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Real Estate & Property Law

: Housing Wire

SunTrust Mortgages Drive Some Growth Amid Losses

By KELLY CURRAN

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SunTrust Banks, Inc. (STI: 14.89 -3.31%) dislosed a first-quarter loss of $815.2m, or $2.49 per share, compared to a net income of $290.6m, or $0.81 per share, in the first quarter of 2008. The bank says losses are due largely to a non-cash, after-tax charge related to the collpase of good will towards the institution. Excluding [...]

Full post as published by Housing Wire on April 23, 2009 (boomark / email).

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