SunTrust Banks, Inc. (NYSE:STI) 4Q16 earnings sneak peak

SunTrust Banks, Inc. (NYSE:STI) 4Q16 earnings sneak peak

SunTrust Banks, Inc. (NYSE:STI) is expected to report fourth quarter earnings results, before the bell, on Friday 20th January 2017.

Analysts polled by Thompson Reuters anticipate fourth quarter adjusted net income of $ 0.87 per share from Total Revenue of $ 2.11 billion.

Looking ahead, the full year adjusted net income are expected at $ 3.57 per share on the revenues of $ 2.11 billion.
About Suntrust Banks: 

SunTrust Banks, Inc. operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the United States.

It operates through three segments: Consumer Banking and Private Wealth Management, Wholesale Banking, and Mortgage Banking. The Consumer Banking and Private Wealth Management segment offers deposits, home equity lines and loans, credit lines, indirect auto loans, student loans, bank cards, and other lending products, as well as various services. This segment also provides wealth management products and professional services, including brokerage, professional investment management, and trust services; and family office solutions. The Wholesale Banking segment offers corporate and investment banking solutions, such as advisory, capital raising, and financial risk management, as well as lease financing solutions; cash management services, auto dealer financing, and corporate insurance premium financing solutions; and construction, mini-perm, and permanent real estate financing, as well as tailored financing and equity investment solutions. This segment also provides treasury and payment solutions, including operating various electronic and paper payment types, such as card, wire transfer, automated clearing house, check, and cash; and offers clients to manage their accounts online.

The Mortgage Banking segment provides residential mortgage products in the secondary market. The company offers its products and services through a network of traditional and in-store branches, automated teller machines, Internet, mobile, and telephone banking channels. As of December 31, 2015, it operated 1,401 full-service banking offices located in Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia, and the District of Columbia. The company was founded in 1891 and is headquartered in Atlanta, Georgia.

Published on 14/01/2017 – – Follow us on Twitter: @SMDailyCo and Facebook: @StockMarketDaily

Private Banking, Consumer Banking, Wealth Management, Wholesale Banking, Mortgage Banking, Consumer and Private wealth management, Deposit and home equity loans,