Truist Financial Surges 1.82% on $390M Volume as Second-Quarter Earnings Miss Estimates Despite 396% Revenue Jump

Truist Financial (TFC) rose 1.82% on August 13, 2025, with a trading volume of $0.39 billion, ranking 313th in market activity. The stock's performance followed mixed second-quarter results, where revenue surged 396% year-on-year to $4.99 billion, meeting Wall Street expectations but missing adjusted earnings per share estimates by 1.8%.

Management highlighted broad-based loan growth and digital engagement as key drivers, with strong production in residential mortgages, indirect auto, and small business loans. CEO William Rogers emphasized expansion into targeted geographies and new client acquisition, particularly among younger demographics. Digital account production increased 17% year-over-year, while over 1.8 million clients now use digital tools, a 40% rise compared to the prior year.

Despite these positives, adjusted operating income fell short due to higher expenses and market volatility impacting fee-based businesses. CFO Mike Maguire noted early-quarter declines in trading revenue but projected stabilization in the second half of 2025. The company aims to balance expense growth at 1% for the year while investing in talent and technology, with a focus on maintaining capital return and operating leverage.

Asset quality improved, with declining net charge-offs and nonperforming loans. Management expressed confidence in stable credit trends, supported by favorable Federal Reserve stress test results. Forward guidance assumes low single-digit loan growth and potential Fed rate cuts by year-end, with a strategic emphasis on digital innovation and disciplined credit management.

The strategy of buying the top 500 stocks by daily trading volume and holding them for one day from 2022 to now delivered moderate returns. The 1-day return was 0.98%, with a total return of 31.52% over 365 days. This indicates the strategy captured some short-term momentum but also reflected market volatility and potential timing risks.