SunTrust Reports Second Quarter 2018 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
SunTrust Banks (STI) Tops Q2 EPS by 19c, Revenues Beat
July 20, 2018 6:04 AM EDTSunTrust Banks (NYSE: STI) reported Q2 EPS of $1.49, $0.19 better than the analyst estimate of $1.30. Revenue for the quarter came in at $2.34 billion versus the consensus estimate of $2.33 billion.
Income Statement
Net income available to common shareholders was $697 million, or $1.49 per average common diluted share, compared to $1.29 for the prior quarter and $1.03 for the second quarter of 2017.Total revenue increased 4% sequentially and 3% year-over-year. These increases were driven largely by higher net interest income as a... More