Truist Financial Corporation (TFC)
| Market Cap | 52.94B |
| Revenue (ttm) | 20.00B |
| Net Income (ttm) | -1.77B |
| Shares Out | 1.34B |
| EPS (ttm) | -1.33 |
| PE Ratio | n/a |
| Forward PE | 11.31 |
| Dividend | $2.08 (5.26%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 7,744,591 |
| Open | 39.05 |
| Previous Close | 39.25 |
| Day's Range | 38.86 - 39.57 |
| 52-Week Range | 26.57 - 40.51 |
| Beta | 1.05 |
| Analysts | Buy |
| Price Target | 41.77 (+5.59%) |
| Earnings Date | Jul 22, 2024 |
About TFC
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 lendin... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 22 analysts, the average rating for TFC stock is "Buy." The 12-month stock price forecast is $41.77, which is an increase of 5.59% from the latest price.
News
This is how much the largest 20 U.S. banks raised dividends after stress tests
With another round of Federal Reserve stress tests in the books, many large U.S. banks have already announced dividend increases. Analysts at Jefferies compiled the data in a report sent to clients ea...
Truist announces planned capital distributions and stress capital buffer requirement following release of 2024 CCAR results
CHARLOTTE, N.C. , June 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today released the results of its annual company-run stress test, conducted in accordance with the regulations ...
Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn
The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. Each of the 31 banks in this year's regulatory exercise cleared ...
Jobs for the Future Partners with Truist Foundation to Accelerate Economic Mobility in Several Regions Across the United States
Jobs for the Future will work to build inclusive career on-ramps in IT and bridge gaps in U.S. workforce and education systems. BOSTON , June 26, 2024 /PRNewswire/ -- Today, Jobs for the Future (JFF),...
Truist announces second-quarter 2024 earnings call details
CHARLOTTE, N.C. , June 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second-quarter 2024 financial results before the market opens on Monday, July 22, 2024.
These numbers show that banks' risk from office real estate has been exaggerated
By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are falla...
Bank stocks and corporate bonds hold gains on flat inflation report and Fed update
Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector.
Truist Foundation fills gap, distributes grants to pilot and scale nonprofit solutions nationwide
Latest round of funding aims to serve as an example of corporate philanthropy's opportunity to catalyze innovation and scale successful solutions CHARLOTTE, N.C. , May 30, 2024 /PRNewswire/ -- Truist ...
Truist CFO to speak at the Morgan Stanley US Financials, Payments & CRE Conference
CHARLOTTE, N.C. , May 29, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the Morgan Stanley US Financials, Paymen...
Truist announces redemption of senior notes due June 2025
CHARLOTTE, N.C. , May 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,000,000,000 principal amount outstanding of its floating rate senior notes...
Regional banking consolidation slowdown due to 'settling down' period post-pandemic: Fmr. Truist CEO
Kelly King, Former Truist CEO, joins 'Closing Bell Overtime' to talk regional banks and why the U.S. has seen less banking consolidation recently.
Truist Chairman & CEO to speak at the Bernstein Strategic Decisions Conference
CHARLOTTE, N.C. , May 16, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Bernstein Strategic Deci...
Truist announces quarterly 2025 earnings conference call dates
CHARLOTTE, N.C. , May 13, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced plans to host conference calls to review 2025 quarterly financial results on the following date...
Boys & Girls Clubs of America Names Bill Rogers, Chairman & CEO of Truist, New Board of Governors Chair-Elect
ATLANTA--(BUSINESS WIRE)--Boys & Girls Clubs of America is pleased to announce that its board of governors has voted to name long-time board member and supporter, William H. “Bill” Rogers Jr., as the ...
Truist sells nearly $28 bln of low-yield investments
Truist Financial said on Tuesday it has sold $27.7 billion of low-yielding investments to focus on better alternatives as part of a repositioning the lender expects will help it post higher revenue in...
Truist completes previously announced sale of Truist Insurance Holdings to investor group led by Stone Point Capital and CD&R
CHARLOTTE, N.C. and GREENWICH, Conn.
Truist completes sale of Truist Insurance Holdings and executes strategic balance sheet repositioning
Sale of TIH creates a capital advantage and capacity for growth CHARLOTTE, N.C. , May 7, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the completion of the previously ...
Truist survey shows small business owners focused on short-term challenges at the expense of long-term planning
S mall business owners in Southeast hit particularly hard with higher stress and more concerned with inflation, yet still confident in growth outlook CHARLOTTE, N.C. , May 1, 2024 /PRNewswire/ -- Foll...
Truist launches "Truist Life, Money, and Choices™" financial education program for high school and college students
Immersive experience designed to provide participants with realistic financial scenarios, choices CHARLOTTE, N.C. , April 29, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) is proud to ...
Truist Foundation names Centro Community Partners as top grant recipient at the Inspire Awards
Hosted by Greg Olsen, the pitch-style grant program provided funding, yearlong support program for seven nonprofit finalists CHARLOTTE, N.C. , April 25, 2024 /PRNewswire/ -- Truist Foundation awarded ...
Truist declares common and preferred stock dividends
CHARLOTTE, N.C. , April 23, 2024 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on Jun...
Truist shareholders elect Laurence Stein to board of directors
CHARLOTTE, N.C. , April 23, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that Laurence Stein, 56, has been newly elected to the Truist Board of Directors.
Truist Posts Q1 Profit Beat But Warns on Full-Year Revenue
Shares of Truist Financial (TFC) advanced Monday as the financial services provider posted a quarterly profit beat, but warned about revenue the rest of the year.
Truist Financial's Digital Transactions Leap 13%
Digital channels continue to gain adherents in financial services, as Truist Financial Corp.'s latest earnings results showed Monday (April 22). Earnings supplementals revealed that mobile app users w...
Truist reports first quarter 2024 results
CHARLOTTE, N.C. , April 22, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its first quarter 2024 results today.