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Before the opening bell on Friday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
SunTrust Banks, Inc. (STI ) reported earnings of $378 million, or 72 cents per share, down from $413 million, or 77 cents per share, last year. Excluding special items, earnings were 88 cents per share – above analysts’ estimate of 78 cents.
Revenue declined to $2.04 billion from $2.06 billion last year. Analysts expected to see revenue of $2.04 billion.
Comerica Incorporated (CMA ) reported earnings of $149 million, or 80 cents per share, up from $117 million, or 62 cents per share, a year ago. Analysts expected to see 77 cents per share in earnings.
Revenue came in at $640 million, above analysts estimate of $634 million,
The Charles Schwab Corp. (SCHW ) reported earnings of $329 million, or 25 cents per share, up from $297 million, or 23 cents per share, last year. On average, analysts expected to see EPS of 24 cents.
Revenue came in at $1.55 billion, up from $1.44 billion, last year. Analysts expected to see revenue of $1.53 billion.