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Truist Financial Corp. (TFC)

Stock Price: $57.21 USD 0.52 (0.92%)
Updated Jun 15, 2021 4:00 PM EDT - Market closed
Market Cap 76.55B
Revenue (ttm) 21.09B
Net Income (ttm) 4.53B
Shares Out 1.35B
EPS (ttm) 3.34
PE Ratio 17.13
Forward PE 12.89
Dividend $1.80
Dividend Yield 3.15%
Trading Day June 15
Last Price $57.21
Previous Close $56.69
Change ($) 0.52
Change (%) 0.92%
Day's Open 56.98
Day's Range 56.37 - 57.54
Day's Volume 4,855,014
52-Week Range 32.28 - 62.69

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CHARLOTTE, N.C., June 15, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second-quarter 2021 financial results before the market opens on Thursday, July 15, 2021.

1 day ago - PRNewsWire

CHARLOTTE, N.C., June 8, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that Ankur Vyas has been named the new head of Investor Relations, effective immediately, reporting...

1 week ago - PRNewsWire

CHARLOTTE, N.C., June 7, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Kelly S.

1 week ago - PRNewsWire

Mike Mayo banks on financials

YouTube video

Mike Mayo, bank analyst for Wells Fargo, discusses his top stock picks in the financial sector.

Other stocks mentioned: BAC, C, GS, JPM, MS, PNC, USB
1 week ago - CNBC Television

Negative provisions, higher non-interest income and solid rise in deposit aid FDIC-insured banks' Q1 earnings. Thus, major banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC) & Truist Fin...

Other stocks mentioned: BAC, C, JPM, WFC
2 weeks ago - Zacks Investment Research

Truist Insurance Holdings, a Truist Financial (TFC) arm, will acquire insurance distribution platform Constellation Affiliated Partners, which aligns with the company's plans to solidify insurance opera...

3 weeks ago - Zacks Investment Research

CHARLOTTE, N.C., May 24, 2021 /PRNewswire/ -- Truist Insurance Holdings, Inc., a subsidiary of Truist Financial Corporation, announced today that it has signed a definitive agreement with RedBird Capita...

3 weeks ago - PRNewsWire

CHARLOTTE, N.C., May 20, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today the expansion of the Truist Commercial Community Bank's Industry Consulting team, adding waste and ...

3 weeks ago - PRNewsWire

NEW YORK--(BUSINESS WIRE)--Today, BlackRock announced that ADP, Best Buy, Self, Truist and Varo have joined their philanthropic Emergency Savings Initiative (ESI) which increases access to low-cost, low...

3 weeks ago - Business Wire

Strong loan balance, efforts to improve fee income and solid balance sheet will keep supporting Truist Financial (TFC) despite lower rates and elevated expenses.

1 month ago - Zacks Investment Research

They've sparked doubt from the market, but we can learn more about them from this example.

Other stocks mentioned: BXS, CADE, STL, WBS
1 month ago - The Motley Fool

CHARLOTTE, N.C., May 11, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Daryl N.

1 month ago - PRNewsWire

With the trading day about halfway over, the markets were all over the place. The Nasdaq took a beating yet again, with the index down close to 1.7%.

Other stocks mentioned: BYND, HOME, LYFT, RTX, MGI, MRTX, VIAC
1 month ago - 24/7 Wall Street

CHARLOTTE, N.C., April 29, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that it will redeem all 18,600 outstanding shares of its 5.625% Series H Non-Cumulative Perpetual...

1 month ago - PRNewsWire

ATLANTA, April 29, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) and Operation HOPE today announced an expanded, multiyear transformational partnership, including a series of collaborati...

1 month ago - PRNewsWire

CHARLOTTE, N.C., April 27, 2021 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.45 per common share, payable on June 1...

1 month ago - PRNewsWire

CHARLOTTE, N.C., April 19, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $250,000,000 principal amount outstanding of its floating rate senior notes du...

1 month ago - PRNewsWire

Top Ranked Income Stocks to Buy for April 19th

Other stocks mentioned: BRT, ESCA, FHB
1 month ago - Zacks Investment Research

Q1 earnings start on a positive note with banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC), U.S. Bancorp (USB) & Truist (TFC) surpassing estimates on reserve releases and solid fee inc...

Other stocks mentioned: USB, WFC, BAC, C, JPM
2 months ago - Zacks Investment Research

Investors knew S&P 500 bank profits would soar. But the financial sector's results topped even bullish views, prompting investors to pick bank favorites.

Other stocks mentioned: C, CFG, HBAN, KEY, SIVB, XLF
2 months ago - Investors Business Daily

Truist Financial Corporation has reported its earnings for the first quarter, with the net income available to common shareholders being $1.3 billion, according to a company report. The earnings per dil...

2 months ago - PYMNTS

Robust results from the insurance business and investment banking support Truist Financial's (TFC) Q1 earnings amid low rates and weak loan demand.

2 months ago - Zacks Investment Research

Truist Financial Corporation (TFC) delivered earnings and revenue surprises of 5.36% and -0.07%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Shares of Truist Financial (NYSE:TFC) moved higher by 0.3% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share rose 35.63% over the past year to $1.18, whic...

2 months ago - Benzinga

CHARLOTTE, N.C., April 15, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today reported earnings for the first quarter of 2021.

2 months ago - PRNewsWire

Soft loan demand and not so impressive non-interest income performance are expected to have hurt Truist Financial's (TFC) Q1 earnings.

2 months ago - Zacks Investment Research

April marks the beginning of earnings season, and banks have many reasons for optimism. Here are seven bank stocks that have potential upside.

