Investing.com - SunTrust Banks (NYSE:STI) reported third quarter earnings that matched analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.4 on revenue of $2.35B. Analysts polled by Investing.com anticipated EPS of $1.4 on revenue of $2.34B. That compared to EPS of $1.56 on revenue of $2.29B in the same period a year earlier. The company had reported EPS of $1.48 on revenue of $2.56B in the previous quarter.
For the year, SunTrust Banks shares are up 35.31%, outperforming the S&P 500 which is up 20.7% year to date.
SunTrust Banks follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported third quarter EPS of $2.68 on revenue of $30.06B, compared to forecasts of EPS of $2.45 on revenue of $28.46B.
Bank of America earnings beat analyst's expectations on Wednesday, with third quarter EPS of $0.56 on revenue of $22.8B. Investing.com analysts expected EPS of $0.55 on revenue of $22.59B
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