Truist Financial Corporation (TFC)

NYSE: TFC · IEX Real-Time Price · USD
+0.34 (1.03%)
At close: Mar 28, 2023, 4:00 PM
+0.18 (0.54%)
Pre-market: Mar 29, 2023, 4:54 AM EDT
Market Cap 44.39B
Revenue (ttm) 22.26B
Net Income (ttm) 5.93B
Shares Out 1.33B
EPS (ttm) 4.43
PE Ratio 7.54
Forward PE 7.89
Dividend $2.04 (6.10%)
Ex-Dividend Date Feb 9, 2023
Volume 11,415,411
Open 33.05
Previous Close 33.08
Day's Range 32.93 - 33.76
52-Week Range 28.70 - 61.10
Beta 1.10
Analysts Hold
Price Target 52.88 (+58.23%)
Earnings Date Apr 20, 2023

About TFC

Truist Financial Corporation, a holding 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; bankcar... [Read more]

Sector Financials
Founded 1872
Employees 52,648
Stock Exchange NYSE
Ticker Symbol TFC
Full Company Profile

Financial Performance

In 2022, TFC's revenue was $22.26 billion, a decrease of -3.68% compared to the previous year's $23.11 billion. Earnings were $5.93 billion, a decrease of -1.76%.

Financial Statements

Analyst Forecast

According to 28 analysts, the average rating for TFC stock is "Hold." The 12-month stock price forecast is $52.88, which is an increase of 58.23% from the latest price.

Price Target
(58.23% upside)
Analyst Consensus: Hold
Stock Forecasts


Truist announces first-quarter 2023 earnings call details

CHARLOTTE, N.C. , March 28, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report first-quarter 2023 financial results before the market opens on Thursday, April 20, 2023.

17 hours ago - PRNewsWire

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4 days ago - Forbes

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4 days ago - Forbes

4 Bank Stocks STILL Paying Secure Dividends

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4 days ago - InvestorPlace

Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure

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6 days ago - CNBC

Strength Seen in Truist Financial Corporation (TFC): Can Its 9.0% Jump Turn into More Strength?

Truist Financial Corporation (TFC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into furthe...

6 days ago - Zacks Investment Research

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1 week ago - Market Watch

Stocks of 11 banks that pumped $30 billion into First Republic Bank all lower premarket

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1 week ago - Market Watch

JPMorgan, BofA, 9 Other Banks Deposit $30 Billion in First Republic

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1 week ago - PYMNTS

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1 week ago - InvestorPlace

Eleven U.S. banks pledge $30 billion for First Republic

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1 week ago - Market Watch

Financial institutions get together to generate $20 billion in support for First Republic

CNBC's David Faber joins 'The Exchange' to discuss plans for a bank consortium deposit, the market response to assistance for First Republic and whether there's government aid headed there.

1 week ago - CNBC Television

Banks' Big Plan Might Solve the Immediate Problem, but Not the Bigger Ones

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1 week ago - WSJ

First Republic Bank could see $30B in rescue deposits coming, report says

First Republic Bank was caught in the wake of Silicon Valley Bank's collapse over the weekend and saw its shares plunge earlier this week. Shares were rebounding as this new development emerged.

1 week ago - TechCrunch

UBS analyst Erika Najarian breaks down regional banks

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1 week ago - CNBC Television

The bank environment is not in a state that attracts capital, says Worth Charting 's Carter Worth

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1 week ago - CNBC Television

Why Are Bank Stocks KEY, WAL, SCHW, FITB, HBAN, TFC Up Today?

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2 weeks ago - InvestorPlace

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2 weeks ago - Forbes

Regional banks might be more reluctant with lending following the SVB collapse: CFRA's Sam Stovall

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2 weeks ago - CNBC Television

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2 weeks ago - CNBC Television

Truist Names Tom Hackett to Head Investment Banking Arm

Banking giant Truist has appointed a new CEO for its corporate/investment banking arm. Tom Hackett, currently serving as chief operating officer of Truist Securities, will become CEO beginning March 3...

2 weeks ago - PYMNTS

Bank Stock Crash Intensifies: Losses Top $165 Billion As Analyst Warns SVB Failure Risks Intense Regulator Scrutiny

Western Alliance and First Republic fell more than 75% Monday following the failures of its regional banking peers Silicon Valley Bank and Signature Bank.

2 weeks ago - Forbes

Tom Hackett named chief executive officer of Truist Securities

Hackett succeeds John Gregg, who will retire ATLANTA , March 13, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that John Gregg will retire, and that Tom Hackett has bee...

2 weeks ago - PRNewsWire

Truist Foundation leads the way with $5M commitment to the American Red Cross to grow disaster response capacity

Leading corporate investment aims to inspire other partners; will help the Red Cross alleviate growing impacts of natural disasters on America's most vulnerable communities WASHINGTON , March 7, 2023 ...

3 weeks ago - PRNewsWire