SunTrust Banks Inc.’s (NYSE:STI) first-quarter earnings came in at 46 cents per share, significantly surpassing the Zacks Consensus Estimate of 32 cents. This is also substantially better than earnings of 13 cents in the prior quarter and 22 cents in the year-ago quarter.
Better-than-expected sequential results were mainly due to improvements in net interest income and fee revenue along with lower operating expenses. Improvement in credit quality was also impressive. Moreover, the company’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards