Truist Financial Corp (TFC)

NYSE
Currency in USD
47.61
+0.80(+1.71%)
Closed
After Hours
47.50-0.11(-0.23%)
TFC Scorecard
Full Analysis
Net income is expected to grow this year
High dividend Yield
Fair Value
Day's Range
46.5747.64
52 wk Range
34.2649.06
Key Statistics
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Prev. Close
46.81
Open
46.86
Day's Range
46.57-47.64
52 wk Range
34.26-49.06
Volume
8.66M
Average Volume (3m)
7.38M
1-Year Change
31.88%
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
51.61
Upside
+8.40%
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
49935

Truist Financial Corp SWOT Analysis


Strategic Shift
Explore Truist Financial's bold move: the sale of Truist Insurance Holdings, reshaping its financial landscape and opening new strategic avenues
Capital Strength
Delve into TFC's robust capital position, with an 11.6% CET1 ratio, enabling a $5 billion stock buyback and potential market opportunities
Regional Powerhouse
Learn how Truist's dominant presence in the high-growth Southeast market positions it for potential outperformance in loans and deposits
Analyst Outlook
Discover varied analyst perspectives, with price targets ranging from $43 to $55, reflecting both optimism and caution about TFC's future prospects
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: 2024/10/18, 12:18
Read Full Transcript

Compare TFC to Peers and Sector

Metrics to compare
TFC
Peers
Sector
Relationship
P/E Ratio
−159.0x8.2x9.0x
PEG Ratio
−0.380.780.03
Price/Book
1.1x1.2x1.0x
Price / LTM Sales
5.5x2.6x2.8x
Upside (Analyst Target)
9.0%3.1%12.2%
Fair Value Upside
Unlock−4.3%3.4%Unlock

Analyst Ratings

9 Buy
12 Hold
0 Sell
Ratings:
21 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 51.61
(+8.40% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.36
Dividend Yield
4.44%
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

FAQ

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

The Truist Financial Corp stock price today is 47.61

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 4.44%.

What Is the Truist Financial Corp Market Cap?

As of today, Truist Financial Corp market cap is 62.48B.

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 Buy.
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