|Day's Range||46.25 - 46.71|
|52 Week Range||36.21 - 49.88|
|PE Ratio (TTM)||18.21|
|Dividend & Yield||1.20 (2.59%)|
|1y Target Est||N/A|
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.
Improvement in net interest income acted as a tailwind for SunTrust (STI) in Q2 earnings. However, costs increased, which was a negative.
The Winston-Salem, North Carolina-based bank said it had earnings of 77 cents per share. Earnings, adjusted for restructuring costs, came to 78 cents per share. The results beat Wall Street expectations. ...