¶ … businesses different?
Sun Trust and U.S. Bancorp have a number of characteristics and features in common with each other. The most notable is: both are large financial holding companies which are providing a variety of products / services. To include: credit cards, mortgages, consumer / business loans, investment banking and advisory services. ("U.S. Bancorp," 2012) ("Sun Trust," 2012)
The way they are different is U.S. Bancorp has $383 billion in assets and the company is based out of Minneapolis, Minnesota. Their primary markets are concentrating on the Midwest and Upper Midwest. While Sun Trust is focusing on offering financial services to cliental living in the Southeastern United States. They have $187.90 billion in assets and the firm is based out of Atlanta, Georgia. ("U.S. Bancorp," 2012) ("Sun Trust," 2012)
The above information is showing how both companies are similar from the kinds of products and services they are providing to cliental. However,...
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