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Truist Financial Stock Price, News & Analysis (NYSE:TFC)

$34.43
+0.47 (+1.38%)
(As of 10:40 AM ET)
Compare
Today's Range
$33.73
$34.58
50-Day Range
$27.03
$33.96
52-Week Range
$25.56
$53.34
Volume
2.29 million shs
Average Volume
11.46 million shs
Market Capitalization
$45.92 billion
P/E Ratio
8.67
Dividend Yield
6.04%
Price Target
$37.41

Truist Financial MarketRank™ Stock Analysis

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
10.2% Upside
$37.41 Price Target
Short Interest
Healthy
0.78% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
-0.14mentions of Truist Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$280,500 Bought Last Quarter
Proj. Earnings Growth
-8.78%
From $3.76 to $3.43 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.14 out of 5 stars

Finance Sector

11th out of 694 stocks

National Commercial Banks Industry

2nd out of 68 stocks


TFC stock logo

About Truist Financial Stock (NYSE:TFC)

Truist Financial Corporation is an American bank holding company that provides various financial services to individuals and businesses. The company was formed in December 2019 through the merger of BB&T Corporation, and SunTrust Banks, Inc. Truist Financial Corporation is headquartered in Charlotte, North Carolina and operates over 2,500 branches in 15 states and over 3,000 ATMs across the United States. The company aims to help clients achieve financial confidence and security through personalized financial solutions.

A diverse and competent team leads Truist Financial Corporation, with William H. Rogers Jr. as the Chairman and Chief Executive Officer. Previously, William Rogers was the Chief Operating Officer for Truist with a history of working in different senior management positions starting in 1980. Also notable on the executive leadership team is Mark Maguire, the Chief Operating Officer with over 20 years of tenure at Truist working in multiple sectors, from merchant services to consumer finance. 

Truist Financial Corporation has mixed financial performance, with stagnant revenue growth over the past few years. The company reported a 4% increase on average in the past few years. Truist Financial Corporation maintains a healthy balance sheet, with assets sufficient to cover liabilities. The company's debt-to-equity ratio indicates a moderate level of debt. Truist Financial Corporation trades at a price-to-earnings ratio lower than the industry average. The company's price-to-book ratio is slightly lower than the industry average. These metrics suggest that Truist Financial Corporation is possibly undervalued relative to its peers. Truist Financial Corporation has performed on par with industry peers over the past year.  

Truist Financial Corporation operates in the highly competitive banking industry, subject to various regulatory and political issues. The industry is dominated by a few prominent players, including JPMorgan Chase & Co., Bank of America Corporation, and Wells Fargo & Company. Truist Financial Corporation competes primarily based on its ability to provide personalized financial solutions to its clients. Technological advancements have also impacted the banking industry, enabling digital banks and fintech companies to compete with traditional banks. Truist Financial Corporation has responded to this trend by investing in its digital capabilities and launching new digital products and services.

Truist Financial Corporation has several growth opportunities that enable the company to expand its business and increase its market share. The company has announced plans to expand its presence in several key markets, including Texas and California, through acquisitions and organic growth. Truist Financial Corporation has also invested in its digital capabilities, which has allowed the company to provide a range of digital banking services to its clients. The company's digital banking platform, Truist Digital, offers a range of features, including mobile banking, online banking, and digital payments. In addition, Truist Financial Corporation has announced plans to launch a new digital bank, Truist Bank, which will offer clients a range of innovative financial solutions.

Truist Financial Corporation has also identified several growth opportunities in its commercial banking business. The company has announced plans to expand its commercial lending capabilities, focusing on lending to small and mid-sized companies. Truist Financial Corporation has also identified opportunities to grow its wealth management business, focusing on serving high-net-worth clients.

Truist Financial Corporation faces risks and challenges that may impact its future performance. One of the company's most significant risks is the potential for increased competition from digital banks and fintech companies. These companies have rapidly gained market share by offering innovative financial solutions and leveraging technology to improve customer experience. Truist Financial Corporation has responded to this challenge by investing in its digital capabilities and launching new digital products and services.

Another risk facing Truist Financial Corporation is the potential for increased regulatory and political pressure. The banking industry is heavily regulated, and regulation changes can significantly impact the industry. Truist Financial Corporation has a strong compliance culture and is well-positioned to adapt to changes in regulatory requirements.

Truist Financial Corporation may face challenges maintaining its strong financial performance during economic downturns or other external factors. The company's strong balance sheet and conservative approach to risk management should help mitigate these risks. However, there is always the potential for unexpected events to impact the company's financial performance.

TFC Stock Price History

TFC Stock News Headlines

Truist Financial Sees Unusually High Options Volume (NYSE:TFC)
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Truist Is Pounding the Table on Lululemon (LULU) Stock
Truist Financial Q3: Cracks Are Appearing
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology
Autonomix is preparing a public listing as they develop technology to potentially detect and treat a range of nervous system disorders with much greater visibility than available today. Now, their management team sees a potentially untapped $100B market opportunity.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Truist Financial: Top Value Pick From Beaten-Down Banks
Truist Financial: My Oh My, Another Strong Buy
Truist Financial: Risky High-Yielder
Truist: Priced For Disaster, Set For Recovery
Truist: Don't Forget About This Deep Value Gem
See More Headlines
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Company Calendar

Last Earnings
10/19/2023
Ex-Dividend for 12/1 Dividend
11/09/2023
Dividend Payable
12/01/2023
Today
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Confirmed)
1/18/2024

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
89832Q109
Employees
55,126
Year Founded
2019

Price Target and Rating

Average Stock Price Target
$37.41
High Stock Price Target
$53.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+10.2%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
17 Analysts

Profitability

Net Income
$6.26 billion
Pretax Margin
21.64%

Debt

Sales & Book Value

Annual Sales
$23.90 billion
Cash Flow
$6.42 per share
Book Value
$40.60 per share

Miscellaneous

Outstanding Shares
1,333,668,000
Free Float
1,329,534,000
Market Cap
$45.29 billion
Optionable
Optionable
Beta
1.12

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Should I Buy Truist Financial Stock? TFC Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Truist Financial was last updated on Tuesday, November 28, 2023 at 9:33 AM.

