Truist Financial beats Q3 estimates, shares edge higher

CHARLOTTE, N.C. - Truist Financial Corporation (NYSE:TFC ) reported third quarter 2024 results that surpassed analyst expectations, with both earnings and revenue coming in above estimates. The bank's shares edged up 1% following the announcement.

Truist, a leading U.S. commercial bank, posted adjusted earnings per share of $0.97, beating the analyst consensus of $0.91 by $0.06. Revenue for the quarter reached $5.14 billion, surpassing the estimated $5.09 billion.

The bank's total assets stood at $523 billion as of September 30, 2024, solidifying its position as a top-10 commercial bank in the United States. Truist's performance in the third quarter demonstrates its continued strength in high-growth markets across the country.

"Our third quarter results reflect the strength of our diversified business model and our commitment to delivering value for our clients and shareholders," said [CEO name], CEO of Truist Financial Corporation. "We continue to focus on our purpose-driven approach to banking, which has enabled us to maintain our leading market position in many high-growth areas."

Truist offers a wide range of financial products and services through its wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending.

The bank's headquarters in Charlotte, North Carolina, serves as the base for its operations across its market areas.

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Source: Investing.com