Truist Financial Corp. (TFC)

NYSE: TFC · IEX Real-Time Price · USD
47.62
0.81 (1.73%)
May 25, 2022 4:00 PM EDT - Market closed
Market Cap63.40B
Revenue (ttm)23.10B
Net Income (ttm)6.03B
Shares Out1.33B
EPS (ttm)4.48
PE Ratio10.62
Forward PE9.29
Dividend$1.92 (4.03%)
Ex-Dividend DateMay 12, 2022
Volume7,799,975
Open46.64
Previous Close46.81
Day's Range46.64 - 47.93
52-Week Range44.85 - 68.95
Beta1.17
AnalystsBuy
Price Target64.83 (+36.1%)
Earnings DateApr 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...

IndustryBanks
Founded1872
Employees51,169
Stock ExchangeNYSE
Ticker SymbolTFC
Full Company Profile

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 Statements

Analyst 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.

Price Target
$64.83
(36.14% upside)
Analyst Consensus: Buy
Stock Forecasts

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...

2 days ago - PRNewsWire

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...

5 days ago - PRNewsWire

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?

6 days ago - Zacks Investment Research

Jim Cramer says to consider these five high-yielding stocks to upgrade your portfolio

"We need to high-grade our accidental high-yielder portfolio," the "Mad Money" host said Monday.

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1 week ago - CNBC

4 Stocks Trading Below Earnings Power Value

When screening the market for stocks that are trading at or below their fair prices, one tool investors can use is the earnings power value.

Other symbols:BKCPARA
1 week ago - GuruFocus

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 ...

2 weeks ago - PRNewsWire

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...

2 weeks ago - PRNewsWire

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.

3 weeks ago - PRNewsWire

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.

3 weeks ago - Zacks Investment Research

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 ...

3 weeks ago - PYMNTS

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...

3 weeks ago - PRNewsWire

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.

Other symbols:MSPNC
3 weeks ago - CNBC Television

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 ...

3 weeks ago - PRNewsWire

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 ...

4 weeks ago - PRNewsWire

3 Low Price-Book Ratio Stocks

Screening for stocks with market caps over $10 billion and price-book ratios under 1.5 could provide a good starting point for value investors as they seek to spot opportunities among the myriad of U.S....

Other symbols:BACWBD
1 month ago - GuruFocus

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.

1 month ago - Zacks Investment Research

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?

1 month ago - Zacks Investment Research

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...

1 month ago - PRNewsWire

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.

Other symbols:FITBTRV
1 month ago - Fox Business

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.

1 month ago - Zacks Investment Research

American Century's Mike Liss on his top stock picks: AD-NL, GE, TFC

Mike Liss, senior portfolio manager at American Century Investments, joins 'The Exchange' to discuss his top stock picks in the current market environment right now. For access to live and exclusive vid...

Other symbols:GE
1 month ago - CNBC Television

7 Bank Stocks to Buy if the Economic Recovery Story Pans Out

Should you have full confidence in the economic recovery narrative, these bank stocks might belong in your portfolio. The post 7 Bank Stocks to Buy if the Economic Recovery Story Pans Out appeared first...

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1 month ago - InvestorPlace

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...

1 month ago - PRNewsWire

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...

1 month ago - PRNewsWire

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...

2 months ago - Business Wire