According to Zacks, “SunTrust’s third-quarter 2015 earnings surpassed the Zacks Consensus Estimate. Reduced expenses, lower provisions and a rise in non-interest income were partly offset by lower net interest income. The company remains well positioned for future growth given its favorable deposit mix, efficient expense management and enhanced credit quality. Also, the company’s capital deployment activities look impressive. Though cost-containment efforts are easing pressure on the bottom line, a persistent low interest rate scenario, exposure to risky assets and heightened regulatory pressure are anticipated to continue weighing on profitability in the near term.”
Shares of SunTrust (NYSE:STI) opened at 42.45 on Wednesday. SunTrust has a 1-year low of $36.52 and a 1-year high of $45.84. The company’s 50-day moving average is $43.13 and its 200 day moving average is $42.14. The firm has a market capitalization of $21.76 billion and a price-to-earnings ratio of 12.53.
SunTrust (NYSE:STI) last announced its quarterly earnings results on Friday, October 16th. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.16. During the same period in the prior year, the business earned $1.06 earnings per share. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $2.04 billion. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts expect that SunTrust will post $3.52 EPS for the current fiscal year.
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