Truist Q2 revenue rises on strong investment banking, trading income

Truist Financial

17/07/2026 11:45

Overview
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
Company returned $1.8 bln to shareholders via dividends and share repurchases

Outlook
Truist did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
FEE INCOME - Higher investment banking, trading, and wealth management income contributed to revenue growth
EQUITY INVESTMENTS - Noninterest income increased 5.9%, driven by income from equity investments
LOAN AND DEPOSIT GROWTH - Average loans and leases and average deposits both increased, reflecting commercial and industrial loan growth and higher interest checking deposits

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$5.27 bln
 
Q2 Net Income
 
$1.55 bln
 
Q2 Net Interest Income
 
$3.62 bln
 

Analyst Coverage
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

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)