Pre-Market Earnings: Comerica Incorporated, SunTrust Banks, Inc, Charles Schwab Corp (CMA, STI, SCHW)
Shauna O'Brien Jan 16, 2015
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 Beats EPS Views
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 Beats Analyst Expectations
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,
Charles Schwab Posts Higher Quarterly Results; Beats Estimates
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.
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