Truist Financial Corp. (NYSE:TFC) reported upbeat second-quarter earnings on Friday.

The bank earned $1.23 per diluted share in the second quarter, clearing the analyst consensus of $1.08 by nearly 14% and representing a 35% improvement from the 90 cents per share delivered in the same period last year. Revenue of $5.27 billion edged past the $5.24 billion consensus estimate and came in 4.67% above the year-ago figure.

For the third quarter Truist is guiding for revenue of approximately $5.35 billion, just below the analyst estimate of $5.38 billion. For the full year the bank widened its revenue outlook to a range of $21.22 billion to $21.32 billion, bracketing the prior consensus estimate of $21.28 billion.

Truist Financial shares gained 0.2% to $52.60 in pre-market trading.

These analysts made changes to their price targets on Truist Financial following earnings announcement.

• JP Morgan analyst Vivek Juneja downgraded the stock from Neutral to Underweight and lowered the price target from $53.5 to $53.
• Baird analyst David George maintained the stock with a Neutral and raised the price target from $55 to $56.

Considering buying TFC stock? Here’s what analysts think:

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