Discover Financial Services DFS reported strong third-quarter results supported by interest income growth, thanks to a high-interest rate environment, lower provision for credit losses, growing loans,

Q3 earnings exceeded the average analyst estimate as noninterest income climbed, on higher investment banking and trading income. Net interest income also rose, but failed to meet the Wall Street consensus.

Truist Financial executed $500 million in share buybacks in the quarter. The bank grew its revenue robustly in the third quarter, but loan demand slackened. Truist Financial, which was formed through the merger of BB&T and SunTrust in 2019,

Looking ahead to Q4, Truist is preparing for a 1.5% dip in adjusted revenue, right in line with market expectations, while forecasting a 4% uptick in adjusted expenses driven by higher tech investments and professional fees.

Truist Financial’s TFC third-quarter 2024 adjusted earnings of 97 cents per share handily surpassed the Zacks Consensus Estimate of 89 cents. The figure, also, jumped 21.3% year over year. Stay up-to-date with all quarterly releases: See ZacksEarnings Calendar.