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SunTrust Banks Beats Estimates by a Penny
SunTrust Banks (STI Quote) reported first-quarter net income that topped analysts' expectations by a penny, as improved net interest margins and operating efficiencies helped drive the bottom line.
For the first quarter, income rose to $337.5 million, or $1.14 a diluted share. According to Thomson Financial/First Call, analysts were looking for earnings of $1.13. The commercial banking company earned $1.04 a share in the year-ago period. ...
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