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NEW YORK – SunTrust Banks warned that its fourth-quarter financial results will include a $145 million provision for legal expenses related to "legacy mortgage matters."
The company said in a regulatory filing Monday that it is increasing its legal reserve to 17 cents per share for a previously disclosed issue to resolve the matter.
SunTrust Banks Inc. releases fourth-quarter earnings on Jan. 16.
The Atlanta company's stock fell $1.54, or 3.7 percent, to $40.19 in afternoon trading.
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