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Valued at a market cap of $64.2 billion, Truist Financial Corporation (TFC) is one of the largest U.S. regional financial services companies, formed in 2019 through the merger of BB&T and SunTrust. Headquartered in Charlotte, North Carolina, Truist provides a broad range of services including consumer and commercial banking, lending, wealth and asset management, insurance, and investment banking. The company is expected to announce its fiscal Q4 earnings soon.
Before this event, analysts expect this bank to report a profit of $1.09 per share, up 19.8% from $0.91 per share in the year-ago quarter. The company has topped Wall Street’s earnings estimates in three of the last four quarters, while missing on another occasion. Its earnings of $1.04 per share in the previous quarter surpassed the consensus estimate by 5.1%.