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S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Baby eels remain one of America's most valuable fish after strong year in Maine
China's 1st domestically made passenger plane completes maiden commercial flight
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
'Succession' fans brace for series finale of Emmy-winning hit drama
3 Free Stock Picks per Day (Ad)
Voters in Turkey choose between Erdogan and Kilicdaroglu in presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Baby eels remain one of America's most valuable fish after strong year in Maine
China's 1st domestically made passenger plane completes maiden commercial flight
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
'Succession' fans brace for series finale of Emmy-winning hit drama
3 Free Stock Picks per Day (Ad)
Voters in Turkey choose between Erdogan and Kilicdaroglu in presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
MarketBeat Week in Review – 5/22 - 5/26
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
Baby eels remain one of America's most valuable fish after strong year in Maine
China's 1st domestically made passenger plane completes maiden commercial flight
[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser (Ad)
EgyptAir flight from Cairo blows tire during landing in Saudi Arabia
'Succession' fans brace for series finale of Emmy-winning hit drama
3 Free Stock Picks per Day (Ad)
Voters in Turkey choose between Erdogan and Kilicdaroglu in presidential runoff
Russia launched 'largest drone attack' on Ukrainian capital before Kyiv Day; 1 killed
NYSE:TFC

Truist Financial (TFC) Stock Forecast, Price & News

$30.70
+0.17 (+0.56%)
(As of 05/26/2023 ET)
Compare
Today's Range
$30.06
$30.98
50-Day Range
$26.21
$34.79
52-Week Range
$25.56
$53.34
Volume
8.00 million shs
Average Volume
15.65 million shs
Market Capitalization
$40.89 billion
P/E Ratio
6.84
Dividend Yield
6.78%
Price Target
$46.56

Truist Financial MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
51.7% Upside
$46.56 Price Target
Short Interest
Healthy
2.25% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.00mentions of Truist Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$569,492 Bought Last Quarter
Proj. Earnings Growth
-0.47%
From $4.30 to $4.28 Per Share

Overall MarketRank

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

2.97 out of 5 stars

Finance Sector

155th out of 911 stocks

National Commercial Banks Industry

26th out of 86 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

[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
[BREAKING] New "Living Software" to Revolutionize Warfare
This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>
Truist Financial (NYSE:TFC) PT Lowered to $46.00
Truist Financial (NYSE:TFC) Issues Earnings Results
See More Headlines
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TFC Company Calendar

Ex-Dividend for 3/1 Dividend
2/09/2023
Dividend Payable
3/01/2023
Last Earnings
4/20/2023
Ex-Dividend for 6/1 Dividend
5/11/2023
Today
5/28/2023
Dividend Payable
6/01/2023
Next Earnings (Estimated)
7/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$46.56
High Stock Price Forecast
$54.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+51.7%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
16 Analysts

Profitability

Net Income
$6.26 billion
Pretax Margin
28.10%

Debt

Sales & Book Value

Annual Sales
$25.36 billion
Cash Flow
$6.32 per share
Book Value
$41.83 per share

Miscellaneous

Outstanding Shares
1,331,920,000
Free Float
1,327,789,000
Market Cap
$40.89 billion
Optionable
Optionable
Beta
1.05

Social Links


Key Executives

  • Bill Rogers
    Chairman & Chief Executive Officer
  • Michael B. MaguireMichael B. Maguire
    Chief Financial Officer
  • Scott E. CaseScott E. Case
    Chief Information Officer
  • 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?

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 brokers have issued 1-year target prices for Truist Financial's stock. Their TFC share price forecasts range from $39.00 to $54.00. On average, they predict the company's share price to reach $46.56 in the next year. This suggests a possible upside of 51.7% 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 shares have decreased by 28.7% and is now trading at $30.70.
View the best growth stocks for 2023 here
.

Are investors shorting Truist Financial?

Truist Financial saw a increase in short interest in April. As of April 15th, there was short interest totaling 29,080,000 shares, an increase of 32.4% from the March 31st total of 21,960,000 shares. Based on an average daily volume of 13,340,000 shares, the days-to-cover ratio is currently 2.2 days. Currently, 2.2% of the company's stock are short sold.
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 Tuesday, July 18th 2023.
View our TFC earnings forecast
.

How were Truist Financial's earnings last quarter?

Truist Financial Co. (NYSE:TFC) issued 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 had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Truist Financial had a net margin of 22.81% and a trailing twelve-month return on equity of 12.37%. The business's revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS.
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, April 25th. Stockholders 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 6.78%. The ex-dividend date 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 6.81%. 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 48.60% 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 retail and institutional 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 $30.70.

How much money does Truist Financial make?

Truist Financial (NYSE:TFC) has a market capitalization of $40.89 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 5/28/2023 by MarketBeat.com Staff

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