Other stocks mentioned: ALLY, C, JPM, PNC, SBNY, WFC
2 months ago - InvestorPlace

Investment company Selective Wealth Management (Current Portfolio) buys Vanguard Short-Term Bond ETF, Apple Inc, Truist Financial Corp, Microsoft Corp, Chevron Corp, sells Alphabet Inc, Bank OZK, Baidu ...

Other stocks mentioned: AAPL, BSV
2 months ago - GuruFocus

Truist Financial Corporation (TFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 months ago - Zacks Investment Research

CHARLOTTE, N.C., April 7, 2021 /PRNewswire/ -- After a year in which "working from home" began to feel like "living at work," America has undergone a profound shift in its understanding of "home," drivi...

2 months ago - PRNewsWire

CHARLOTTE, N.C., April 6, 2021 /PRNewswire/ -- Truist received the highest possible overall rating of "Outstanding" from the Federal Deposit Insurance Corporation for its most recent Community Reinvestm...

2 months ago - PRNewsWire

As interest rates have plunged over the past five years, many income investors have gone to leveraged high-yield funds and emerging market debt funds.

Other stocks mentioned: ESS, KMB, KO, SRE
2 months ago - 24/7 Wall Street

CHARLOTTE, N.C., March 30, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,250,000,000 principal amount outstanding of its 2.050% senior notes due May...

2 months ago - PRNewsWire

ATLANTA, March 25, 2021 /PRNewswire/ -- Greenwood, the digital banking platform for Black and Latino individuals and business owners, today announced it has closed $40 million of Series A funding from s...

2 months ago - PRNewsWire

WINSTON-SALEM, N.C., March 19, 2021 /PRNewswire/ -- Sheffield Financial, a division of Truist Bank, and Kawasaki Motors Corp., U.S.A.

2 months ago - PRNewsWire

WINSTON-SALEM, N.C., March 18, 2021 /PRNewswire/ -- Sheffield Financial, a division of Truist Bank, and ICON EV.

2 months ago - PRNewsWire

Final Trades: Alphabet, Taiwan Semi, Unum Group & more

YouTube video

The "Halftime Report" traders give their top picks to watch for the second half.

Other stocks mentioned: GOOG, GOOGL, TSM, UNM
2 months ago - CNBC Television

CHARLOTTE, N.C., March 12, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report first-quarter 2021 financial results before the market opens on Thursday, April 15, 2021.

3 months ago - PRNewsWire

PEMBROKE PINES, Fla., March 4, 2021 /PRNewswire/ -- The EPIC Foundation (EPIC) announces it received a $25,000 grant from Truist Foundation to expand its STEM Programs to high school students aspiring t...

3 months ago - PRNewsWire

CHARLOTTE, N.C., March 3, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Kelly S. King will speak at the RBC Capital Markets Glob...

3 months ago - PRNewsWire

CHARLOTTE, N.C., March 2, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) demonstrated its commitment to corporate social responsibility by issuing its first social bond of $1.25 billion i...

3 months ago - PRNewsWire

CHARLOTTE, N.C., Feb. 26, 2021 /PRNewswire/ -- SunTrust Real Estate Investment Corporation, an indirect subsidiary of Truist Bank, today announced it will redeem all 1,000 outstanding shares of its Seri...

3 months ago - PRNewsWire

Lower provisions & rise in fee income aid FDIC-insured banks' Q4 earnings. Driven by these factors, big banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC) & Truist Financial (TFC) have s...

Other stocks mentioned: BAC, C, JPM, WFC
3 months ago - Zacks Investment Research

Truist Financial Corporation (TFC) reported earnings 30 days ago. What's next for the stock?

3 months ago - Zacks Investment Research

CHARLOTTE, N.C., Feb. 19, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that President and Chief Operating Officer William H. Rogers, Jr., will speak at the Credit Suisse...

3 months ago - PRNewsWire

Rising bond yields mean more profits for regional banks. Gain exposure to the group with these two industry-themed ETFs.

Other stocks mentioned: FRC, IAT, KRE, PNC, RF, SIVB, USB
3 months ago - Investopedia

Diamond Hill Capital (Trades, Portfolio) recently disclosed its portfolio updates for the fourth quarter of 2020, which ended on Dec. 31.

Other stocks mentioned: ABT, AIG, BAC, C, GOOGL
4 months ago - GuruFocus

Truist Financial has been named as a Top 25 ''Dividend Giant'' by ETF Channel, with a staggering $8.58B worth of stock held by ETFs

4 months ago - Forbes

Value investors could be interested in the three securities listed below, as they yield low forward price-earnings ratios compared to the S&P 500's historical average of 15. The projections of future ea...

Other stocks mentioned: FCX, FITB
4 months ago - GuruFocus

Equity analysts are bullish on TFC. The valuation is low and the dividend yield is 3.75%.

4 months ago - Seeking Alpha

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...]

Industry
Banks-Regional
Founded
1872
Stock Exchange
NYSE
Ticker Symbol
TFC
Full Company Profile

Financial Performance

In 2020, TFC's revenue was $20.37 billion, an increase of 70.42% compared to the previous year's $11.95 billion. Earnings were $4.48 billion, an increase of 39.02%.

Financial Statements

Analyst Forecasts

According to 24 analysts, the average rating for TFC stock is "Buy." The 12-month stock price forecast is 65.31, which is an increase of 14.16% from the latest price.

Price Target
$65.31
(14.16% upside)
Analyst Consensus: Buy