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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
Laser breakthrough could send stock soaring 2,467% (Ad)
Things to know about California's new proposed rules for insurance companies
MarketBeat Week in Review – 9/18 - 9/22
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/22/2023
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
New York to require flood disclosures in home sales as sea levels rise and storms worsen
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
Laser breakthrough could send stock soaring 2,467% (Ad)
Things to know about California's new proposed rules for insurance companies
MarketBeat Week in Review – 9/18 - 9/22
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/22/2023
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
New York to require flood disclosures in home sales as sea levels rise and storms worsen
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
3 Reasons This Sleeping Giant Is About To Wake Up
Laser breakthrough could send stock soaring 2,467% (Ad)
Things to know about California's new proposed rules for insurance companies
MarketBeat Week in Review – 9/18 - 9/22
Laser breakthrough could send stock soaring 2,467% (Ad)
How major US stock indexes fared Friday, 9/22/2023
The federal government is headed into a shutdown. What does it mean, who's hit and what's next?
AI Creates New Cancer Drug - In Just 30 Days! (Ad)
At UN, African leaders say enough is enough: They must be partnered with, not sidelined
New York to require flood disclosures in home sales as sea levels rise and storms worsen
NYSE:TFC

Truist Financial (TFC) Stock Forecast, Price & News

$28.07
-0.09 (-0.32%)
(As of 09/22/2023 ET)
Compare
Today's Range
$27.85
$28.34
50-Day Range
$28.05
$35.59
52-Week Range
$25.56
$53.34
Volume
7.90 million shs
Average Volume
10.01 million shs
Market Capitalization
$37.39 billion
P/E Ratio
6.50
Dividend Yield
7.41%
Price Target
$39.36

Truist Financial MarketRank™ Forecast

Analyst Rating
Hold
2.39 Rating Score
Upside/​Downside
40.2% Upside
$39.36 Price Target
Short Interest
Healthy
1.14% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.75mentions of Truist Financial in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.23%
From $3.71 to $3.59 Per Share

Overall MarketRank

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

3.21 out of 5 stars

Finance Sector

25th out of 794 stocks

National Commercial Banks Industry

9th out of 79 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.

TFC Price History

TFC Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Truist Financial (NYSE:TFC) Downgraded by Piper Sandler to "Neutral"
Truist Financial (NYSE:TFC) Shares Gap Down to $29.42
Watch SHOCKING Footage of AI Facility with Ties to Elon Musk
I recently traveled more than 3,000 miles and shot this video outside what could end up being Elon Musk’s biggest secret. Most people don’t know about this facility, but it could be the most important AI project in the world. What’s happening inside these walls is so important that our government has declared it a matter of national security.
Truist Financial: Risky High-Yielder
Truist: Priced For Disaster, Set For Recovery
Truist: Don't Forget About This Deep Value Gem
Disaster Or Opportunity: It's All A Matter Of Truist
Hedge Funds Are Warming Up To BB&T Corporation (BBT)
See More Headlines
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TFC Company Calendar

Last Earnings
7/20/2023
Ex-Dividend for 9/1 Dividend
8/10/2023
Dividend Payable
9/01/2023
Today
9/23/2023
Next Earnings (Confirmed)
10/19/2023
Fiscal Year End
12/31/2023

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 Forecast
$39.36
High Stock Price Forecast
$53.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+40.2%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$6.26 billion
Pretax Margin
24.85%

Debt

Sales & Book Value

Annual Sales
$25.36 billion
Cash Flow
$6.27 per share
Book Value
$40.60 per share

Miscellaneous

Outstanding Shares
1,331,980,000
Free Float
1,327,847,000
Market Cap
$37.39 billion
Optionable
Optionable
Beta
1.05

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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?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last year. There are currently 11 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities 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?

18 brokers have issued twelve-month price targets for Truist Financial's shares. Their TFC share price forecasts range from $29.00 to $53.00. On average, they anticipate the company's share price to reach $39.36 in the next twelve months. This suggests a possible upside of 40.2% 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 the year. Since then, TFC stock has decreased by 34.8% and is now trading at $28.07.
View the best growth stocks for 2023 here
.

Are investors shorting Truist Financial?

Truist Financial saw a decrease in short interest in August. As of August 31st, there was short interest totaling 15,100,000 shares, a decrease of 26.1% from the August 15th total of 20,420,000 shares. Based on an average daily trading volume, of 10,450,000 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.1% 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, October 19th 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, October 19th 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, July, 20th. The insurance provider reported $0.92 EPS for the quarter, missing the consensus estimate of $1.00 by $0.08. The insurance provider had revenue of $5.97 billion for the quarter, compared to analysts' expectations of $5.97 billion. Truist Financial had a net margin of 20.17% and a trailing twelve-month return on equity of 11.73%. Truist Financial's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 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, July 25th. Stockholders of record on Friday, August 11th will be given a dividend of $0.52 per share on Friday, September 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date of this dividend is Thursday, August 10th.
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 7.39%. 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 48.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TFC will have a dividend payout ratio of 57.94% 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 a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (7.38%), State Street Corp (4.49%), Geode Capital Management LLC (1.84%), JPMorgan Chase & Co. (1.67%), Charles Schwab Investment Management Inc. (1.33%) and Diamond Hill Capital Management Inc. (1.14%). 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, 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 $28.07.

How much money does Truist Financial make?

Truist Financial (NYSE:TFC) has a market capitalization of $37.39 billion and generates $25.36 billion in revenue each year. The insurance provider earns $6.26 billion in net income (profit) each year or $4.32 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 9/23/2023 by MarketBeat.com Staff

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