Truist Financial Corporation (TFC) Beats Q2 Earnings and Revenue Estimates

This quarterly report represents an earnings surprise of 8.33%. A quarter ago, it was expected that this company would post earnings of $0.78 per share when it actually produced earnings of $0.90, delivering a surprise of 15.38%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Truist Financial has underperformed the market so far this year, the question ...