Agree; Atlanta's SunTrust reported a profit of $180 million, or 8 cents a share. Excluding a charge for an accelerated TARP repayment, earnings would have been 22 cents a share, topping the 14 cents analysts expected. Revenue jumped 14% to $2.16 billion, and excluding some securities gains was $2.1 billion, which beat analysts' expectation for $2.08 billion.
"charge for an accelerated TARP repayment"[Being forced to accept funds then charging a fee for repayment is bad, bad, bad. Thanks Obama, I guess this should have been expected. Irritating ….
I see a good repot, higher earnings and revenue, better capital position, higher interest margin... Can anyone point to any weakness in the report? Or is this market so bloody cooked that it pumps underperformers like PCX and TEX, but punishes those who actually do better like STI, XRX, GE and so on?