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Truist Financial Corp. (TFC)

Stock Price: $58.72 USD 1.34 (2.34%)
Updated Mar 5, 2021 4:00 PM EST - Market closed
Market Cap 77.29B
Revenue (ttm) 20.37B
Net Income (ttm) 4.18B
Shares Out 1.35B
EPS (ttm) 3.08
PE Ratio 19.06
Forward PE 14.06
Dividend $1.80
Dividend Yield 3.07%
Trading Day March 5
Last Price $58.72
Previous Close $57.38
Change ($) 1.34
Change (%) 2.34%
Day's Open 59.02
Day's Range 56.83 - 59.22
Day's Volume 6,149,004
52-Week Range 23.00 - 61.26

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PRNewsWire - 3 days ago

CHARLOTTE, N.C., March 2, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) demonstrated its commitment to corporate social responsibility by issuing its first social bond of $1.25...

PRNewsWire - 1 week ago

CHARLOTTE, N.C., Feb. 26, 2021 /PRNewswire/ -- SunTrust Real Estate Investment Corporation, an indirect subsidiary of Truist Bank, today announced it will redeem all 1,000 outstanding shares o...

Zacks Investment Research - 1 week ago

Lower provisions & rise in fee income aid FDIC-insured banks' Q4 earnings. Driven by these factors, big banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC) & Truist Financial (T...

Other stocks mentioned: BAC, C, JPM, WFC
Zacks Investment Research - 1 week ago

Truist Financial Corporation (TFC) reported earnings 30 days ago. What's next for the stock?

PRNewsWire - 2 weeks ago

CHARLOTTE, N.C., Feb. 19, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that President and Chief Operating Officer William H. Rogers, Jr., will speak at the Cre...

Investopedia - 2 weeks ago

Rising bond yields mean more profits for regional banks. Gain exposure to the group with these two industry-themed ETFs.

Other stocks mentioned: FRC, IAT, KRE, PNC, RF, SIVB, USB
GuruFocus - 3 weeks ago

Diamond Hill Capital (Trades, Portfolio) recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.

Other stocks mentioned: ABT, AIG, BAC, C, GOOGL
Forbes - 3 weeks ago

Truist Financial has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $8.58B worth of stock held by ETFs

GuruFocus - 1 month ago

Value investors could be interested in the three securities listed below, as they yield low forward price-earnings ratios compared to the S&P 500's historical average of 15. The projections of...

Other stocks mentioned: FCX, FITB
Seeking Alpha - 1 month ago

Equity analysts are bullish on TFC. The valuation is low and the dividend yield is 3.75%.

Seeking Alpha - 1 month ago

Truist had a better quarterly performance in Q4'20 than many of its peers, with only a limited benefit from lower credit costs and a solid 7% pre-provision profit beat. Although management's e...

PRNewsWire - 1 month ago

CHARLOTTE, N.C., Jan. 26, 2021 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.45 per common share, payable ...

Business Insider - 1 month ago

The bank's Q4 2020  earnings included an adjusted net income of $1.6 billion. Like other large banks, its provision for credit losses fell as perceived risks from the pandemic ebbed, boosting ...

PYMNTS - 1 month ago

Despite the ongoing challenges of the pandemic as well as the costs of what has been dubbed “the first large bank merger of the digital age,” Truist Financial announced Thursday (Jan. 21) it h...

PRNewsWire - 1 month ago

CHARLOTTE, N.C., Jan. 21, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,000,000,000 principal amount outstanding of its 2.90% Senior Notes...

CNBC Television - 1 month ago

Truist Financial CEO on earnings: Worst is behind us

CNBC's "Closing Bell" team discusses Truist Financial earnings and the company's outlook going into 2021 with Truist CEO Kelly King.

Seeking Alpha - 1 month ago

Truist Financial Corporation (TFC) CEO Kelly King on Q4 2020 Results - Earnings Call Transcript

Zacks Investment Research - 1 month ago

Decline in credit costs and rise in revenues support Truist Financial's (TFC) Q4 earnings amid disappointing loan demand and lower rates.

Benzinga - 1 month ago

Shares of Truist Financial (NYSE:TFC) rose 0.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share rose 5.36% over the past year to $1.18, which ...

PRNewsWire - 1 month ago

CHARLOTTE, N.C., Jan. 21, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the fourth quarter of 2020. Net income available to common shareholders was ...

PRNewsWire - 1 month ago

CHARLOTTE, N.C., Jan. 20, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that it will redeem all outstanding shares of its 5.200% Series F Non-Cumulative Perpetu...

Zacks Investment Research - 1 month ago

Truist (TFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Zacks Investment Research - 1 month ago

After a torrid but resilient 2020, let's see what's in store for major banks like JPMorgan (JPM), Citi (C), BofA (BAC), Wells Fargo (WFC), PNC Financial (PNC), Truist Financial (TFC) & U.S. Ba...

Other stocks mentioned: BAC, C, JPM, PNC, USB, WFC
Zacks Investment Research - 1 month ago

Weak lending scenario and low rates are expected to have hurt Truist Financial's (TFC) Q4 earnings despite some support from certain fee income components.

Zacks Investment Research - 1 month ago

Truist Financial (TFC) sells institutional 401(k) investment advisory services business to OneDigital, and signs deal to sell institutional 401(k) recordkeeping businesses to Ascensus and Empo...

