SunTrust Banks (STI) Tops Q2 EPS by 8c
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SunTrust Reports Second Quarter 2015 Results
July 17, 2015 6:00 AM EDTATLANTA, July 17, 2015 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) today reported net income available to common shareholders of $467 million, or $0.89 per average common diluted share compared to $0.78 per share earned in the prior quarter. The current quarter was favorably impacted by a $0.03 per share discrete income tax benefit.Â
Earnings per share increased $0.17 over the second quarter of 2014, which was negatively impacted by $0.09 per share, related to the resolution of specific legacy mortgage-related matters, partially offset by the gain on sale of RidgeWorth. Excluding the prior-year matters, earnings per share... More
