UPDATE: SunTrust Swings To Q2 Profit

SunTrust Banks Inc STI released its results for the second quarter on Friday. SunTrust reported its quarterly profit available to common shareholders at $174 million, or $0.33 per share, versus a loss of $56 million, or $0.11 per share, in the year-ago period. Its total revenue climbed 3% to $2.17 billion. Its provisions for credit losses fell 41% to $392 million. However, analysts were expecting earnings of $0.31 per share on revenue of $2.15 billion. SunTrust shares rose 0.89% to $25.96 in after-hours trading.