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Digest

Earnings

By TIMES WIRES
Published January 20, 2007


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SunTrust Banks Inc.

The nation's seventh-biggest bank, the Atlanta company announced $400 million of cost cuts after posting a 1 percent gain in fourth-quarter profit and the slowest annual earnings growth in three years.

4th Qtr Year Ago

Net Income $524-mil $519-mil

Per Share $1.46 $1.43

2006 2005

Net Income $2.13-bil $1.98-bil

Per Share $5.88 $5.47

Regions Financial Corp.

The Birmingham, Ala., bank said fourth-quarter profit rose 42 percent on loans it added after acquiring AmSouth Bancorp for $10.5-billion this past November.

4th Qtr Year Ago

Net Income $361.6-mil $254-mil

Per Share 56 cents 55 cents

2006 2005

Net Income $1.35-bil $1-bil

Per Share $2.67 $2.15

Citigroup Inc.

Chief executive Charles Prince promised further cuts Friday after fourth-quarter profits at the nation's largest bank fell 26 percent and year-to-year profits dropped 12 percent.

4th Qtr Year Ago

Revenue $23.8-bil $20.8-bil

Net Income $5.13-bil $6.93-bil

Per Share $1.03 $1.37

2006 2005

Revenue $89.6-bil $83.6-bil

Net Income $21.5-bil $24.6-bil

Per Share $4.31 $4.75

General Electric Co.

The New Haven, Conn., company said Friday its fourth-quarter profit more than doubled as its NBC television network showed signs of a turnaround and its global sales of gas turbines, health care equipment, financial services and aircraft engines grew strongly.

4th Qtr Year Ago

Revenue $44.62-bil $40.3-bil

Net Income $6.58-bil $3.16-bil

Per Share 64 cents 30 cents

2006 2005

Revenue $163.4-bil $147.9-bil

Net Income $20.8-bil $16.7-bil

Per Share $2.00 $1.57

[Last modified January 19, 2007, 22:49:02]


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