Suntrust Remains Profitable -- But Write-Offs, Bad Loans Cut Earnings
The Commercial Appeal (2007-Current) › October 24, 2008
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Summary
SunTrust Banks Inc. stayed profitable in the third quarter, but the Atlanta-based company saw its earnings drop.
Like most other banking firms, SunTrust's credit issues - bad loans, write-offs and related expenses - were a drag on profits, executives said.See the full content of this document
Extract
Suntrust Remains Profitable -- But Write-Offs, Bad Loans Cut Earnings
The company, which has 41 offices and about $1.75 billion in deposits in the Memphis area, earned $3...
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