Truist Financial Corporation (TFC)
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]
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 StatementsAnalyst 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.
News

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.

3 Stocks to Snap Up on Super Sale After the Banking Fallout
Value investors have three bargain bank stocks to consider. After Silicon Valley Bank failed to manage customer withdrawal requirements, the Federal Deposit Insurance Corporation stepped in to shut it...

4 Bank Stocks STILL Paying Secure Dividends
You may think dividend-paying bank stocks are in trouble, or at least their dividends are given the current climate. The banking crisis that began with the collapse of Silicon Valley Bank continues, l...

Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure
Sens. Booker and Warnock say overdraft and nonsufficient fund fees are causing hardship for Americans who relied on SVB and Signature Bank for payments.

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...

Despite market volatility, retail investors went on a buy-the-dip spree. These are the stocks they picked up, says Vanda.
Churning financial markets, as the failure of three U.S. banks and uncertainty over one big European one continues to play out, did not stop some investors from buying that so-called dip in the stock ...

Stocks of 11 banks that pumped $30 billion into First Republic Bank all lower premarket
The stocks of the 11 banks that contributed $30 billion in uninsured deposits to embattled lender First Republic Bank on Thursday were all lower in premarket trade Friday, amid concerns the unpreceden...

Bank Stocks Alert: Major Banks Team Up for $30 Billion Deal to Help First Republic
After almost a week of turmoil, the banking world finally has some good news. First Republic Bank (NYSE: FRC) has been struggling since the collapse of SVB Financial's (NASDAQ: SIVB) principal subsi...

Eleven U.S. banks pledge $30 billion for First Republic
Bank of America BAC , Citigroup C , JPMorgan Chase JPM and Wells Fargo WFC said Thursday they are each making $5 billion uninsured deposits as part of a $30 billion package from 11 banks into First Re...
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.

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.
UBS analyst Erika Najarian breaks down regional banks
Erika Najarian, UBS equity research analyst, joins 'Squawk on the Street' to discuss her thoughts about regional bank stocks as they continue to be punished.
The bank environment is not in a state that attracts capital, says Worth Charting 's Carter Worth
Carter Worth, Worth Charting Founder and CEO, joins' Power Lunch' to discuss bank technicals, historical investment changes, and investors pulling away from bank stocks.

Bank Stock Crash Intensifies: Losses Top $185 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.
Regional banks might be more reluctant with lending following the SVB collapse: CFRA's Sam Stovall
Sam Stovall, CFRA Research chief investment strategist, joins 'Power Lunch' to discuss regional banks suffering following the Silicon Valley Bank collapse, the market response to SVB's crisis, and inv...
Depositor protection still lacks codification, says NYT's Kate Kelly
Hugh Son, banking reporter for CNBC.com, and Kate Kelly, a reporter with The New York Times, join 'Power Lunch' to discuss the run on regional banks, the difference between Silicon Valley Bank's colla...

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...

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.

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...

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 ...