Truist Financial Corp (TFC)

NYSE
Currency in USD
41.42
+0.09(+0.22%)
Closed
Pre Market
41.83+0.41(+0.99%)
TFC Scorecard
Full Analysis
Net income is expected to grow this year
Unusual trading volume
Fair Value
Day's Range
40.6541.43
52 wk Range
35.0949.06
Key Statistics
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Prev. Close
41.42
Open
41.11
Day's Range
40.65-41.43
52 wk Range
35.09-49.06
Volume
16.83M
Average Volume (3m)
7.66M
1-Year Change
9.9%
Book Value / Share
43.52
Fair Value
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Fair Value Upside
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TFC Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
51.41
Upside
+24.12%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year
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Truist Financial Corp Company Profile

Truist Financial Corporation, a financial services 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; credit card lending; consumer finance; home equity and mortgage lending; other direct retail lending; insurance; investment brokerage; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; small business lending; and wealth management/private banking services. In addition, it offers asset based lending, investment banking and capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, floor plan, mortgage warehouse lending, real estate lending, and supply chain financing services. Further, the company provides insurance brokerage, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment management and advisory services. 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.

Sector
Financial
Employees
37552

Truist Financial Corp SWOT Analysis


Capital Resurgence
Explore how Truist's sale of its insurance holdings and subsequent $5 billion share repurchase program signals a strategic shift in capital allocation and shareholder value creation
Southeastern Stronghold
Delve into Truist's dominant position in high-growth Southeastern markets, offering potential for loan growth, deposit expansion, and enhanced fee income opportunities
Navigating Challenges
Learn about Truist's efforts to replace lost insurance income and manage potential risks in commercial real estate exposure amid changing market dynamics
Analyst Perspectives
Discover varied analyst views on Truist's future, with price targets ranging from $45 to $55, reflecting both optimism and caution in the face of strategic changes
Read full SWOT analysis

Truist Financial Corp Earnings Call Summary for Q3/2024

  • GAAP net income of $1.3B, adjusted EPS of $0.97; plans $500M stock buyback in Q4; capital returns to shareholders totaled $1.2B
  • Q4 outlook: 1.5% revenue decrease, net interest income drop, 2% non-interest income decline, 4% rise in adjusted expenses
  • Average loans and deposits down 1% sequentially; net interest margin expected to decline to 3.05%-3.06% in Q4
  • 3% growth in consumer/small business lending, 4% rise in wholesale lending; 35% increase in new-to-bank clients
  • Focus on expanding client relationships, maintaining ROTCE in mid-teens, and increasing investments in risk infrastructure
Last Updated: 18/10/2024, 09:18 pm
Read Full Transcript

Compare TFC to Peers and Sector

Metrics to compare
TFC
Peers
Sector
Relationship
P/E Ratio
−137.2x7.7x8.9x
PEG Ratio
−0.340.000.03
Price/Book
0.9x0.0x1.0x
Price / LTM Sales
4.7x2.3x2.7x
Upside (Analyst Target)
23.1%0.0%17.6%
Fair Value Upside
Unlock−5.7%3.7%Unlock

Analyst Ratings

11 Buy
11 Hold
0 Sell
Ratings:
22 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 51.41
(+24.12% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.36%
Dividend Yield
5.02%
Industry Median 4.29%
Annualised payout
2.08
Paid quarterly
5-Years Growth
+4.00%
Growth Streak

Earnings

Latest Release
Jan 17, 2025
EPS / Forecast
0.91 / 0.88
Revenue / Forecast
5.11B / 5.04B
EPS Revisions
Last 90 days

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FAQ

What Is the Truist Financial Corp (TFC) Stock Price Today?

The Truist Financial Corp stock price today is 41.42

What Stock Exchange Does Truist Financial Corp Trade On?

Truist Financial Corp is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Truist Financial Corp?

The stock symbol for Truist Financial Corp is "TFC."

Does Truist Financial Corp Pay Dividends? What’s The Current Dividend Yield?

The Truist Financial Corp dividend yield is 5.02%.

What Is the Truist Financial Corp Market Cap?

As of today, Truist Financial Corp market cap is 54.07B.

What is Truist Financial Corp Earnings Per Share?

The Truist Financial Corp EPS is 3.36.

What Is the Next Truist Financial Corp Earnings Date?

Truist Financial Corp will release its next earnings report on 16 Apr 2025.

From a Technical Analysis Perspective, Is TFC a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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