SunTrust Banks Earnings, Revenue beat in Q4

Investing.com - SunTrust Banks (NYSE:STI) reported fourth quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.

The firm reported earnings per share of $1.5 on revenue of $2.39B. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $2.36B. That compared to EPS of $1.09 on revenue of $2.47B in the same period a year earlier. The company had reported EPS of $1.56 on revenue of $2.29B in the previous quarter.

 

For the year, SunTrust Banks shares are up 15.07%, outperforming the S&P 500which is up 6.82% year to date.

SunTrust Banks follows other major Financial sector earnings this month


On Tuesday, JPMorgan reported fourth quarter EPS of $1.98 on revenue of $26.8B, compared to forecasts of EPS of $2.2 on revenue of $26.9B.

Bank of America earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $0.7 on revenue of $22.74B. Investing.com analysts expected EPS of $0.63 on revenue of $22.36B