The first part happened Wednesday at SunTrust, which said profits plunged 99 percent. Like so many of its counterparts, it cited falling home values, rising delinquencies and asset-backed securities that are no longer as valuable as they once were.
But SunTrust Banks Inc. shares rose 7.74 percent Wednesday and finished at $65.73. The company's stock has gained nearly 13 percent on a volatile week on Wall Street.
Monday, January 28, 2008
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