Truist Financial Corp. (TFC)
| Market Cap | 63.40B |
| Revenue (ttm) | 23.10B |
| Net Income (ttm) | 6.03B |
| Shares Out | 1.33B |
| EPS (ttm) | 4.48 |
| PE Ratio | 10.62 |
| Forward PE | 9.29 |
| Dividend | $1.92 (4.03%) |
| Ex-Dividend Date | May 12, 2022 |
| Volume | 7,799,975 |
| Open | 46.64 |
| Previous Close | 46.81 |
| Day's Range | 46.64 - 47.93 |
| 52-Week Range | 44.85 - 68.95 |
| Beta | 1.17 |
| Analysts | Buy |
| Price Target | 64.83 (+36.1%) |
| Earnings Date | Apr 19, 2022 |
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...
Financial Performance
In 2021, TFC's revenue was $23.11 billion, an increase of 13.45% compared to the previous year's $20.37 billion. Earnings were $6.44 billion, an increase of 43.69%.
Financial StatementsAnalyst Forecast
According to 28 analysts, the average rating for TFC stock is "Buy." The 12-month stock price forecast is 64.83, which is an increase of 36.14% from the latest price.
News
Truist CEO to speak at the Bernstein Strategic Decisions Conference
CHARLOTTE, N.C. , May 23, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Bernstein Strategic Decisi...
Truist announces retirement of Chief Financial Officer Daryl Bible
CHARLOTTE, N.C. , May 20, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Daryl Bible has made the decision to retire from Truist after a disti...
Truist Financial Corporation (TFC) Down 11.8% Since Last Earnings Report: Can It Rebound?
Truist Financial Corporation (TFC) reported earnings 30 days ago. What's next for the stock?
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Truist Announces Redemption of Senior Notes due June 2022
CHARLOTTE, N.C. , May 9, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,350,000,000 principal amount outstanding of its 3.050% senior notes due June ...
CAEL receives $15.7 million grant from Truist Foundation to strengthen financial services career pathways
Partnership with Council for Adult and Experiential Learning will establish support and training for adult learners entering financial services and adjacent industries INDIANAPOLIS , May 9, 2022 /PRNew...
Truist Increases Prime Rate to 4.00 Percent
CHARLOTTE, N.C. , May 4, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced an increase in its prime lending rate to 4.00 percent from 3.50 percent, effective tomorrow, May 5, 2022.
Truist Financial (TFC) Buys Gamified Finance App Long Game
Truist Financial (TFC) acquires Long Game, the pioneer in gamified finance mobile applications, to help its clients build financial wellness.
Truist Buys Gamified Finance App Long Game
Truist has announced it will be acquiring Long Game, the gamified finance mobile app, a Truist press release said Tuesday (May 3). Long Game uses prize-linked savings and casual gaming to help motivate ...
Truist acquires mobile savings gamification pioneer Long Game
Acquisition underscores Truist's commitment to financial wellness, technology innovation and diversity CHARLOTTE, N.C. , May 3, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today annou...
We do expect relief on inflation by late summer or early fall, says Matrix's David Katz
David Katz, Matrix Asset Advisors president and chief investment officer, joins 'The Exchange' to discuss the Fed and inflation.
Small business owners are more resilient, according to a Truist survey
Owners are concerned about the economy and inflation, but remain resilient CHARLOTTE, N.C. , April 28, 2022 /PRNewswire/ -- Small business owners have taken many actions to overcome the challenges they ...
Truist Declares Common and Preferred Stock Dividends
CHARLOTTE, N.C. , April 26, 2022 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.48 per common share, payable on June ...
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Truist (TFC) Q1 Earnings Beat on Provision Benefit, Higher Loans
Provision benefits and rise in demand for loans support Truist's (TFC) Q1 earnings. A decline in the top line and higher costs act as undermining factors.
Truist Financial Corporation (TFC) Tops Q1 Earnings Estimates
Truist Financial Corporation (TFC) delivered earnings and revenue surprises of 9.82% and 3.45%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Truist reports first quarter 2022 results
First quarter 2022 GAAP earnings of $1.3 billion, or $0.99 per diluted share First quarter 2022 Adjusted earnings of $1.6 billion, or $1.23 per diluted share Results reflect solid loan growth, strong ex...
US stocks rebound early Tuesday; 1Q earnings results for Travelers, Truist Financial, Fifth Third expected
U.S. stocks were slightly higher as the flood of financial earnings will continue with Dow members Travelers, Truist Financial, and Fifth Third Bancorp posting results.
Fee Income Woes to Hurt Truist Financial (TFC) Q1 Earnings
Subdued fee income and higher expenses are expected to have hurt Truist Financial's (TFC) Q1 earnings, despite decent improvement in loan demand.
American Century's Mike Liss on his top stock picks: AD-NL, GE, TFC
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Truist and the Braves Development Company announce new national headquarters for Truist Securities inside The Battery...
Announcement Renews and Expands Truist's Presence in Atlanta Strengthens Partnership Between Truist and the Atlanta Braves Construction of New Building to Begin at The Battery Atlanta in the Second Hal...
Truist Bank Announces Redemption of Senior Notes due May 2022
CHARLOTTE, N.C. , March 31, 2022 /PRNewswire/ -- Truist Bank today announced it will redeem on April 17, 2022, all $1,350,000,000 principal amount outstanding of its 2.800% senior notes due May 17, 2022...
NORTHSTAR FINANCIAL SERVICES (BERMUDA) TRUIST INVESTMENT SERVICES INVESTOR ALERT: National Investment Fraud Lawyers K...
MIAMI--(BUSINESS WIRE)--National investment fraud lawyers KlaymanToskes continues to investigate potential FINRA arbitration claims on behalf of investors who sustained losses exceeding $100,000 in Nort...