CHARLOTTE, N.C. - Truist Financial Corporation (NYSE: NYSE:TFC), a leading U.S. commercial bank, today reported earnings for the second quarter of 2024 that surpassed analyst expectations.
The company announced an adjusted earnings per share (EPS) of $0.91, which was $0.09 higher than the consensus estimate of $0.82. Revenue for the quarter was also above expectations, coming in at $5.02 billion against the projected $4.78 billion.
Despite the positive earnings and revenue beat, Truist Financial's stock experienced a slight decline of -1.74%.
Truist's CEO commented on the results, stating, "Our second-quarter performance demonstrates the strength of our diversified business model and our commitment to delivering superior client service. We continue to focus on strategic growth initiatives that enhance value for our clients and shareholders."
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