Truist Financial Corporation (TFC)
- Previous Close
38.79 - Open
38.63 - Bid --
- Ask --
- Day's Range
37.74 - 38.79 - 52 Week Range
25.56 - 39.29 - Volume
7,095,876 - Avg. Volume
9,643,583 - Market Cap (intraday)
50.808B - Beta (5Y Monthly) 1.07
- PE Ratio (TTM)
-- - EPS (TTM)
-1.38 - Earnings Date Jul 18, 2024
- Forward Dividend & Yield 2.08 (5.48%)
- Ex-Dividend Date May 9, 2024
- 1y Target Est
42.20
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.com49,218
Full Time Employees
December 31
Fiscal Year Ends
Sector
Industry
Recent News: TFC
Performance Overview: TFC
Trailing total returns as of 4/25/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
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Statistics: TFC
Valuation Measures
Market Cap
50.81B
Enterprise Value
--
Trailing P/E
--
Forward P/E
10.99
PEG Ratio (5yr expected)
2.75
Price/Sales (ttm)
2.29
Price/Book (mrq)
0.97
Enterprise Value/Revenue
--
Enterprise Value/EBITDA
--
Financial Highlights
Profitability and Income Statement
Profit Margin
-6.76%
Return on Assets (ttm)
-0.24%
Return on Equity (ttm)
-2.18%
Revenue (ttm)
20.81B
Net Income Avi to Common (ttm)
-1.73B
Diluted EPS (ttm)
-1.38
Balance Sheet and Cash Flow
Total Cash (mrq)
41.91B
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
--
Research Analysis: TFC
Company Insights: TFC
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Research Reports: TFC
Analyst Report: Truist Financial Corporation
Truist Financial was formed through the December 2019 merger of equals between BB&T Corp. and SunTrust Banks. The combined company has about $535 billion in assets and ranks as the sixth-largest bank, for both assets and deposits, in the U.S.
RatingPrice TargetMarket Digest: TSM, TFC, GILD, OMC, VZ
We've reported for weeks that the trading activity among corporate insiders in general, but on the tech-heavy Nasdaq in particular, was clearly suggesting that stocks likely had come too far, too fast. Further, insider-sentiment data from Vickers Stock Research left the clear impression that stocks were priced for perfection and vulnerable to events like inflation disappointment, geopolitical turmoil, or less-than-expected corporate earnings. Now, a mix of all those things seem to be in play and stocks are indeed experiencing rough sledding for the first time since about October. Reflecting the forecasting from Vickers, as of this writing the Nasdaq Composite and Nasdaq 100 have slid about 7% from the March 22 highs while the S&P 500 is off about 5%.
Analyst Report: Truist Financial Corporation
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, the primary one being its insurance brokerage business.
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The cold hard message is sinking in. Higher rates are here to stay for longer than expected. Federal Reserve Chairman Jerome Powell has said multiple times that the Fed will be 'data-driven' when deciding on monetary policy. And the data has spoken. First, let's look at inflation. There has been great progress made in knocking inflation down from its peak of 9.1% in June of 2022. But achieving progress at the current lower levels, with inflation in the low-3% range, as expected, has been difficult. The Fed has been specific, saying inflation needs to be at 2% before restrictive policy will be eased. The Fed was patient after the January inflation data, and again with February data. But when March showed persistently higher prices, the Fed threw came right out and said that change can wait. Chairman Powell said the following last week. "The recent data have clearly not given us greater confidence..." and "If higher inflation does persist, we can maintain the current level of restriction for as long as needed." Now let's consider unemployment. The Fed again has been specific. Officials are looking for a 4.1% unemployment rate to gently (hopefully) slow the economy. Currently, the rate is not budging and is vacillating between 3.8% and 3.9%. Given the current macroeconomic backdrop, the following is a list of industries and companies we like that should benefit from a sustained period of higher interest rates. All are BUY-rated at Argus.