SunTrust Banks will provision $145 million in its fourth quarter results for legal expenses related to previously disclosed mortgage issues, the company said in a
The $183 billion-asset company said the expenses, which amount to 17 cents a share, include an increase in legal reserves, as well as "the final resolution of one matter." No additional details about the legal case were provided.
SunTrust expects its estimate of total losses from legal matters to drop by roughly the same amount, it said in the filing. The company in November reported an
SunTrust has been weighed down by legal probes in the past year. The company in June
A month later, the company
SunTrust is scheduled to release its fourth quarter results on Jan. 16. It reported a third-quarter