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NYSE:TFC

Truist Financial (TFC) Stock Price, News & Analysis

$34.81
-0.07 (-0.20%)
(As of 02/28/2024 ET)
Today's Range
$34.64
$35.20
50-Day Range
$34.53
$38.18
52-Week Range
$25.56
$47.04
Volume
5.51 million shs
Average Volume
9.90 million shs
Market Capitalization
$46.43 billion
P/E Ratio
N/A
Dividend Yield
5.98%
Price Target
$39.87

Truist Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
14.5% Upside
$39.87 Price Target
Short Interest
Healthy
1.11% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.07mentions of Truist Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.03%
From $3.35 to $3.82 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.61 out of 5 stars

Finance Sector

142nd out of 853 stocks

National Commercial Banks Industry

19th out of 84 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 Foundation Inspire Awards registration now open
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Truist Financial (NYSE:TFC) Downgraded by StockNews.com to "Sell"
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Truist Charitable Fund names 17 new grant recipients
Truist Financial: Don't Let The Net Loss Scare You
Truist Financial Q4 Earnings: What Can We Expect?
Truist Is Pounding the Table on Lululemon (LULU) Stock
Truist Financial Q3: Cracks Are Appearing
Truist Financial: Top Value Pick From Beaten-Down Banks
Truist Financial: My Oh My, Another Strong Buy
See More Headlines
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Company Calendar

Ex-Dividend for 12/1 Dividend
11/09/2023
Dividend Payable
12/01/2023
Last Earnings
1/18/2024
Ex-Dividend for 3/1 Dividend
2/08/2024
Today
2/28/2024
Dividend Payable
3/01/2024
Next Earnings (Estimated)
4/18/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$39.87
High Stock Price Target
$53.00
Low Stock Price Target
$28.00
Potential Upside/Downside
+14.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
19 Analysts

Profitability

Net Income
$-1,091,000,000.00
Pretax Margin
-0.56%

Debt

Sales & Book Value

Annual Sales
$33.25 billion
Cash Flow
$9.04 per share
Book Value
$39.42 per share

Miscellaneous

Outstanding Shares
1,333,670,000
Free Float
1,329,534,000
Market Cap
$46.43 billion
Optionable
Optionable
Beta
1.09

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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 Thursday, February 22, 2024 at 9:38 PM.

Pros

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

  • Truist Financial Co. has shown consistent growth in its consumer banking and wealth segment, indicating a strong revenue stream.
  • The company offers a diverse range of financial services, including asset management, insurance products, investment brokerage, and wealth management, providing investors with multiple avenues for potential returns.
  • Truist Financial Co. has a solid track record of providing various lending services such as automobile lending, credit card lending, and mortgage lending, contributing to its revenue stability.
  • Recent market trends suggest a positive outlook for the banking sector, which could benefit Truist Financial Co. and its investors.
  • With a current stock price that reflects the company's growth potential, investing in Truist Financial Co. at this stage could offer favorable returns.

Cons

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

  • Truist Financial Co. operates primarily in the Southeastern and Mid-Atlantic United States, which may limit its geographical diversification and expose it to regional economic fluctuations.
  • The competitive landscape in the banking industry is intense, with other major players vying for market share, potentially impacting Truist Financial Co.'s profitability.
  • Regulatory changes in the financial sector could pose challenges for Truist Financial Co., affecting its operations and profitability.
  • Market volatility and economic uncertainties could impact Truist Financial Co.'s performance and stock price, leading to potential investment risks.
  • Investors should carefully monitor interest rate movements as they can significantly influence Truist Financial Co.'s lending business and overall financial performance.














TFC Stock Analysis - Frequently Asked Questions

Should I buy or sell Truist Financial stock right now?

19 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 9 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TFC shares.
View TFC analyst ratings
or view top-rated stocks.

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

19 brokerages have issued twelve-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 $39.87 in the next twelve months. This suggests a possible upside of 14.5% 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 2024?

Truist Financial's stock was trading at $36.92 at the beginning of 2024. Since then, TFC stock has decreased by 5.7% and is now trading at $34.81.
View the best growth stocks for 2024 here
.

Are investors shorting Truist Financial?

Truist Financial saw a drop in short interest in the month of January. As of January 31st, there was short interest totaling 14,700,000 shares, a drop of 17.6% from the January 15th total of 17,830,000 shares. Based on an average daily trading volume, of 9,550,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 1.1% of the company's stock 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, April 18th 2024.
View our TFC earnings forecast
.

How were Truist Financial's earnings last quarter?

Truist Financial Co. (NYSE:TFC) announced its quarterly earnings results on Thursday, January, 18th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The insurance provider earned $5.70 billion during the quarter, compared to analyst estimates of $5.70 billion. Truist Financial had a negative net margin of 3.28% and a positive trailing twelve-month return on equity of 9.64%. During the same period last year, the company posted $1.30 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 announced a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Friday, February 9th will be paid a dividend of $0.52 per share on Friday, March 1st. This represents a $2.08 annualized dividend and a dividend yield of 5.98%. The ex-dividend date of this dividend is Thursday, February 8th.
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 6.02%. TFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for TFC.

What guidance has Truist Financial issued on next quarter's earnings?

Truist Financial updated its FY 2024 earnings guidance on Thursday, January, 18th. The company provided EPS guidance of for the period. The company issued revenue guidance of $22.9 billion-$23.4 billion, compared to the consensus revenue estimate of $23.0 billion.

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 investors include Vanguard Group Inc. (8.84%), Dodge & Cox (3.99%), Charles Schwab Investment Management Inc. (1.44%), Northern Trust Corp (0.97%), Legal & General Group Plc (0.77%) and Federated Hermes Inc. (0.75%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 2/28/2024 by MarketBeat.com Staff

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