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Truist Financial Corporation (TFC)

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43.42 +0.33 (+0.75%)
As of 11:20 AM EDT. Market Open.
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DELL
  • Previous Close 43.09
  • Open 42.75
  • Bid 43.42 x 1200
  • Ask 43.42 x 800
  • Day's Range 42.75 - 43.81
  • 52 Week Range 28.13 - 45.31
  • Volume 2,194,755
  • Avg. Volume 7,671,000
  • Market Cap (intraday) 58.139B
  • Beta (5Y Monthly) 1.04
  • PE Ratio (TTM) --
  • EPS (TTM) -5.09
  • Earnings Date Jan 17, 2025
  • Forward Dividend & Yield 2.08 (4.83%)
  • Ex-Dividend Date Nov 8, 2024
  • 1y Target Est 47.05

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 lending; credit card lending; consumer finance; home equity and mortgage lending; other direct retail lending; insurance; investment brokerage; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; small business lending; and wealth management/private banking services. In addition, it offers asset based lending, investment banking and capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, floor plan, mortgage warehouse lending, real estate lending, and supply chain financing services. Further, the company provides insurance brokerage, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment management and advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

www.truist.com

37,867

Full Time Employees

December 31

Fiscal Year Ends

Recent News: TFC

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Performance Overview: TFC

Trailing total returns as of 10/30/2024, which may include dividends or other distributions. Benchmark is

.

YTD Return

TFC
22.42%
S&P 500
22.40%

1-Year Return

TFC
66.49%
S&P 500
41.79%

3-Year Return

TFC
20.47%
S&P 500
26.77%

5-Year Return

TFC
0.35%
S&P 500
92.24%

Compare To: TFC

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Statistics: TFC

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Valuation Measures

Annual
As of 10/29/2024
  • Market Cap

    57.20B

  • Enterprise Value

    --

  • Trailing P/E

    --

  • Forward P/E

    10.80

  • PEG Ratio (5yr expected)

    1.96

  • Price/Sales (ttm)

    4.13

  • Price/Book (mrq)

    0.97

  • Enterprise Value/Revenue

    8.73

  • Enterprise Value/EBITDA

    --

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -10.68%

  • Return on Assets (ttm)

    -1.14%

  • Return on Equity (ttm)

    -9.50%

  • Revenue (ttm)

    14.5B

  • Net Income Avi to Common (ttm)

    -6.48B

  • Diluted EPS (ttm)

    -5.09

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    47.82B

  • Total Debt/Equity (mrq)

    --

  • Levered Free Cash Flow (ttm)

    --

Research Analysis: TFC

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Earnings Per Share

Consensus EPS
 

Revenue vs. Earnings

Revenue 4.64B
Earnings 1.44B
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Analyst Price Targets

40.45 Low
47.05 Average
43.42 Current
50.00 High
 

Company Insights: TFC

Research Reports: TFC

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  • Argus Quick Note: Weekly Stock List for 10/28/2024: U.S. Election Part 1, the Impact on Industrials and Financials

    The U.S. presidential election is just days away. Which candidate is better for the stock market? Surprisingly, we don't think it matters that much. This theory is backed up by historical data. Our review of presidential cycles reveals that the primary driver of stock success is market fundamentals - how well the economy is doing, if inflation is maintained at the low 2%-3% levels, if the labor market remains strong and unemployment doesn't creep up, and if interest rates are lower. This is the best case for stocks and outweighs whoever is in the White House. That said, there are some nuances and implications for individual sectors. For our list this week and next, we look at several sectors and how they might be impacted by America's choice for the next president. Below, we look at the Industrial and Financial sectors and how they might perform under either candidate.

     
  • Positive impact from balance sheet repositioning apparent in 3Q

    Truist Financial was formed through the December 2019 merger of equals between BB&T Corp. and SunTrust Banks. The combined company has about $520 billion in assets and ranks as the sixth-largest bank for both assets and deposits in the U.S.

    Rating
    Price Target
     
  • The major indices are mostly higher though small caps are lagging. It's

    The major indices are mostly higher though small caps are lagging. It's been a heavy morning for economic data that is showing a strong US consumer. Retail Sales came in higher than expected at 0.4% for September compared to expectations of 0.3% and 0.1% the month before. On the labor front, fewer people filed for unemployment benefits last week than expected. Jobless claims dropped 19,000 to 241,000 last week. Economists had expected a bump higher.

     
  • Truist Earnings: New Medium-Term Mid-Teens Return Target, Continued Elevated Repurchases Expected

    Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments.

    Rating
    Price Target
     

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