SunTrust Q1 2009

--NI: -875 mil vs 281 mil in Q1 2008 --Allowance 2,735 mil, only 52% of nonperforming assets --Nonperforming Commercial Real Estate was 221 mil, indicating 14-15% delinquency rate. But the charge off against Commercial Real Estate was 2 mil. Thoughts --The company might have a tough year due to its low provision against future loss and less aggressiveness to write off some losses. --But the company will survive in the end since it is backed bup TARP fund --marketweight until before the next earning release