Zacks Investment Research - 1 month ago

U.S. Bancorp (USB), JPMorgan (JPM), Wells Fargo (WFC), Truist (TFC) & Fifth Third (FITB) continue with their business restructuring activities. Also, Bank OZK (OZK) announces a quarterly divid...

Other stocks mentioned: USB, WFC, JPM
Seeking Alpha - 2 months ago

Research shows that stocks that are less popular have higher returns over time. Understanding popularity can build a bridge between classical finance and behavioral finance.

PRNewsWire - 2 months ago

CHARLOTTE, N.C., Dec. 23, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced increased capital flexibility following the release of the second round of bank stress t...

CNBC Television - 2 months ago

Banks are still relevant: Truist financial CEO

Financials have rallied by 18 percent. Regional banks are standing out in the sector, and have seen a flurry of consolidation since October, including this week's merger of Huntington Bancshar...

PRNewsWire - 2 months ago

CHARLOTTE, N.C., Dec. 15, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem on January 1, 2021, all $1,000,000,000 principal amount outstanding of it...

Zacks Investment Research - 2 months ago

Over the past five trading days, JPMorgan (JPM) and Citigroup (C) issued their outlooks. Wells Fargo (WFC) & Truist's (TFC) restructuring efforts continue.

Other stocks mentioned: C, COF, JPM, PNC, USB, WFC
Zacks Investment Research - 2 months ago

Truist Insurance, the indirect subsidiary of Truist Financial (TFC) acquires Wellington.

Zacks Investment Research - 3 months ago

Low rates and soft loan demand hurt FDIC-insured banks' Q3 earnings. Yet, big names like JPMorgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) and Truist Financial (TFC) get ...

Other stocks mentioned: BAC, C, JPM, WFC
The Motley Fool - 3 months ago

All banks are anticipating loan losses due to the pandemic, but the regional players appear more exposed to those risks than both their larger and smaller peers.

Other stocks mentioned: BAC, C, CFG, FITB, FRC, HBAN, JPM, KEY, KRE, MTB, PFE, PNC, RF
24/7 Wall Street - 3 months ago

When the market blew up during the great financial crisis of 2007–2009, the banks and brokerage stocks were ostensibly part of the reason for the collapse as they had aided and abetted the mor...

Other stocks mentioned: C, FITB, PNC
Insider Monkey - 3 months ago

In this article you are going to find out whether hedge funds think Truist Financial Corporation (NYSE:TFC) is a good investment right now. We like to check what the smart money thinks first b...

GuruFocus - 4 months ago

Investors can use the Earnings Power Value (EPV) metric to assess whether or not a stock is fairly priced by the market.

Other stocks mentioned: BNS, MUFG
Business Wire - 4 months ago

SAN FRANCISCO--(BUSINESS WIRE)--Edgar, Dunn & Company (EDC), an independent, global strategy consulting firm specialising in payments and digital financial services, today announced and welcom...

Other stocks mentioned: ACN, FISV
PRNewsWire - 4 months ago

CHARLOTTE, N.C., Oct. 27, 2020 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.45 per common share, payable ...

Seeking Alpha - 4 months ago

Truist was created from a recent mega-merger and trades at less than book value despite sound and improving fundamentals. The regional bank maintains more than $500 billion in assets, has a $5...

Seeking Alpha - 4 months ago

In a quarter where a few peers have already posted high single-digit to double-digit PPOP beats, Truist's in-line performance leaves a bit to be desired.

The Motley Fool - 4 months ago

Net income spiked 45%, but expenses increase on restructuring

Seeking Alpha - 4 months ago

Truist Financial Corporation (TFC) CEO Kelly King on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 4 months ago

Truist Financial (TFC) witnesses a fall in revenues in third-quarter 2020. Also, provisions decline from the previous quarter.

PRNewsWire - 4 months ago

CHARLOTTE, N.C., Oct. 15, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the third quarter of 2020. Net income available to common shareholders was $...

PRNewsWire - 4 months ago

CHARLOTTE, N.C., Oct. 14, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced Chairman and Chief Executive Officer Kelly S. King will speak at a virtual Moody's Banki...

Zacks Investment Research - 4 months ago

Truist Financial (TFC) is expected to have witnessed a decline in interest income in the third quarter because of muted loan growth as well as low interest rates.

24/7 Wall Street - 4 months ago

When the market blew up during the great financial crisis of 2007 to 2009, the bank and brokerage stocks were in part ostensibly the reason for the collapse, as they had aided and abetted the ...

Other stocks mentioned: C, KEY, RF
Zacks Investment Research - 4 months ago

TFC Financial's (TFC) modest top-line growth and a robust balance-sheet position bode well amid the near-zero interest rates and economic slowdown.

PRNewsWire - 5 months ago

CHARLOTTE, N.C., Sept. 16, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the launch of Truist Ventures, a corporate venture capital division created by integrat...

About TFC

Truist Financial Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals 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 ... [Read more...]

Industry
Banks-Regional
Founded
1872
CEO
Kelly Stuart King
Employees
52,294
Stock Exchange
NYSE
Ticker Symbol
TFC
Full Company Profile

Financial Performance

In 2020, TFC's revenue was $20.37 billion, an increase of 70.42% compared to the previous year's $11.95 billion. Earnings were $4.48 billion, an increase of 39.02%.

Financial Statements

Analyst Forecasts

According to 24 analysts, the average rating for TFC stock is "Buy." The 12-month stock price forecast is 57.38, which is a decrease of -2.28% from the latest price.

Price Target
$57.38
(-2.28% downside)
Analyst Consensus: Buy