Truist Financial Corporation (TFC)
| Market Cap | 51.27B |
| Revenue (ttm) | 21.28B |
| Net Income (ttm) | -1.45B |
| Shares Out | 1.33B |
| EPS (ttm) | -1.09 |
| PE Ratio | n/a |
| Forward PE | 11.25 |
| Dividend | $2.08 (5.41%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 1,953,216 |
| Open | 37.93 |
| Previous Close | 37.97 |
| Day's Range | 37.88 - 38.55 |
| 52-Week Range | 25.56 - 39.29 |
| Beta | 1.07 |
| Analysts | Buy |
| Price Target | 40.27 (+4.75%) |
| 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 also provides funding; asset management; automobile lendin... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 22 analysts, the average rating for TFC stock is "Buy." The 12-month stock price forecast is $40.27, which is an increase of 4.75% from the latest price.
News
Truist Foundation names Centro Community Partners as top grant recipient at the Inspire Awards
Hosted by Greg Olsen, the pitch-style grant program provided funding, yearlong support program for seven nonprofit finalists CHARLOTTE, N.C. , April 25, 2024 /PRNewswire/ -- Truist Foundation awarded ...
Truist declares common and preferred stock dividends
CHARLOTTE, N.C. , April 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 Jun...
Truist shareholders elect Laurence Stein to board of directors
CHARLOTTE, N.C. , April 23, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that Laurence Stein, 56, has been newly elected to the Truist Board of Directors.
Truist Posts Q1 Profit Beat But Warns on Full-Year Revenue
Shares of Truist Financial (TFC) advanced Monday as the financial services provider posted a quarterly profit beat, but warned about revenue the rest of the year.
Truist Financial's Digital Transactions Leap 13%
Digital channels continue to gain adherents in financial services, as Truist Financial Corp.'s latest earnings results showed Monday (April 22). Earnings supplementals revealed that mobile app users w...
Truist reports first quarter 2024 results
CHARLOTTE, N.C. , April 22, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its first quarter 2024 results today.
Banks are well positioned for CRE concerns, says Baird's David George
David George, Baird bank analyst, joins 'Closing Bell' to discuss the banking sector and which banks he's looking at as winners in the sector.
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...
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.
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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.
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.