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SunTrust Reports First Quarter 2012 Results

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Sergey777   Tuesday, 05/01/12 01:15:51 AM
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SunTrust Reports First Quarter 2012 Results

ATLANTA, April 23, 2012 /PRNewswire/ – SunTrust Banks, Inc. (NYSE: STI (24.28 ?-2.10%)) today reported net income available to common shareholders of $245 million, or $0.46 per average common share, for the first quarter of 2012. Earnings per average common share increased by $0.33 from the fourth quarter of 2011 and by $0.38 from the first quarter of 2011.

“Our core performance this quarter drove a solid start to 2012 and marked a continuation of the improved momentum we built during 2011,” said William H. Rogers, Jr. chairman and chief executive officer of SunTrust Banks, Inc. “Improved revenue, as well as continued favorable trends in loans, deposits, and credit metrics were hallmarks for the quarter.” Mr. Rogers also noted that the Company’s expense savings program continues to progress.

Technical Analysis SunTrust Banks $STI short target 20.33 (fibo 50%) http://bit.ly/IluW7E

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