Truist Financial Corporation (TFC)

NYSE: TFC · IEX Real-Time Price · USD
36.56
+0.84 (2.37%)
Apr 19, 2024, 2:17 PM EDT - Market open
2.37%
Market Cap 48.79B
Revenue (ttm) 21.28B
Net Income (ttm) -1.45B
Shares Out 1.33B
EPS (ttm) -1.09
PE Ratio n/a
Forward PE 10.75
Dividend $2.08 (5.69%)
Ex-Dividend Date Feb 8, 2024
Volume 5,425,757
Open 35.80
Previous Close 35.71
Day's Range 35.65 - 36.77
52-Week Range 25.56 - 39.29
Beta 1.07
Analysts Buy
Price Target 39.90 (+9.15%)
Earnings Date Apr 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 provides funding; asset management; automobile lending; c... [Read more]

Sector Financials
Founded 1872
Employees 50,832
Stock Exchange NYSE
Ticker Symbol TFC
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 21 analysts, the average rating for TFC stock is "Buy." The 12-month stock price forecast is $39.9, which is an increase of 9.15% from the latest price.

Price Target
$39.9
(9.15% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sheffield Financial and BRP extend long-term retail financing partnership in the United States

WINSTON-SALEM, N.C. , April 8, 2024 /PRNewswire/ -- Sheffield Financial, a division of Truist Bank, and BRP US Inc. (BRP) are pleased to announce the renewal of their long-term retail financing agreem...

11 days ago - PRNewsWire

Truist announces first-quarter 2024 earnings call details

CHARLOTTE, N.C. , March 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report first-quarter 2024 financial results before the market opens on Monday, April 22, 2024.

22 days ago - PRNewsWire

Truist Securities bolsters industrials sector equity research

Highly ranked analyst Jamie Cook is latest addition to growing team ATLANTA , March 7, 2024 /PRNewswire/ -- Truist Securities announced today that highly ranked analyst Jamie Cook recently joined the ...

6 weeks ago - PRNewsWire

Truist updates schedule for 2024 earnings conference calls

CHARLOTTE, N.C. , March 5, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced an update to its schedule of conference calls to review quarterly financial results due to the pendin...

6 weeks ago - PRNewsWire

Regional bank stocks dragged down by NYCB, led by banks with exposure to New York City real estate

Regional bank stocks were lower across the board early Friday, dragged down by the latest bad news from New York Community Bancorp Inc. that included the disclosure of ”material weaknesses” in its acc...

Other symbols: AXBKUCFGCMACUBIFITBKRE
7 weeks ago - Market Watch

Truist Foundation Inspire Awards registration now open

Register to secure a virtual seat, cast a vote for your favorite nonprofit to receive funding for its technology-based solution Greg Olsen, an American football sportscaster and former NFL player, nam...

7 weeks ago - PRNewsWire

Truist selling insurance unit at a $15.5B valuation to private-equity firms

Truist Financial Corp. TFC, -0.63% said Tuesday it agreed to sell its remaining stake in Truist Insurance Holdings to an investor group led by Stone Point Capital and Clayton, Dubilier & Rice in a dea...

2 months ago - Market Watch

Truist to sell insurance brokerage business to investor group in $15.5 bln deal

Truist Financial Corp said on Tuesday it has reached an agreement to sell its insurance brokerage business to an investor group led by private equity firms Stone Point and CD&R in a deal valued at $15...

2 months ago - Reuters

Truist announces agreement to sell remaining stake in Truist Insurance Holdings to investor group led by Stone Point Capital and Clayton, Dubilier & Rice, valuing Truist Insurance Holdings at $15.5 billion

Sale will strengthen Truist's balance sheet and enhances strategic flexibility to invest in core banking franchise Positions Truist Insurance Holdings for continued growth in rapidly evolving insuranc...

2 months ago - PRNewsWire

Truist Charitable Fund names 17 new grant recipients

Funding will impact over 10,000 individuals across 13 states CHARLOTTE, N.C. , Feb. 14, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the initial recipients of its Trui...

2 months ago - PRNewsWire

These 3 Financial Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Truist Finl (NYSE:TFC), Hannon Armstrong (NYSE:HASI)

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...

Other symbols: HASIVIRT
2 months ago - Benzinga

Truist to speak at the BofA Securities Financial Services Conference

CHARLOTTE, N.C. , Feb. 7, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the BofA Securities Financial Services C...

2 months ago - PRNewsWire

Sterling Capital Management LLC to be acquired by Guardian Capital Group Limited

CHARLOTTE, N.C. , Feb. 2, 2024 /PRNewswire/ -- Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A) announced today that it has reached an agreement under which Guardian's wholly-owned subs...

2 months ago - PRNewsWire

Guardian Capital Group Limited to Acquire Sterling Capital Management LLC

TORONTO, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Guardian Capital Group Limited (Guardian) (TSX:GCG) (TSX:GCG.A) announced today that it has reached an agreement under which Guardian's wholly-owned subsidia...

2 months ago - GlobeNewsWire

Truist declares common and preferred stock dividends

CHARLOTTE, N.C. , Jan. 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 Mar....

3 months ago - PRNewsWire

Star Mountain Capital Bolsters Secondaries Team Adding Former $500+ Billion in Assets Truist Bank's Head of Private Capital Manager Research, Ravi Ugale, as a Managing Director

NEW YORK--(BUSINESS WIRE)--Star Mountain Capital, LLC (“Star Mountain”), a rapidly growing specialized private credit and secondaries investment firm targeting systematic alpha and low market correlat...

3 months ago - Business Wire

Not all regional banks are created equal, says Jim Cramer

'Mad Money' host Jim Cramer talks the state of regional banks and investing opportunities in the sector.

Other symbols: CFGCMAFHNHBANKREMTBPNC
3 months ago - CNBC Television

Truist Financial's stock shrugs off loss as revenue and other metrics beat estimates

Truist Financial Corp.'s stock moved up Thursday as Wall Street shrugged off a fourth-quarter loss due to a noncash impairment by the bank, which delivered stronger-than-expected revenue.

3 months ago - Market Watch

Truist reports fourth quarter 2023 results

CHARLOTTE, N.C. , Jan. 18, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its fourth quarter 2023 results today.

3 months ago - PRNewsWire

Truist announces fourth-quarter 2023 earnings call details

CHARLOTTE, N.C. , Dec. 18, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report fourth-quarter 2023 financial results before the market opens on Thursday, Jan. 18, 2024.

4 months ago - PRNewsWire

Are bank stocks poised for a rebound? Three picks for 2024

Bank stocks have lagged behind the broad market for most of 2023, and the failure of three large institutions early in the year may have left a sour taste in investors' mouths. But some bank stocks ar...

Other symbols: GSKEY
4 months ago - Market Watch

US bank stocks drop as Fed policymaker plays down rate-cut expectations

U.S. bank stocks fell on Friday after a U.S. Federal Reserve policymaker dashed market expectations of interest-rate cuts early next year but were still trading close to the level last seen before the...

Other symbols: KBEKEYRFWAL
4 months ago - Reuters

Truist appoints Scott Stengel as chief legal officer

CHARLOTTE, N.C. , Dec. 13, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Scott A.

4 months ago - PRNewsWire

2 Most Undervalued Stocks To Watch

These stocks can be hidden opportunities for your investment portfolio.

Other symbols: UPS
4 months ago - Forbes

Truist to present at the Goldman Sachs US Financial Services Conference

CHARLOTTE, N.C. , Nov. 21, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will present at the Goldman Sachs 2023 US...

5 months ago - PRNewsWire