SunTrust Banks (STI) Tops Q3 EPS by 3c
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SunTrust Reports Third Quarter 2016 Results
October 21, 2016 6:00 AM EDTATLANTA, Oct. 21, 2016 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) reported net income available to common shareholders of $457 million, or $0.91 per average common diluted share. This compares to $0.94 for the prior quarter and $1.00 for the third quarter of 2015. The prior quarter and prior year quarter were favorably impacted by discrete benefits of $0.05 and $0.11, respectively. Excluding these benefits, earnings per share grew 2% sequentially and year-over-year.
"This quarter is another reflection of the success we are having in executing against our core strategies," said William H. Rogers, Jr., chairman and CEO of SunTrust... More
