** charts after earnings **
Truist beats by $0.09, beats on revs
Reports Q3 (Sep) earnings of $0.97 per share, $0.09 better than the S&P Capital IQ Consensus of $0.88; revenues rose 85.1% year/year to $5.6 bln vs the $5.48 bln S&P Capital IQ Consensus.
- Provision for credit losses was $421 million for the third quarter of 2020, which includes a modest build in the allowance for credit losses
- The allowance for loan and lease loss coverage ratio was 5.22 times nonperforming loans and leases held for investment, versus 5.24 times in the prior quarter
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