Truist Financial reports Q2 EPS 91c, consensus 82c

Reports Q2 tangible book value per share $42.71. Reports Q2 CET1 capital ratio 11.6%. Reports Q2 net charge-off .58%. The company said, “”In the second quarter, we continued to see solid momentum in our core banking businesses as evidenced by strong year-over-year growth in investment banking and trading revenue and continued expense discipline. Client deposits are stabilizing, and asset quality metrics remain within our expectations. While loan demand does remain muted, we are encouraged by an improvement in our dialogue with clients and our expanded capacity to support their needs.”