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Stock impact report

SunTrust Banks Rises on Earnings Report [TheStreet.com]

Solidion Technology, Inc. (STI) 
Last solidion technology, inc. earnings: 10/17 06:00 am Check Earnings Report
Company Research Source: TheStreet.com
SunTrust Banks Rises on Earnings Report SunTrust Banks Inc. ( STI The Atlanta-based bank posted quarterly earnings per share of $1.40, down 8 cents from the same quarter in 2017. But for the year, SunTrust posted earnings per share of $5.74 -- up nearly 28% from 2017's earnings per share of $4.47. The bank's earnings, however, came with some caveats. The quarterly earnings for 2018 included a separate charge of 10 cents a share related to the "settlement of a legacy pension plan," said the bank. And the 2017 annual earnings, noted the bank, had included some one-time benefits from tax reform and other items that bumped up the total by about 39 cents. SunTrust's total revenue for the quarter rose 4% -- or $83 million -- from the same period last year to $2.4 billion, thanks largely to higher net interest income. Net interest income was $1.6 billion for the fourth quarter, or $98 million more than the same time in 2017. For 2018, total net interest income hit $6.1 billion -- 5% over 201 Show less Read more
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