Investing.com - SunTrust Banks (NYSE:STI) reported third quarter earnings that beat analyst's expectations on Friday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.56 on revenue of $2.29B. Analysts polled by Investing.com forecast EPS of $1.39 on revenue of $2.35B. That compared to EPS of $1.06 on revenue of $2.48B in the same period a year earlier The company had reported EPS of $1.49 on revenue of $2.32B in the previous quarter.
For the year, SunTrust Banks shares are down 5.5%, under-performing the S&P 500 which is up 3.17% year to date.
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