Truist Financial Corp

Truist Financial Corp Stock Forecast & Price Prediction

Live Truist Financial Corp Stock (TFC) Price
$47.00

0

Ratings

  • Buy 0
  • Hold 0
  • Sell 0
Disclaimer : Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance. This information is for educational purposes only and should not be construed as advice to buy or sell any security.

Stock Price

$47.00

P/E Ratio

8.99

Volume Traded Today

$34.3M

Dividend

$0.52

52 Week High/low

46.33/28.93

Truist Financial Corp Market Cap

$55.85B

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TFC Summary

The Truist Financial Corp (TFC) share price is expected to decrease by 0.04% over the next year. This is based on calculating the average 12-month share price estimate provided by 0 stock analysts who have covered TFC. Price targets range from $40.45 at the low end to $50 at the high end. The current analyst consensus for TFC is a sell. Please note analyst price targets are not guaranteed and could be missed completely.

TFC Analyst Ratings

Truist Financial Corp has a total of 0 Wall St Analyst ratings. There are 0 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a sell consensus rating, the expectation is that Truist Financial Corp will perform worse than the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.

TFC stock forecast by analyst

These are the latest 20 analyst ratings of TFC.

Analyst/Firm

Rating

Price Target

Change

Date

Gerard Cassidy
RBC Capital

Outperform

$46

Maintains

Oct 18, 2024
Erika Najarian
UBS

Buy

$49

Maintains

Oct 18, 2024
Terry McEvoy
Stephens & Co.

Overweight

$50

Reiterates

Sep 10, 2024
Bill Carache
Wolfe Research

Peer Perform


Upgrade

Aug 9, 2024
Betsy Graseck
Morgan Stanley

Equal-Weight

$51

Maintains

Jul 30, 2024
Keith Horowitz
Citigroup

Neutral

$47

Downgrade

Jul 24, 2024
Ebrahim Poonawala
B of A Securities

Buy

$50

Maintains

Jul 23, 2024
Stephen Biggar
Argus Research

Buy

$51

Maintains

Jul 23, 2024
Gerard Cassidy
RBC Capital

Outperform

$45

Maintains

Jul 23, 2024
Jason Goldberg
Barclays

Equal-Weight

$47

Maintains

Jul 23, 2024
Betsy Graseck
Morgan Stanley

Equal-Weight

$46

Maintains

Jul 23, 2024
Ryan Nash
Goldman Sachs

Buy

$50

Maintains

Jul 23, 2024
David Konrad
Keefe, Bruyette & Woods

Outperform

$48

Maintains

Jul 23, 2024
David George
Baird

Neutral

$45

Downgrade

Jul 17, 2024
Jason Goldberg
Barclays

Equal-Weight

$43

Reinstates

May 16, 2024
Terry McEvoy
Stephens & Co.

Overweight

$47

Maintains

May 16, 2024
Scott Siefers
Piper Sandler

Neutral

$41

Maintains

May 14, 2024
John Pancari
Evercore ISI Group

In-Line

$44

Reinstates

May 9, 2024
Saul Martinez
HSBC

Hold

$41

Maintains

May 8, 2024
David Konrad
Keefe, Bruyette & Woods

Outperform

$46

Maintains

May 8, 2024

TFC Company Information

What They Do: Provides comprehensive financial services and banking.

Business Model: The company operates three primary segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. It generates revenue through a diverse range of banking products, including deposit accounts, loans, investment services, and insurance offerings, catering to both individual and commercial clients.

Other Information: Truist Financial Corporation, headquartered in Charlotte, North Carolina, was founded in 1872 and rebranded from BB&T Corporation in December 2019. The company serves clients primarily in the Southeastern and Mid-Atlantic United States, emphasizing a wide array of financial solutions and services.
TFC
Truist Financial Corp (TFC)

When did it IPO

1980

Staff Count

41,368

Country

United States

Sector/Industry

Financial Services/Banksโ€”Regional

CEO

Mr. William Henry Rogers Jr.

Market Cap

$55.85B

Truist Financial Corp (TFC) Financial Data

In 2023, TFC generated $23.39B in revenue, which was a increase of 1.54% from the previous year. This can be seen as a signal that TFC's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.

Revenue From 2020

$22.71B

Revenue From 2021

$22.30B

-1.80 %
From Previous Year

Revenue From 2022

$23.04B

3.31 %
From Previous Year

Revenue From 2023

$23.39B

1.54 %
From Previous Year
  • Revenue TTM $14.50B
  • Operating Margin TTM 40.3%
  • Gross profit TTM $0
  • Return on assets TTM -1.1%
  • Return on equity TTM -9.5%
  • Profit Margin -10.7%
  • Book Value Per Share 44.46%
  • Market capitalisation $55.85B
  • Revenue for 2021 $22.30B
  • Revenue for 2022 $23.04B
  • Revenue for 2023 $23.39B
  • EPS this year (TTM) $-4.86

Truist Financial Corp (TFC) Latest News

News Image

Tue, 05 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Zacks Premium research service offers Zacks Style Scores, which aids investors in identifying strong stocks across value, growth, or momentum categories.

Why It Matters - The Zacks Style Scores can enhance stock selection across investment strategies, potentially improving returns and guiding investment decisions more effectively.

News Image

Wed, 06 Nov 2024

Sentiment - POSITIVE

Source - Zacks Investment Research

Summary - Zacks Style Scores can help investors identify strong, market-beating stocks for their portfolios.

Why It Matters - The Zacks Style Scores can guide investors in identifying high-potential stocks, enhancing portfolio performance and potentially leading to superior returns.

News Image

Mon, 04 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Truist Financial Corporation (NYSE: TFC) has appointed Kerry Jessani as the new head of mid-corporate banking, effective immediately.

Why It Matters - Truist's hiring of Kerry Jessani indicates a strategic focus on enhancing its mid-corporate banking sector, potentially impacting growth and profitability in that market segment.

News Image

Wed, 30 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Truist Financial's Chief Consumer and Small Business Banking Officer, Dontรก Wilson, will speak at the BancAnalysts Association of Boston Conference on Nov. 7, 2024, at 8:55 a.m.

Why It Matters - Truist's executive speaking at a major conference signals strategic insights and potential market direction, influencing investor confidence and stock performance.

News Image

Fri, 01 Nov 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Truist Financial plans to redeem all 7,500 shares of its Perpetual Preferred Stock, Series L, and 750,000 Series L Depositary Shares on December 16, 2024.

Why It Matters - Truist Financial's redemption of its preferred stock may signal improved financial health, potentially impacting credit ratings and investor confidence in the company's stability and future prospects.

News Image

Tue, 22 Oct 2024

Sentiment - NEUTRAL

Source - PRNewsWire

Summary - Truist Financial Corporation declared a quarterly cash dividend of $0.52 per share, payable on Dec. 2, 2024, to shareholders of record by Nov. 8, 2024.

Why It Matters - Truist Financial's declaration of a $0.52 dividend reflects financial stability and can enhance shareholder returns, signaling confidence in future performance.

...

TFC Frequently asked questions

The highest forecasted price for TFC is $50 from at B of A Securities.

The lowest forecasted price for TFC is $40.45 from Dick Bove from Odeon Capital

The TFC analyst ratings consensus are 0 buy ratings, 0 hold ratings, and 0 sell ratings.