Shares of SunTrust (NYSE:STI) saw unusually-strong trading volume on
Friday following a better than expected earnings announcement, Stock Ratings Network
reports. Approximately 4,770,038 shares were traded during mid-day
trading, an increase of 29% from the previous session’s volume of
3,708,340 shares.The stock last traded at $38.11 and had previously
closed at $36.71.
The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. lowered their price target on shares of SunTrust from $43.50 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Analysts at Credit Suisse initiated coverage on shares of SunTrust in a research note on Wednesday, January 7th. They set an “underperform” rating on the stock.
Read more Click Here / www.trade4x.net
The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.07. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. lowered their price target on shares of SunTrust from $43.50 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Analysts at Credit Suisse initiated coverage on shares of SunTrust in a research note on Wednesday, January 7th. They set an “underperform” rating on the stock.
Read more Click Here / www.trade4x.net
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