Truist Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Truist Financial Corp TFC reported quarterly adjusted earnings of 91 cents​​ per share for the quarter ended June 30, identical to the same quarter last year. The mean expectation of twenty analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 89 cents to 96 cents per share.

• Revenue rose 0.3% to $5.04 billion from a year ago; analysts expected $5.02 billion.

• Truist Financial Corp's reported EPS for the quarter was 90 cents​.

• The company reported quarterly net income of $1.18 billion.

• Truist Financial Corp shares had risen by 4.7% this quarter and gained 3.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 12 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for Truist Financial Corp is $47.00, about 4.2% above its last closing price of $45.01

This summary was machine generated from LSEG data July 18 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)