Investing.com - Truist Financial Corp reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Truist Financial Corp announced earnings per share of $1.2 on revenue of $5.69B. Analysts polled by Investing.com anticipated EPS of $1.07 on revenue of $5.65B.
Truist Financial Corp shares are down 19.56% from the beginning of the year and are trading at $47.10 , down-from-52-week-high.They are broadly in line with the S&P 500 which is down 19.62% 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 missed by JPMorgan on Thursday, who reported EPS of $2.76 on revenue of $30.72B, compared to forecasts EPS of $2.89 on revenue of $31.81B.
Bank of America had missed expectations on Monday with second quarter EPS of $0.73 on revenue of $22.69B, compared to forecast for EPS of $0.7485 on revenue of $22.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar