Investing.com - Truist Financial (NYSE:TFC) Corp reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Truist Financial Corp announced earnings per share of $1.23 on revenue of $5.35B. Analysts polled by Investing.com anticipated EPS of $0.9342 on revenue of $5.5B.
Truist Financial Corp shares are down 10.06% from the beginning of the year, still down 23.63% from its 52 week high of $68.95 set on January 18. They are under-performing the S&P 500 which is down 7.86% 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 April 13, who reported EPS of $2.63 on revenue of $30.72B, compared to forecasts EPS of $2.69 on revenue of $30,856M.
Bank of America had beat expectations on Monday with first quarter EPS of $0.8 on revenue of $23.23B, compared to forecast for EPS of $0.7492 on revenue of $23.18B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar