Piper Jaffray Remains Bullish on SunTrust Banks (STI) Following 4Q Earnings
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SunTrust Reports Fourth Quarter and Full Year 2015 Results
January 22, 2016 6:01 AM ESTATLANTA, Jan. 22, 2016 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $467 million, or $0.91 per average common diluted share, which includes $0.03 per share in discrete tax benefits. This compares to $1.00 per share in the prior quarter, which was favorably impacted by discrete items totaling $0.11 per share, and $0.72 per share in the fourth quarter of 2014, which was negatively impacted by legal matters totaling $0.17 per share.
For 2015, earnings increased 11% to $3.58 per share compared to $3.23 per share in 2014, driven by improved credit quality and efficiency.
"Our solid... More
