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Truist Earnings Rise but Revenue Misses Mark | Markets & Money News
Truist Financial's third-quarter results reveal mixed fortunes: adjusted earnings per share of $1.16 topped analyst expectations, but revenue of $3.79 billion fell short of the anticipated $5.35 billion, leading to a 2.53% drop in pre-market trading. Significant losses from securities sales impacted revenue, resulting in a near 28% year-over-year decline. However, net interest income increased by 1.1%, and CEO Mike Lyons emphasizes efforts to bolster the company’s risk and liquidity profiles
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