Tuesday, April 17, 2007

SunTrust profit falls 3 pct on rates, loan losses

(Reuters) - NEW YORK, April 17 - SunTrust Banks Inc. , the seventh-largest U.S. bank, on Tuesday said first-quarter profit fell 3 percent, hurt by a difficult interest rate environment and rising loan losses.

Net income for the Atlanta-based company declined to $513.9 million, or $1.44 per share, from $531.5 million, or $1.46, a year earlier.


Read more at Reuters.com Market News

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