SunTrust earnings rise in first quarter

SunTrust earnings rise in first quarter

NAR: Market needs Fannie and Freddie – – Fannie Mae and Freddie Mac help ensure that homebuyers have access to fair and affordable mortgages, which in turn stimulates real estate transactions and supports the larger economy. "If no government-backed entity had existed as private mortgage capital dried up, the housing market would have come to a complete halt and thrown our nation into a deeper recession, or even a depression," said Martinez Meyers.

SUNTRUST EARNINGS RISE 33% IN QUARTER.. an accounting controversy last fall that resulted in the company restating earnings of more than $25 million for the first half of 2004.

SEC filings reveal BlackRock’s substantial interest in housing New filings with the Securities and Exchange Commission show that BlackRock holds a substantial stake in at least seven of the biggest players in housing, including Trulia (TRLA), Fidelity . . .

With that said, let me highlight some of the specifics for SunTrust earnings in the first quarter. Loan growth remained strong, evidenced by a 3%.

SunTrust Banks, Inc. today reported net income for the first quarter of 2004 of $358.5 million, up 9% from the first quarter of 2003. Net income per diluted share was $1.26, up 8% from the $1.17 per diluted share earned in the first quarter of 2003.

The company said it had $80 million in merger and restructuring-related charges in the first quarter. BB&T reported adjusted earnings, which excludes those charges, of $1.05 a share. Analysts were still expecting $1.03 a share. SunTrust reported earnings of $1.24 a share, down from $1.29 a share. Analysts were expecting $1.30 a share.

"SunTrust has delivered good performance in the first half of 2019, with revenue increasing by 3%, the adjusted tangible efficiency ratio improving by 50 basis points, and earnings per share.

2018 HW Tech100 Winner: Ephesoft ATTOM Data Solutions, curator of the nation’s premier property database, is pleased to announce it has been selected by HousingWire to be a part of its 2018 HW Tech100 award recognition program which features the top innovative technology solutions for the U.S. housing industry.Two Harbors reverses trend and posts profit The company’s net profit margin is 0 percent. It measures how much out of every dollar of sales a company actually keeps in earnings. Operating Margin is seen at 0 percent. Forward P/E of Two Harbors Investment Corp. is standing at 7.09.

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