Investing.com - Truist Financial (NYSE:TFC) Corp reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Truist Financial Corp announced earnings per share of $1.24 on revenue of $5.85. Analysts polled by Investing.com anticipated EPS of $1.20 on revenue of $5.94B.
Truist Financial Corp shares are down 24.12% from the beginning of the year, still down 35.56% from its 52 week high of $68.95 set on January 18.
Truist Financial Corp follows other major Financial sector earnings this month
Truist Financial Corp's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.12 on revenue of $32.7B, compared to forecasts EPS of $2.92 on revenue of $32.13B.
Bank of America had beat expectations on Monday with third quarter EPS of $0.81 on revenue of $24.5B, compared to forecast for EPS of $0.78 on revenue of $23.56B.
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