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Truist Financial (TFC)

(Delayed Data from NYSE)

$42.41 USD

42.41
9,975,097

-0.03 (-0.07%)

Updated Jul 19, 2024 04:00 PM ET

After-Market: $42.13 -0.28 (-0.66%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.15%
2Buy17.88%
3Hold9.47%
4Sell5.14%
5Strong Sell2.57%
S&P50011.11%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value F Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 12% (31 out of 250)

Industry: Banks - Major Regional

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Zacks News

Truist Financial, formed following the ‘merger of equals’ deal between BB&T Corp and SunTrust Banks, is the sixth largest bank in the United States. The company — headquartered in Charlotte, NC — conducts business operations primarily through its bank subsidiary, Truist Bank, and few other non-bank subsidiaries. Truist Bank — through more than 2,880 banking offices and 4,237 automated telling machines (ATMs) — offers a variety of services to consumer and commercial clients.

Comerica Incorporated (CMA) Tops Q2 Earnings and Revenue Estimates

by Zacks Equity Research

Comerica (CMA) delivered earnings and revenue surprises of 28.57% and 1.38%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

BankUnited, Inc. (BKU) Surpasses Q2 Earnings and Revenue Estimates

by Zacks Equity Research

BankUnited (BKU) delivered earnings and revenue surprises of 10.77% and 2.76%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Fee Income to Aid Truist's (TFC) Q2 Earnings, Lower NII to Hurt

by Zacks Equity Research

A rise in fee income, driven by solid IB and wealth management businesses, is likely to have supported Truist's (TFC) Q2 earnings amid weakness in NII and elevated provisions.

Northern Trust Corporation (NTRS) Q2 Earnings and Revenues Top Estimates

by Zacks Equity Research

Northern Trust (NTRS) delivered earnings and revenue surprises of 1.71% and 47.05%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

State Street Corporation (STT) Tops Q2 Earnings and Revenue Estimates

by Zacks Equity Research

State Street (STT) delivered earnings and revenue surprises of 6.97% and 1.36%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

Analysts Estimate Truist Financial Corporation (TFC) to Report a Decline in Earnings: What to Look Out for

by Zacks Equity Research

Truist Financial (TFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

BNY Mellon (BK) Gains on Q2 Earnings Beat, Revenue Growth

by Zacks Equity Research

BNY Mellon (BK) records a decline in expenses and higher revenues in the second quarter of 2024.

Truist (TFC) Declares SCB, Rewards Shareholders With Buyback Plan

by Zacks Equity Research

Truist's (TFC) board of directors has approved a share repurchase authorization worth $5 billion through 2026, following the clearance of the 2024 stress test.

High Rates, Restructuring Aid Truist (TFC) Amid Cost Woes

by Zacks Equity Research

Truist (TFC) is well-positioned for top-line improvement, supported by higher interest rates and decent loan growth. Yet, elevated costs might hurt profits.

Swayta Shah headshot

3 S&P 500 Banks With Solid Dividend Yield to Keep an Eye On

by Swayta Shah

Apart from strong fundamentals, S&P 500 banks like Comerica (CMA), KeyCorp (KEY) and Truist Financial (TFC) have solid dividend yields, which are likely to help income investors generate robust returns.

SocGen (SCGLY) Faces Difficulty in Offloading Securities Unit

by Zacks Equity Research

SocGen (SCGLY) struggles to strike a deal for its securities services unit because potential bidders are not convinced with the price the bank is seeking.

Synovus (SNV) Arm Ratings Affirmed by Moody's, Outlook Stable

by Zacks Equity Research

Moody's rating affirms Synovus' (SNV) subsidiary's ratings with a stable outlook. This shows a balance between the credit headwinds associated with a significant concentration in CRE loans.

Associated Banc-Corp (ASB) Ratings, Outlook Affirmed by Moody's

by Zacks Equity Research

Associated Banc-Corp (ASB) announces that its ratings and outlook have been affirmed given well-managed loans and deposit mix. Weak capital & liquidity and significant CRE loan concentration are woes.

Should You Retain Franklin (BEN) for 5.2% Dividend Yield?

by Zacks Equity Research

Solid dividend-yielding stocks are highly desirable amid the current uncertain macroeconomic environment. One such stock from the investment management industry is Franklin (BEN).

Truist's (TFC) Business Restructuring to Aid Amid Cost Woe

by Zacks Equity Research

Truist Financial (TFC) remains well-poised for top-line growth driven by loan demand and fee income growth, restructuring plans and higher rates. However, high costs and weak asset quality are woes.

Should You Invest in the iShares U.S. Regional Banks ETF (IAT)?

by Zacks Equity Research

Sector ETF report for IAT

Should You Buy T. Rowe Price (TROW) for 4.25% Dividend Yield?

by Zacks Equity Research

Solid dividend-yielding stocks are highly desirable amid the current uncertain macroeconomic environment. One such stock from the investment management industry is T. Rowe Price (TROW).

New York Community (NYCB) to Sell Warehouse Loans To JPM

by Zacks Equity Research

New York Community's (NYCB) sale of mortgage warehouse loans to JPMorgan (JPM) will improve the former's capital, liquidity and loan-to-deposit metrics.

Truist (TFC) Ratings Cut by Moody's on Business Divestiture

by Zacks Equity Research

Truist's (TFC) ratings are downgraded by Moody's following the completion of TIH divestiture. The sale makes the company more depended on spread income and its revenue stream becomes less diversified than before.

Commerce Bancshares' (CBSH) Balance Sheet Revamp to Aid NII

by Zacks Equity Research

Commerce Bancshares (CBSH) announces a strategic balance sheet repositioning, which will drive its NII higher. This follows the acceptance of a share exchange deal with Visa.

New York Community (NYCB) Rating Downgraded to BB by Fitch

by Zacks Equity Research

Fitch Ratings downgrade New York Community's (NYCB) IDRs. This is primarily due to the bank's weak earnings and profitability.

Synovus (SNV) to Sell RWA & Reposition Securities Portfolio

by Zacks Equity Research

Synovus (SNV) plans to reduce risk-weighted assets by $2-$2.4 billion in second-quarter 2024 and sell available-for-sale securities with a book value of $1.6 billion.

Truist (TFC) Closes TIH Sale, Repositions Balance Sheet

by Zacks Equity Research

Truist (TFC) completes the sale of its subsidiary, TIH, and executes a balance sheet repositioning strategy. Driven by these, the company's 2024 total revenues will be higher than previously expected.

UBS Group (UBS) Plans to Reduce Cost in Asset Management Unit

by Zacks Equity Research

UBS Group (UBS) intends to reduce hundreds of millions of dollars in its asset management business in order to remain profitable, per Reuters.

Company News for Apr 23, 2024

by Zacks Equity Research

Companies in The News Are: TFC,AZZ,LI,ZION