Truist did not provide specific financial guidance for the current or future periods in the press release
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 14 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the banks peer group is "buy"
Wall Street's median 12-month price target for Truist Financial Corp is $55.50, about 4.2% above its July 16 closing price of $53.25
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
Capital returned to shareholders
Company returned $1.8 bln to shareholders via dividends and share repurchases
Quarterly results and revenue drivers
U.S. regional bank's Q2 net income rose 25% yr/yr, EPS up 37%
Q2 total revenue grew 5.5% yr/yr, driven by higher fee and wealth management income
Higher investment banking, trading, and wealth management income contributed to revenue growth
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