SunTrust Banks (STI) Tops Q2 EPS by 6c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Nasdaq futures drop over 2% on concerns over AI buildout costs, Fed rate outlook
- Nasdaq 100 set to shed over $1 trillion as tech selloff deepens; SpaceX slides
- Oil prices fall as investors focus on Hormuz flows after peace talks
- SpaceX slides, tech stocks dip — what’s moving markets
- Deutsche Bank cuts gold outlook as Fed repricing weighs on prices
- Spain's ex-transport minister sentenced to 24 years for corruption
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
SunTrust Reports Second Quarter 2016 Results
July 22, 2016 6:00 AM EDTATLANTA, July 22, 2016 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $475 million, or $0.94 per average common diluted share.  This quarter was favorably impacted by $0.05 per share of discrete benefits (details can be found on page 2).
Earnings per share increased 12% compared to the prior quarter and 6% compared to the second quarter of 2015. For the first half of 2016, earnings per share grew 7% compared to the same period a year ago.
"Our performance this quarter is further indication of our ability to deliver on our... More
