SOURCE: Rothman Research
Analytical Reports on SunTrust Banks and Citigroup -- The Tides Are Changing for the Banking System
JOHANNESBURG, SOUTH AFRICA--(Marketwire - July 30, 2010) - www.RothmanResearch.com studies the market environment influencing investors' trading decisions on the money center banks major players in recent time providing in depth research on SunTrust Banks Inc. (
Even whilst facing unprecedented challenges in the first quarter, a few of the major banks in the U.S. still managed to bring in earnings close to $15 billion, that is $3.87 per share for shareholders of common shares last quarter. The financial sector much like the healthcare sector has seen some drastic political and legislative pressures from the White House and lawmakers in Washington DC.
www.rothmanresearch.com is a source for investors seeking free information on the money center banks industry; investors and shareholders of SunTrust Banks Inc., Citigroup Inc. and other companies in this industry are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.
Recently, President Barack Obama passed legislation on Wall Street Reform and Consumer Protection Act. This legislation will affect how financial institutions, banks and Wall Street firms interact with consumers. It will be interesting to see how money center banks like SunTrust Banks Inc. and Citigroup Inc. will fare with the new laws in place. www.rothmanresearch.com provides technical analysis and free downloadable research reports on SunTrust Banks Inc. and Citigroup Inc. by signing up now at
http://www.rothmanresearch.com/article/sti/23763/Jul-30-2010.html or
http://www.rothmanresearch.com/article/c/23764/Jul-30-2010.html
It seems the details still need to be ironed out but this potential legislation could affect everything from mortgages, to using your debit card on smaller purchases. It also aims to simplify language used in financial contracts.
While the acting government is positive about the changes, Republicans are claiming that this legislation will in fact increase the number of bailouts, restrict credit, kill jobs, raise taxes and expand government control of the private sector. The ability to adapt and restructure due to the wide sweeping implications will be a major test for the industry.
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