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Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
NYSE:TFC

Truist Financial - TFC Stock Forecast, Price & News

$50.39
+0.76 (+1.53%)
(As of 02/2/2023 12:00 AM ET)
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Compare
Today's Range
$49.50
$50.57
50-Day Range
$41.12
$49.63
52-Week Range
$40.01
$66.10
Volume
6.48 million shs
Average Volume
7.31 million shs
Market Capitalization
$66.86 billion
P/E Ratio
11.37
Dividend Yield
4.21%
Price Target
$51.91

Truist Financial MarketRank™ Forecast

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
3.0% Upside
$51.91 Price Target
Short Interest
Healthy
1.05% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
-0.17mentions of Truist Financial in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$1.73 M Sold Last Quarter
Proj. Earnings Growth
4.74%
From $4.85 to $5.08 Per Share

Overall MarketRank

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

2.12 out of 5 stars

Finance Sector

517th out of 879 stocks

National Commercial Banks Industry

52nd out of 85 stocks

TFC stock logo

About Truist Financial (NYSE:TFC) Stock

Truist Financial Corp. is a financial holding company, which engages in the provision of banking services to individuals, businesses, and municipalities. It operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, Insurance Holdings, and Other, Treasury & Corporate. The Consumer Banking and Wealth segment consists of Retail Community Banking, National Consumer Finance, Services, Payments, Wealth Management and Banking Products and Professional Services and Mortgage Banking. The Corporate and Commercial Banking segment consists of Corporate and Investment Banking, Commercial Community Banking and Commercial Real Estate. The Insurance Holdings segment provides property and casualty, employee benefits and life insurance to businesses and individuals and also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. It offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer fi

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TFC Stock News Headlines

Truist Financial (NYSE:TFC) Stock Rating Lowered by Stephens
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Janney steps to the sidelines on BB&T ahead of merger
BB&T Announces Fourth-Quarter Dividends
BlackBerry names two to C-suite - Seeking Alpha
Is BB&T Corporation's (NYSE:BBT) CEO Being Overpaid?
See More Headlines
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TFC Company Calendar

Last Earnings
10/14/2021
Ex-Dividend for 12/1 Dividend
11/09/2022
Dividend Payable
12/01/2022
Today
2/03/2023
Ex-Dividend for 3/1 Dividend
2/09/2023
Dividend Payable
3/01/2023
Next Earnings (Estimated)
4/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
National commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
89832Q109
Employees
52,641
Year Founded
2019

Price Target and Rating

Average Stock Price Forecast
$51.91
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$41.00
Forecasted Upside/Downside
+3.0%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
14 Analysts

Profitability

Net Income
$6.26 billion
Pretax Margin
30.25%

Debt

Sales & Book Value

Annual Sales
$25.36 billion
Cash Flow
$5.96 per share
Book Value
$40.60 per share

Miscellaneous

Outstanding Shares
1,326,770,000
Free Float
1,322,653,000
Market Cap
$66.86 billion
Optionable
Optionable
Beta
1.09

Social Links


Key Executives

  • Bill Rogers
    Chairman & Chief Executive Officer
  • Michael B. MaguireMichael B. Maguire
    Chief Financial Officer
  • Clarke R. StarnesClarke R. Starnes
    Chief Risk Officer & Senior Executive VP
  • Cynthia B. Powell
    Chief Accounting Officer, EVP & Controller
  • Lissa Miller
    Chief Supplier Diversity Officer & Senior VP













TFC Stock - Frequently Asked Questions

Should I buy or sell Truist Financial stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 1 sell rating, 8 hold ratings and 5 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 forecast for 2023?

14 equities research analysts have issued 12 month target prices for Truist Financial's shares. Their TFC share price forecasts range from $41.00 to $60.00. On average, they expect the company's stock price to reach $51.91 in the next year. This suggests a possible upside of 3.0% 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 on January 1st, 2023. Since then, TFC shares have increased by 17.1% and is now trading at $50.39.
View the best growth stocks for 2023 here
.

When is Truist Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our TFC earnings forecast
.

How were Truist Financial's earnings last quarter?

Truist Financial Co. (NYSE:TFC) announced its earnings results on Thursday, October, 14th. The insurance provider reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.22. The insurance provider had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.53 billion. Truist Financial had a trailing twelve-month return on equity of 12.53% and a net margin of 24.69%. The company's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 earnings per share.
Read the conference call transcript
.

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

Truist Financial declared a quarterly dividend on Tuesday, January 24th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.52 per share on Wednesday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date is Thursday, February 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 4.21%. TFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 46.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TFC will have a dividend payout ratio of 40.94% 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).

What is Truist Financial's stock symbol?

Truist Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "TFC."

Who are Truist Financial's major shareholders?

Truist Financial's stock is owned by many different retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), New York State Common Retirement Fund (0.20%), DekaBank Deutsche Girozentrale (0.16%), Assenagon Asset Management S.A. (0.16%), Bank of Montreal Can (0.15%) and New York State Teachers Retirement System (0.11%). Insiders that own company stock include Brantley J Standridge, Brantley J Standridge, Clarke R Starnes III, Cynthia B Powell, Daryl N Bible, David Hudson Weaver, David M Ratcliffe, Ellen Koebler, Hugh S Cummins III, Joseph M Thompson, K David Jr Boyer, Kelly S King, Kimberly Moore-Wright, Michael Baron Maguire, Nido R Qubein, 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.

What is Truist Financial's stock price today?

One share of TFC stock can currently be purchased for approximately $50.39.

How much money does Truist Financial make?

Truist Financial (NYSE:TFC) has a market capitalization of $66.86 billion and generates $25.36 billion in revenue each year. The insurance provider earns $6.26 billion in net income (profit) each year or $4.43 on an earnings per share basis.

How many employees does Truist Financial have?

The company employs 52,641 workers across the globe.

Does Truist Financial have any subsidiaries?
The following companies are subsidiares of Truist Financial: Long Game, and United eWay.
Read More
How can I contact Truist Financial?

Truist Financial's mailing address is 214 NORTH TRYON STREET, CHARLOTTE NC, 28202. The official website for the company is www.truist.com. The insurance provider can be reached via phone at (336) 733-2000, via email at investors@truist.com, or via fax at 336-721-3499.

This page (NYSE:TFC) was last updated on 2/3/2023 by MarketBeat.com Staff