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 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.
SunTrust Banks follows other major Financial sector earnings this month
On Tuesday, JPMorgan (NYSE:JPM) reported fourth quarter EPS of $ on revenue of $, compared to forecasts of EPS of $2.24 on revenue of $27.41B.
Bank of America (NYSE:BAC) earnings missed analyst's expectations on Wednesday, with fourth quarter EPS of $ on revenue of $. analysts expected EPS of $0.65 on revenue of $22.76B
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