5 Key Earnings Reports from The Financial Sector

In this article, we discuss the 5 key earnings reports from the financial sector. If you want to read our detailed analysis of these companies, go directly to the 10 Key Earnings Reports from The Financial Sector.

5. Truist Financial Corporation (NYSE:TFC)

Number of Hedge Fund Holders: 34

Shares of Truist Financial Corporation (NYSE:TFC) slightly moved down on Tuesday, January 18, 2022, despite announcing better-than-expected profit for the fourth quarter. The North Carolina-based bank holding company reported adjusted earnings of $1.38 per share, up 17 percent from the comparable period of 2020.

Revenue for the quarter came in at $5.6 billion, nearly unchanged from last year. Analysts were expecting Truist Financial Corporation (NYSE:TFC) to post earnings of $1.25 per share on revenue of $5.6 billion.

Speaking on the results, CEO of Truist Financial Corporation (NYSE:TFC), Bill Rogers, said:

“The quarter reflects improved revenue momentum and excellent credit quality, as well as significant capital deployment, and the achievement of our cost savings targets. Our diverse business model and progress on the merger, combined with a better economic environment drove stronger 2021 performance compared with 2020.”