Sterne Agee Drops TrustCo Bank Corp NY

Sterne Agee has discontinued coverage on TrustCo Bank Corp NY TRST due to a reallocation of resources. In the report, Sterne Agee writes "At the time of the coverage drop, we rated the stock Neutral. Our 2011 and 2012 operating EPS estimates equaled $0.47 and $0.54, respectively." TrustCo Bank Corp NY closed yesterday at $6.50.