Investing.com - Truist Financial Corp reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Truist Financial Corp announced earnings per share of $0.87 on revenue of $5.65B. Analysts polled by Investing.com anticipated EPS of $0.65 on revenue of $5.53B. That with comparison to EPS of $0.97 on revenue of $2.9B in the same period a year before.Truist Financial Corp had reported EPS of $1.12 on revenue of $3.65B in the previous quarter.Analysts are expecting EPS of $0.7 and revenue of $5.48B in the upcoming quarter.
Truist Financial Corp shares are down 40.7% from the beginning of the year and are trading at $33.40 , down-from-52-week-high.They are under-performing the S&P 500 which is down 11.41% year to date.
Truist Financial Corp follows other major Financial sector earnings this month
Truist Financial Corp's report follows an earnings missed by JPMorgan on Tuesday, April 14, 2020, who reported EPS of $0.78 on revenue of $29.07B, compared to forecasts EPS of $1.87 on revenue of $29.54B.
UnitedHealth had beat expectations on Wednesday with first quarter EPS of $3.72 on revenue of $64.42B, compared to forecast for EPS of $3.63 on revenue of $64.16B.
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