Overview
- Truist, which reported results Friday, posted earnings of $1.09 per share on $5.19 billion in revenue, topping Wall Street forecasts.
- Investment‑banking and trading income jumped 36.3%, lifting non‑interest revenue to $1.55 billion as client activity picked up.
- Net interest income rose 2.5% to $3.64 billion, while average loans and deposits each grew 0.7% on strength in commercial lending.
- The company returned $1.8 billion to shareholders through dividends and buybacks, including $1.1 billion of repurchases.
- Management narrowed full‑year revenue guidance to $21.32 billion, and the stock moved higher after the report.