Truist Financial Corp. (NYSE:TFC) shares are climbing Friday. The Charlotte-based bank delivered second-quarter earnings beat that showed broad-based improvement across fee income and capital returns. Here’s what you should know.
Truist Financial shares are trending higher. Why are TFC shares climbing?
Truist Tops Estimates as Earnings Jump 35% Year-Over-Year
The bank earned $1.23 per diluted share in the second quarter, clearing the analyst consensus of $1.08 by nearly 14% and representing a 35% improvement from the 90 cents per share delivered in the same period last year. Revenue of $5.27 billion edged past the $5.24 billion consensus estimate and came in 4.67% above the year-ago figure.
Fee Income and Loan Growth Drive the Outperformance
