NYSE:TFC

Truist Financial Stock Forecast, Price & News

$56.69
-1.30 (-2.24 %)
(As of 06/14/2021 12:00 AM ET)
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Today's Range
$56.32
$58.04
50-Day Range
$55.75
$62.14
52-Week Range
$33.47
$62.69
Volume7.44 million shs
Average Volume5.88 million shs
Market Capitalization$76.24 billion
P/E Ratio16.97
Dividend Yield3.10%
Beta1.34
30 days | 90 days | 365 days | Advanced Chart
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Truist Financial logo

About Truist Financial

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2020, the company operated through 2,781 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

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MarketRank

Overall MarketRank

1.74 out of 5 stars

Finance Sector

404th out of 1,976 stocks

National Commercial Banks Industry

42nd out of 167 stocks

Analyst Opinion: 1.2Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Truist Financial (NYSE:TFC) Frequently Asked Questions

Is Truist Financial a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Truist Financial in the last twelve months. There are currently 7 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Truist Financial stock. 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 analyst ratings for Truist Financial
or view top-rated stocks.

What stocks does MarketBeat like better than Truist Financial?

Wall Street analysts have given Truist Financial a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Truist Financial wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Truist Financial?

Truist Financial saw a decline in short interest in the month of May. As of May 28th, there was short interest totaling 10,890,000 shares, a decline of 15.4% from the May 13th total of 12,870,000 shares. Based on an average daily trading volume, of 5,740,000 shares, the short-interest ratio is presently 1.9 days.
View Truist Financial's Short Interest
.

When is Truist Financial's next earnings date?

Truist Financial is scheduled to release its next quarterly earnings announcement on Thursday, July 15th 2021.
View our earnings forecast for Truist Financial
.

How were Truist Financial's earnings last quarter?

Truist Financial Co. (NYSE:TFC) issued its quarterly earnings results on Wednesday, April, 14th. The insurance provider reported $1.18 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.11 by $0.07. The insurance provider earned $5.48 billion during the quarter, compared to analyst estimates of $5.43 billion. Truist Financial had a net margin of 20.04% and a trailing twelve-month return on equity of 9.48%. The business's revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 earnings per share.
View Truist Financial's earnings history
.

How has Truist Financial's stock been impacted by COVID-19 (Coronavirus)?

Truist Financial's stock was trading at $33.66 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, TFC stock has increased by 68.4% and is now trading at $56.69.
View which stocks have been most impacted by COVID-19
.

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

Truist Financial announced a quarterly dividend on Tuesday, April 27th. Investors of record on Friday, May 14th will be given a dividend of $0.45 per share on Tuesday, June 1st. This represents a $1.80 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Thursday, May 13th.
View Truist Financial's dividend history
.

Is Truist Financial a good dividend stock?

Truist Financial pays an annual dividend of $1.80 per share and currently has a dividend yield of 3.10%. Truist Financial does not yet have a strong track record of dividend growth. The dividend payout ratio of Truist Financial is 47.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Truist Financial will have a dividend payout ratio of 37.66% next year. This indicates that Truist Financial will be able to sustain or increase its dividend.
View Truist Financial's dividend history.

What price target have analysts set for TFC?

11 equities research analysts have issued twelve-month price objectives for Truist Financial's stock. Their forecasts range from $47.00 to $68.00. On average, they expect Truist Financial's stock price to reach $59.57 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
View analysts' price targets for Truist Financial
or view top-rated stocks among Wall Street analysts.

Who are Truist Financial's key executives?

