Truist Financial rises on Q3 profit beat

By Reuters News

** US lender Truist Financial's TFC.N shares up 2.6% at $47.85

** Co reports Q3 adjusted EPS of $1.16, beating analysts' estimates of $1.11 - LSEG data

** Adjusted revenue of $5.3 billion, however, falls short of estimate of $5.35 billion

** Co also took $1.4 billion loss on sale of some bonds and a $66 million loss on sale of some subprime loans through its auto lending unit, Regional Acceptance Corporation.

** Stock trading at 9.48 times expected EPS over next 12 months, below industry median of 10.18

** 6 of 22 brokerages rate stock "buy" or higher, 12 "hold" and 4 "sell"; median PT $54.50 - LSEG data

** Including session's move, TFC stock down nearly 3% YTD

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