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Sohini Mondal

YOU WONT BELIEVE: Truist financial earnings preview what to expect - What They Never Told You

Truist Financial TFC

Based in Charlotte, North Carolina, Truist Financial Corporation (TFC) is a financial services company that provides banking and trust services. With a market cap of $55.9 billion, the company operates through three segments, which are Consumer Banking and Wealth; Corporate and Commercial Banking; and Insurance Holdings. It is expected to announce its fiscal Q3 earnings results before the market opens on Thursday, Oct. 17. 

Ahead of this event, analysts expect the financial services firm to report a profit of $0.89 per share, up nearly 6% from $0.84 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the last four quarters while missing on one other occasion. In Q2, the company reported an EPS of $0.91, which surpassed the consensus estimates by 8.3%. 

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