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Stock impact report

Cramer: What Wall Street doesn't get about the SunTrust-BB&T merger [CNBC]

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: CNBC
Cramer: What Wall Street doesn't get about the SunTrust-BB&T merger show chapters What the Street doesn't get about SunTrust-BB&T merger: Cramer 22 Mins Ago | 00:55 The biggest banking deal Jim Cramer BB&T's SunTrust Banks "To me, this BB&T merger of equals with SunTrust is about keeping up with the Joneses — in this case, keeping up with the Wells Fargos J.P. Morgans Bank of Americas But the analysts covering BB&T don't seem to understand that, the "Mad Money" On the call, they mostly asked about "the old nuts and bolts of banking" — topics like capital ratios, regulation, loan growth, the two banks' cultural fit — rather than focusing on what's next in banking technology, he said. "I think technology — specifically, the need for customer relations management software — is a crucial part of what drove this deal," Cramer argued, pointing to what he saw as Bank of America's lead In its most recent quarter "Right now, Bank of America is the king of mobile. They have an incredible app, Show less Read more
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