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Truist Financial (TFC) Stock Forecast, Price & News

-0.52 (-1.57%)
(As of 04:33 PM ET)
Today's Range
50-Day Range
52-Week Range
8.32 million shs
Average Volume
13.02 million shs
Market Capitalization
$43.46 billion
P/E Ratio
Dividend Yield
Price Target

Truist Financial MarketRank™ Forecast

Analyst Rating
2.44 Rating Score
42.2% Upside
$46.19 Price Target
Short Interest
2.25% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
-0.67mentions of Truist Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$569,492 Bought Last Quarter
Proj. Earnings Growth
From $4.30 to $4.27 Per Share

Overall MarketRank

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

2.99 out of 5 stars

Finance Sector

74th out of 862 stocks

National Commercial Banks Industry

11th out of 85 stocks

TFC stock logo

About Truist Financial (NYSE:TFC) Stock

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.

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TFC Stock News Headlines

StockNews.com Lowers Truist Financial (NYSE:TFC) to Sell
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Truist Financial (NYSE:TFC) PT Lowered to $46.00
Truist Financial (NYSE:TFC) Issues Earnings Results
See More Headlines

TFC Price History

TFC Company Calendar

Last Earnings
Ex-Dividend for 6/1 Dividend
Dividend Payable
Next Earnings (Confirmed)
Fiscal Year End

Industry, Sector and Symbol

National commercial banks
Regional Banks
Year Founded

Price Target and Rating

Average Stock Price Forecast
High Stock Price Forecast
Low Stock Price Forecast
Forecasted Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
16 Analysts


Net Income
$6.26 billion
Pretax Margin


Sales & Book Value

Annual Sales
$25.36 billion
Cash Flow
$6.23 per share
Book Value
$40.60 per share


Outstanding Shares
Free Float
Market Cap
$44.15 billion

Social Links

Key Executives

  • Mr. William Henry Rogers Jr. (Age 65)
    Exec. Chairman, CEO & Pres
    Comp: $6.84M
  • Mr. Michael Baron MaguireMr. Michael Baron Maguire (Age 44)
    Sr. EVP & CFO
    Comp: $1.9M
  • Mr. Kelly Stuart King (Age 75)
    Exec. Director
    Comp: $90.41k
  • Mr. Clarke R. Starnes IIIMr. Clarke R. Starnes III (Age 64)
    Sr. EVP, Chief Risk Officer & Vice Chair
    Comp: $5.28M
  • Mr. Donta L. WilsonMr. Donta L. Wilson (Age 47)
    Sr. EVP & Chief Retail & Small Bus. Banking Officer
    Comp: $3.82M
  • Mr. Hugh Sterling Cummins III (Age 60)
    Vice Chair
    Comp: $3.87M
  • Mr. Scott E. CaseMr. Scott E. Case (Age 52)
    Chief Information Officer & Sr. EVP
  • Mr. Ankur Vyas
    Head of Investor Relations
  • Ms. Ellen M. FitzsimmonsMs. Ellen M. Fitzsimmons (Age 62)
    Sr. EVP, Chief Legal Officer & Head of Public Affairs
  • Mr. Scott Stanzel
    Exec. VP & Chief Communications Officer

TFC Stock - Frequently Asked Questions

Should I buy or sell Truist Financial stock right now?

16 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 7 buy ratings for the stock. The consensus among Wall Street research 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?

16 Wall Street analysts have issued 12-month target prices for Truist Financial's shares. Their TFC share price forecasts range from $39.00 to $54.00. On average, they predict the company's share price to reach $46.19 in the next year. This suggests a possible upside of 41.1% 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 start of the year. Since then, TFC stock has decreased by 23.9% and is now trading at $32.73.
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 Thursday, July 20th 2023.
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, July 20th 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) announced its quarterly earnings data on Thursday, April, 20th. The insurance provider reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by $0.04. The insurance provider earned $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Truist Financial had a trailing twelve-month return on equity of 12.37% and a net margin of 22.81%. The firm's revenue was up 15.0% on a year-over-year basis. During the same period last year, the company posted $1.23 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, April 25th. Investors of record on Friday, May 12th will be paid a dividend of $0.52 per share on Thursday, June 1st. This represents a $2.08 annualized dividend and a dividend yield of 6.36%. The ex-dividend date of this dividend is Thursday, May 11th.
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 6.21%. 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 46.33%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TFC will have a dividend payout ratio of 48.71% 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.51%), State Street Corp (4.41%), JPMorgan Chase & Co. (3.13%), Geode Capital Management LLC (1.80%), FMR LLC (1.61%) and Dodge & Cox (1.53%). Insiders that own company stock include Brantley J Standridge, 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, 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 $32.73.

How much money does Truist Financial make?

Truist Financial (NYSE:TFC) has a market capitalization of $43.59 billion and generates $25.36 billion in revenue each year. The insurance provider earns $6.26 billion in net income (profit) each year or $4.49 on an earnings per share basis.

How many employees does Truist Financial have?

The company employs 55,126 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 6/9/2023 by MarketBeat.com Staff

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