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  • Associated Press2 days ago

    SunTrust tops 2Q profit forecasts

    The bank, based in Atlanta, said it had earnings of $1.03 per share. The results topped Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings ...

  • Reuters2 days ago

    Weak mortgage income hurts U.S. regional lenders

    Weak refinancing, thanks to higher interest rates, took a bite out off regional banks' earnings in the second quarter and loan growth remained sluggish, mirroring trends seen at larger banks. Mortgage banking income fell by double digits on a percentage basis at most regional banks that have reported results so far. BB&T Corp posted a 15 percent fall in mortgage banking income, while U.S. Bancorp, the largest regional bank, said revenue from mortgage banking fell 11 percent.

  • SunTrust's (STI) Q2 Earnings Beat Estimates, Costs Increase
    Zacks3 days ago

    SunTrust's (STI) Q2 Earnings Beat Estimates, Costs Increase

    Improvement in net interest income acted as a tailwind for SunTrust (STI) in Q2 earnings. However, costs increased, which was a negative.