SunTrust Banks (STI) in Atlanta said its quarterly profit rose 16% as it made more commercial loans.
The $180 billion-asset company's first-quarter earnings rose 16% from a year earlier, to $393 million, or 73 cents a share, from a year ago. The average estimate of analysts polled by Bloomberg was 66 cents.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access