Several other U.S. banks have also reduced previously reported third-quarter earnings or projected fourth-quarter results for Visa's November 7 settlement.
NEW YORK (Reuters) - SunTrust Banks Inc <STI.N>, the seventh-largest U.S. bank, said on Wednesday it expects to incur a $26 million fourth-quarter charge for its share of Visa Inc's $2.1 billion antitrust settlement with American Express Co <AXP.N>.
Several other U.S. banks have also reduced previously reported third-quarter earnings or projected fourth-quarter results for Visa's November 7 settlement.
Analysts on average expected SunTrust to post a fourth-quarter profit of $1.45 per share, according to Reuters Estimates.
SunTrust disclosed the expected charge in a U.S. Securities and Exchange Commission filing.
(Reporting by Jonathan Stempel; Editing by Leslie Gevirtz)
