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.
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.
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 |
When did it IPO
1980
Staff Count
41,368
Country
United States
Sector/Industry
Financial Services/BanksโRegional
CEO
Mr. William Henry Rogers Jr.
Market Cap
$55.85B
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
Revenue From 2021
Revenue From 2022
Revenue From 2023
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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.
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.
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.
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.