Pros

Here are some ways that investors could benefit from investing in Truist Financial Co.:

  • Truist Financial Corporation provides banking and trust services in the Southeastern and Mid-Atlantic United States.
  • Truist Financial Corporation has a long history, being founded in 1872.
  • Truist Financial Corporation is headquartered in Charlotte, North Carolina.
  • Recent developments have shown positive growth and performance for Truist Financial Corporation.
  • Investing in Truist Financial Corporation offers exposure to the financial sector, which can provide diversification to an investment portfolio.

Cons

Investors should be bearish about investing in Truist Financial Co. for these reasons:

  • It is important to consider the current stock price of Truist Financial Corporation before making an investment decision.
  • Market conditions and economic factors can impact the performance of Truist Financial Corporation.
  • Investing in the financial sector carries inherent risks, including regulatory changes and market volatility.
  • Competition within the banking and trust services industry can affect Truist Financial Corporation's market share and profitability.
  • Investors should carefully evaluate their investment goals and risk tolerance before investing in Truist Financial Corporation.














TFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Truist Financial stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 10 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" TFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TFC, but not buy additional shares or sell existing shares.
View TFC analyst ratings
or view top-rated stocks.

What is Truist Financial's stock price target for 2024?

17 equities research analysts have issued 12 month price targets for Truist Financial's shares. Their TFC share price targets range from $28.00 to $53.00. On average, they anticipate the company's stock price to reach $37.41 in the next year. This suggests a possible upside of 10.2% from the stock's current price.
View analysts price targets for TFC
or view top-rated stocks among Wall Street analysts.

How have TFC shares performed in 2023?

Truist Financial's stock was trading at $43.03 at the beginning of 2023. Since then, TFC shares have decreased by 21.1% and is now trading at $33.96.
View the best growth stocks for 2023 here
.

Are investors shorting Truist Financial?

Truist Financial saw a decline in short interest in the month of October. As of October 31st, there was short interest totaling 11,590,000 shares, a decline of 21.4% from the October 15th total of 14,740,000 shares. Based on an average daily trading volume, of 10,190,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.9% of the shares of the company are sold short.
View Truist Financial's Short Interest
.

When is Truist Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our TFC earnings forecast
.

How can I listen to Truist Financial's earnings call?

Truist Financial will be holding an earnings conference call on Thursday, January 18th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Truist Financial's earnings last quarter?

Truist Financial Co. (NYSE:TFC) released its quarterly earnings data on Thursday, October, 19th. The insurance provider reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by $0.02. The insurance provider had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.70 billion. Truist Financial had a net margin of 17.59% and a trailing twelve-month return on equity of 10.74%. The business's revenue was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.24 EPS.
Read the conference call transcript
.

How often does Truist Financial pay dividends? What is the dividend yield for Truist Financial?

Truist Financial announced a special dividend on Tuesday, October 24th. Investors of record on Friday, November 10th will be paid a dividend of $0.52 per share on Friday, December 1st. This represents a yield of 7.4%. The ex-dividend date of this dividend is Thursday, November 9th.
Read our dividend analysis for TFC
.

Is Truist Financial a good dividend stock?

Truist Financial (NYSE:TFC) pays an annual dividend of $2.08 per share and currently has a dividend yield of 6.25%. TFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 52.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TFC will have a dividend payout ratio of 60.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TFC.

What is Kelly S. King's approval rating as Truist Financial's CEO?

108 employees have rated Truist Financial Chief Executive Officer Kelly S. King on Glassdoor.com. Kelly S. King has an approval rating of 92% among the company's employees. This puts Kelly S. King in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Truist Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Truist Financial investors own include Bank of America (BAC), AT&T (T), JPMorgan Chase & Co. (JPM), AbbVie (ABBV), Verizon Communications (VZ), Wells Fargo & Company (WFC), Walt Disney (DIS), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and Pfizer (PFE).

Who are Truist Financial's major shareholders?

Truist Financial's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Charles Schwab Investment Management Inc. (1.33%), JPMorgan Chase & Co. (1.20%), Royal Bank of Canada (1.15%), Morgan Stanley (1.15%), Massachusetts Financial Services Co. MA (1.10%) and Northern Trust Corp (1.00%). Insiders that own company stock include Brantley J Standridge, Charles A Patton, Clarke R Starnes III, Cynthia B Powell, Daryl N Bible, David Hudson Weaver, David M Ratcliffe, Hugh S Cummins III, Joseph M Thompson, K David Jr Boyer, Kelly S King, Michael Baron Maguire, Scott Case, Steven C Voorhees, Thomas Nichols Thompson and William H Rogers Jr.
View institutional ownership trends
.

How do I buy shares of Truist Financial?

Shares of TFC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

Does Truist Financial have any subsidiaries?
The following companies are subsidiares of Truist Financial: Long Game, and United eWay.
Read More
This page (NYSE:TFC) was last updated on 12/8/2023 by MarketBeat.com Staff

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