Truist Financial reported a higher quarterly profit on Friday, driven by a rebound in capital markets activity that boosted earnings from investment banking and trading.
Investment Banking and Trading Income
The bank’s investment banking and trading income climbed nearly 72% in the three months ended June 30 from a year earlier. Truist’s wealth management income for the second quarter also increased 7.8%.
Truist’s quarterly net income available to common shareholders came in at $1.52 billion or $1.23 per share, above last year’s $1.18 billion or 90 cents per share.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
