SunTrust Banks Inc Reports Results for the Quarter Ended in June – Earnings Summary

* SunTrust Banks Inc reported quarterly adjusted earnings of $1.49 per share. The mean expectation of 28 analysts for the quarter that ended in June was for earnings of $1.31 per share. * Revenue rose 3.2 percent to $2.34 billion from a year ago; analysts expected $2.33 billion. * SunTrust Banks Inc’s Reported EPS for the quarter was $1.49. * The mean earnings estimate of analysts had risen by about 1.7 percent in the last three months. * In the last 30 days seven analysts have negatively revised earnings estimates and nine analysts have revised earnings estimates upward. * SunTrust Banks Inc shares had risen by 4.5 percent this quarter and gained 6.9 percent so far this year. * The Atlanta, Georgia-based company reported quarterly net income of $697 million. * SunTrust Banks Inc is a member of the S&P 500. This summary was machine generated July 20 at 05:09 p.m. GMT.

Source: Read Full Article