Stock Track | Truist Financial Soars 5.16% on Strong Q4 Earnings Driven by Investment Banking Gains

Stock Track

Jan 17, 2025

Truist Financial Corp (TFC) shares soared 5.16% on Friday, January 17, 2025, during the intraday trading session, following the company's impressive fourth-quarter 2024 earnings results.

The regional banking giant reported better-than-expected earnings and revenue for the quarter, driven by higher net interest income and a surge in investment banking and trading activity.

TFC reported adjusted earnings per share (EPS) of $0.91, beating analyst estimates of $0.88 and marking a 12.35% year-over-year increase. The company's revenue for the quarter came in at $5.11 billion, exceeding the consensus estimate of $5.06 billion and growing 11.21% compared to the same period last year.

The strong performance can be attributed to a 58.8% year-over-year increase in investment banking and trading income, benefiting from a robust dealmaking environment. Additionally, Truist's net interest income rose nearly 2% to $3.64 billion, with the net interest margin expanding to 3.07% from 2.95% a year earlier.

For fiscal 2025, Truist Financial provided an optimistic outlook, projecting adjusted revenue growth of 3.0% to 3.5% compared to 2024, reflecting the company's confidence in its growth prospects.

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Additionally, Truist's net interest income rose nearly 2% to $3.64 billion, with the net interest margin expanding to 3.07% from 2.95% a year earlier.</p>\n\n<p>For fiscal 2025, Truist Financial provided an optimistic outlook, projecting adjusted revenue growth of 3.0% to 3.5% compared to 2024, reflecting the company's confidence in its growth prospects.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TFC","symbol_name":"Truist Financial Corp","start_time":0,"source_url":"","article_id":"1105140548","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1105140548","pubTimestamp":1737124513,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Truist Financial Corp  shares soared 5.16% on Friday, January 17, 2025, during the intraday trading session, following the company's impressive fourth-quarter 2024 earnings results.The regional banking giant reported better-than-expected earnings and revenue for the quarter, driven by higher net interest income and a surge in investment banking and trading activity.TFC reported adjusted earnings per share  of $0.91, beating analyst estimates of $0.88 and marking a 12.35% year-over-year increase.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TFC":"Truist Financial Corp"},"translate_title":"Truist Financial因投资银行业务收益推动第四季度盈利强劲而飙升5.16%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TFC":1},"content_text":"Truist Financial Corp (TFC) shares soared 5.16% on Friday, January 17, 2025, during the intraday trading session, following the company's impressive fourth-quarter 2024 earnings results.\nThe regional banking giant reported better-than-expected earnings and revenue for the quarter, driven by higher net interest income and a surge in investment banking and trading activity.\nTFC reported adjusted earnings per share (EPS) of $0.91, beating analyst estimates of $0.88 and marking a 12.35% year-over-year increase. 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