Truist Financial Corporation (TFC)

NYSE: TFC · IEX Real-Time Price · USD
33.42
+0.34 (1.03%)
At close: Mar 28, 2023, 4:00 PM
33.60
+0.18 (0.54%)
Pre-market: Mar 29, 2023, 4:54 AM EDT
1.03%
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
$52.88
(58.23% upside)
Analyst Consensus: Hold
Stock Forecasts

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.

17 hours ago - PRNewsWire

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...

Other symbols: KEYSCHW
23 hours ago - InvestorPlace

These Bank Stocks Hit Lows—Some Even All-Time Lows—This Month

National giants like Bank of America and Wells Fargo sank to their lowest share price in over two years Friday.

4 days ago - Forbes

These Seven Big Banks Are Deep Into Bear Market Territory. Should Investors Try To Catch A Falling Knife?

Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo are the four big banks considered ‘too-big-to-fail'.

Other symbols: BACCJPMPNCUSBWFC
4 days ago - Forbes

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...

Other symbols: CPNCUSB
4 days ago - InvestorPlace

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.

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

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 ...

Other symbols: FRCPACWSCHW
1 week ago - Market Watch

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...

1 week ago - Market Watch

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

Eleven large U.S. banks are making uninsured deposits totaling $30 billion into First Republic Bank.

1 week ago - PYMNTS

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...

1 week ago - InvestorPlace

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...

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

A rescue of First Republic by big banks wouldn't put to bed emerging questions about the banking system.

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.

Other symbols: FRCBACCJPMMSPNCWFC
1 week ago - TechCrunch

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.

1 week ago - CNBC Television

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.

Other symbols: BACCCFGJPMMSPNCVLYWFC
1 week ago - CNBC Television

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

Bank stocks rebounded overnight on March 14. The Federal Reserve's action guaranteeing demand deposits over $250,000 seems to have calmed the markets.

Other symbols: FITBFRCHBANKEYSCHWWAL
2 weeks ago - InvestorPlace

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.

Other symbols: SIVBFRCSCHWWAL
2 weeks ago - Forbes

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...

Other symbols: CFGMTBPNC
2 weeks ago - CNBC Television

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...

Other symbols: CFGMTBPNC
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.

Other symbols: FRCPACWSCHWWAL
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