Investing.com - Truist Financial Corp reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Truist Financial Corp announced earnings per share of $1.55 on revenue of $5.68B. Analysts polled by Investing.com anticipated EPS of $0.9778 on revenue of $5.45B.
Truist Financial Corp shares are up 13.56% from the beginning of the year and are trading at $54.43 , down-from-52-week-high.They are under-performing the S&P 500 which is up 16.46% from the start of the year.
Truist Financial Corp follows other major Financial sector earnings this month
Truist Financial Corp's report follows an earnings beat by JPMorgan on Tuesday, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.16 on revenue of $30B.
Bank of America had beat expectations on Wednesday with second quarter EPS of $1.03 on revenue of $21.47B, compared to forecast for EPS of $0.7748 on revenue of $21.87B.
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