
11/05/19 BofA
First Horizon upgraded to Buy from Neutral at BofA/Merrill
10/16/19 Keefe Bruyette
First Horizon downgraded to Market Perform from Outperform at Keefe Bruyette
STI Merged to become TFC
$70.93 /

+0.32 (+0.45%)

10/08/19 Jefferies
Jefferies changes five bank ratings after looking into 2020, 2021
10/08/19 Jefferies
SunTrust upgraded to Buy from Hold at Jefferies
07/19/19 Argus
SunTrust loan growth acceleration encouraging, says Argus
04/04/19 Raymond James
BB&T downgraded to Market Perform on near-term noise at Raymond James
BBT Merged to become TFC
$54.86 /

+0.15 (+0.27%)

10/08/19 Jefferies
BB&T upgraded to Buy from Hold at Jefferies
09/06/19 BofA
BofA/Merrill sees Citi, Citizens BB&T risk/reward as 'compelling'
IBKC Iberiabank
$76.69 /

+0.01 (+0.01%)

10/22/19 Sandler O'Neill
Iberiabank downgraded to Hold on expected NIM pressure at Sandler O'Neill
10/22/19 Sandler O'Neill
Iberiabank downgraded to Hold from Buy at Sandler O'Neill
10/21/19 SunTrust
Iberiabank price target lowered to $80 from $86 at SunTrust

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