Shares of SunTrust Banks Inc., which reached new highs in recent days on news of an aggressive bid for consumer deposits, surged further Thursday amid renewed rumors it might merge with Wachovia Corp.

By the close of trading, the Atlanta bank's shares were at $74 a share, up $2.75. Wachovia shares also gained to close at $47.625, up $1.875.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.