Truist Financial's management team includes the following people:
  • Mr. Kelly Stuart King, Chairman & CEO (Age 73, Pay $7.1M)
  • Mr. William Henry Rogers Jr., Pres, COO & Director (Age 63, Pay $3.78M)
  • Mr. Daryl N. Bible, Sr. EVP & CFO (Age 60, Pay $2.83M) (LinkedIn Profile)
  • Mr. Christopher Lee Henson, Sr. EVP and Head of Banking & Insurance (Age 60, Pay $3.36M)
  • Mr. Clarke R. Starnes III, Sr. EVP & Chief Risk Officer (Age 62, Pay $2.84M)
  • Mr. Scott E. Case, Chief Information Officer & Sr. EVP (Age 50) (LinkedIn Profile)
  • Mr. Ankur Vyas, Head of Investor Relations
  • Ms. Ellen M. Fitzsimmons, Sr. EVP, Chief Legal Officer, Head of Enterprise Diversity & Corp. Sec. (Age 60) (LinkedIn Profile)
  • Brian Davis, Sr. VP of Corp. Communications
  • Mr. Vinoo Vijay, Chief Marketing Officer

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

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

Who are some of Truist Financial's key competitors?

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), The 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.92%), Capital International Investors (4.09%), JPMorgan Chase & Co. (4.03%), Massachusetts Financial Services Co. MA (1.99%), Geode Capital Management LLC (1.46%) and Boston Partners (1.29%). Company insiders that own Truist Financial stock include Brantley J Standridge, Clarke R Starnes III, Cynthia B Powell, David Hudson Weaver, Donta L Wilson, Ellen Koebler, Global Food Holdings Lp 3G, Joseph M Thompson, K David Jr Boyer, Kelly S King, Kimberly Moore-Wright, Michael Baron Maguire, Nido R Qubein, Scott Case, Thomas E Skains, Thomas Nichols Thompson and William H Rogers Jr.
View institutional ownership trends for Truist Financial
.

Which major investors are selling Truist Financial stock?

TFC stock was sold by a variety of institutional investors in the last quarter, including Capital International Investors, Massachusetts Financial Services Co. MA, Franklin Resources Inc., Schafer Cullen Capital Management Inc, First Eagle Investment Management LLC, Burgundy Asset Management Ltd., Retirement Systems of Alabama, and Ferguson Wellman Capital Management Inc.. Company insiders that have sold Truist Financial company stock in the last year include Brantley J Standridge, Clarke R Starnes III, Cynthia B Powell, David Hudson Weaver, Joseph M Thompson, K David Jr Boyer, Kimberly Moore-Wright, Michael Baron Maguire, Scott Case, Thomas Nichols Thompson, and William H Rogers Jr.
View insider buying and selling activity for Truist Financial
or view top insider-selling stocks.

Which major investors are buying Truist Financial stock?

TFC stock was bought by a variety of institutional investors in the last quarter, including Amundi Asset Management US Inc., BlackRock Inc., JPMorgan Chase & Co., Cullen Capital Management LLC, Federated Hermes Inc., Select Equity Group L.P., Price T Rowe Associates Inc. MD, and Renaissance Technologies LLC. Company insiders that have bought Truist Financial stock in the last two years include Nido R Qubein, and Thomas Nichols Thompson.
View insider buying and selling activity for Truist Financial
or or view top insider-buying stocks.

How do I buy shares of Truist Financial?

Shares of TFC 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 $56.69.

How much money does Truist Financial make?

Truist Financial has a market capitalization of $76.24 billion and generates $24.43 billion in revenue each year. The insurance provider earns $4.48 billion in net income (profit) each year or $3.80 on an earnings per share basis.

How many employees does Truist Financial have?

Truist Financial employs 54,982 workers across the globe.

Does Truist Financial have any subsidiaries?

The following companies are subsidiares of Truist Financial: United eWay.

When was Truist Financial founded?

Truist Financial was founded in 2019.

What is Truist Financial's official website?

The official website for Truist Financial is www.truist.com.

Where are Truist Financial's headquarters?

Truist Financial is headquartered at 214 NORTH TRYON STREET, CHARLOTTE NC, 28202.

How can I contact Truist Financial?

Truist Financial's mailing address is 214 NORTH TRYON STREET, CHARLOTTE NC, 28202. The insurance provider can be reached via phone at 336-733-2000 or via email at [email protected]


This page was last updated on 6/14/2021 by MarketBeat.com Staff
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