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Truist Financial (TFC)

(Delayed Data from NYSE)

$43.84 USD

43.84
10,156,286

+1.97 (4.71%)

Updated Aug 23, 2024 04:00 PM ET

After-Market: $43.77 -0.07 (-0.16%) 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 Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

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2-Buy of 5   2      

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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B Value F Growth B Momentum C 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 17% (42 out of 251)

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.

Mark Vickery headshot

Top Analyst Reports for Costco, Merck & Linde

by Mark Vickery

Today's Research Daily features new research reports on 16 major stocks, including Costco Wholesale Corporation (COST), Merck & Co., Inc. (MRK) and Linde plc (LIN), as well as two micro-cap stocks Hamilton Beach Brands Holding Company (HBB) and Armanino Foods of Distinction, Inc. (AMNF).

Are Finance Stocks Lagging Bankinter (BKNIY) This Year?

by Zacks Equity Research

Here is how Bankinter SA (BKNIY) and Truist Financial Corporation (TFC) have performed compared to their sector so far this year.

KeyCorp (KEY) Stock Hits 52-Week High on Minority Stake Sale

by Zacks Equity Research

KeyCorp (KEY) touches a 52-week high on the news of strategic investment by the Bank of Nova Scotia (BNS). The initiative is expected to be accretive to KeyCorp's 2025 and 2026 earnings and drive NII.

Red River Bancshares (RRBI) Amends Share Repurchase Program

by Zacks Equity Research

Red River Bancshares (RRBI) announces a reduction of $3 million in its 2024 repurchase plan in light of a privately negotiated share buyback transaction of the same amount with two of its shareholders.

Zacks Industry Outlook JPMorgan,U.S. Bancorp and Truist Financial

by Zacks Equity Research

JPMorgan,U.S. Bancorp and Truist Financial have been highlighted in this Industry Outlook article.

Swayta Shah headshot

3 Stocks From the Prospering Major Regional Banks Industry

by Swayta Shah

High funding costs and weakening asset quality will hurt Zacks Major Regional Banks. Yet, interest rate cuts, modest loan demand, decent economic growth and business restructuring efforts are likely to aid industry players like JPMorgan (JPM), U.S. Bancorp (USB) and Truist (TFC).

TFC or PNC: Which Is the Better Value Stock Right Now?

by Zacks Equity Research

TFC vs. PNC: Which Stock Is the Better Value Option?

Truist Financial Corporation (TFC) is a Great Momentum Stock: Should You Buy?

by Zacks Equity Research

Does Truist Financial Corporation (TFC) have what it takes to be a top stock pick for momentum investors? Let's find out.

Truist Financial (TFC) Upgraded to Buy: What Does It Mean for the Stock?

by Zacks Equity Research

Truist Financial (TFC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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

by Zacks Equity Research

Sector ETF report for IAT

Moody's (MCO) Q2 Earnings Beat on Solid Bond Issuance Volume

by Zacks Equity Research

Steady improvement in global bond issuances and demand for analytics drive Moody's (MCO) Q2 earnings.

Stock Market News for Jul 23, 2024

by Zacks Equity Research

U.S. stock markets closed higher on Monday after a disappointing last week.

Truist Financial (TFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

by Zacks Equity Research

Although the revenue and EPS for Truist Financial (TFC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Truist (TFC) Q2 Earnings Top on Higher Fee Income, Costs Dip

by Zacks Equity Research

A rise in fee income, lower adjusted expenses and a decline in provisions support Truist's (TFC) Q2 earnings amid weakness in NII.

Truist Financial Corporation (TFC) Beats Q2 Earnings and Revenue Estimates

by Zacks Equity Research

Truist Financial (TFC) delivered earnings and revenue surprises of 8.33% and 1.89%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?

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.

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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.