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SunTrust Banks (STI) Stock Climbing on Q1 Earnings Beat

NEW YORK (TheStreet) -- Shares of SunTrust Banks (STI - Get Report) are jumping by 4.49% to $41.66 on Friday morning, following the release of the company's 2016 first quarter results, which came out before the opening bell.

The Atlanta-based holding company of SunTrust Bank reported earnings of 84 cents per diluted share. Analysts were expecting earnings of 75 cents per share.

Revenue rose by 5% to $2.06 billion year-over-year and surpassed analysts' estimates of $2.03 billion.

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