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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 F 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

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.

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BankUnited (BKU) records increases in revenues, expenses and provisions in the second quarter of 2022.

Regions Financial (RF) Q2 Earnings Beat, Revenues Rise Y/Y

Regions Financial's (RF) Q2 earnings witness a positive surprise on improving NII and average loan balances. Yet, a rise in expenses and higher provision for credit losses act as spoilsports.

Fifth Third Bancorp (FITB) Q2 Earnings Miss Estimates, NII Up

Fifth Third (FITB) records a year-over-year increase in NII in Q2. However, a rise in provision for credit losses and a fall in non-interest income hurt.

Huntington (HBAN) Q2 Earnings Beat on Revenue Growth, Loans Up

Net interest income growth and lower expenses drive Huntington's (HBAN) Q2 earnings. Improved credit metrics are encouraging.

KeyCorp (KEY) Q2 Earnings Beat Estimates on Higher NII, Loans

An increase in NII and loan growth supports KeyCorp's (KEY) Q2 earnings despite headwinds like modestly higher expenses, fall in fee income and rise in provisions.

Comerica (CMA) Q2 Earnings Surpass Estimates, NII Rises

High NII supports Comerica's (CMA) second-quarter earnings. However, an increase in expenses and a fall in fee income hurt.

Northern Trust (NTRS) Q2 Earnings Miss, Revenues Rise Y/Y

Higher revenues, resulting from a rise in fee income and NII, support Northern Trust's (NTRS) Q2 results against a rising expense base and declining assets under management.

M&T Bank (MTB) Q2 Earnings Meet Estimates, NII Rises on Loans

M&T Bank (MTB) witnesses a rise in revenues in Q2 on a higher NII and fee income. However, cost and credit woes prevail.

Company News for Jul 20, 2022

Companies in The News Are: BA, NVS, TFC, IBM

Truist (TFC) Q2 Earnings Beat Estimates as Loans & Rates Rise

Rise in average loan balance, higher interest rates and increase in insurance income support Truist Financial's (TFC) Q2 earnings.

Truist Financial Corporation (TFC) Q2 Earnings and Revenues Surpass Estimates

Truist Financial Corporation (TFC) delivered earnings and revenue surprises of 2.56% and 0.32%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

NII, Loans, Fee Income to Aid Truist Financial (TFC) Q2 Earnings

Higher interest rates support NII, which along with a rise in loan demand and decent fee income growth, are expected to have supported Truist Financial's (TFC) Q2 earnings.

What's in the Cards for Regions Financial's (RF) Q2 Earnings?

An improved lending scenario is expected to have driven Regions Financial's (RF) NII in Q2. Higher fee income is expected to have acted as another tailwind.

Bank of America (BAC) Misses Q2 Earnings and Revenue Estimates

Bank of America (BAC) delivered earnings and revenue surprises of -5.19% and 1.23%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Ally Financial (ALLY) to Report Q2 Earnings: What's in Store?

Ally Financial (ALLY) is expected to have recorded a rise in fee revenues in the second quarter of 2022.

What's in the Cards for Huntington (HBAN) in Q2 Earnings?

Despite an improvement in the lending scenario and a rise in fee income and NII, high expenses are expected to have acted as spoilsports for Huntington's (HBAN) Q2 earnings.

Trading Business, Higher Rates to Aid Schwab (SCHW) Q2 Earnings

Driven by the rise in volatility, Schwab (SCHW) is expected to have witnessed growth in second-quarter 2022 trading revenues.

The PNC Financial Services Group, Inc (PNC) Q2 Earnings and Revenues Beat Estimates

The PNC Financial Services Group, Inc (PNC) delivered earnings and revenue surprises of 9.97% and 0.27%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

The Zacks Analyst Blog Highlights Synchrony Financial, Johnson & Johnson, J.B. Hunt Transport Services, Citizens Financial Group, and Truist Financial

Synchrony Financial, Johnson & Johnson, J.B. Hunt Transport Services, Citizens Financial Group, and Truist Financial are part of Zacks top Analyst Blog.

Analysts Estimate BankUnited, Inc. (BKU) to Report a Decline in Earnings: What to Look Out for

BankUnited, Inc. (BKU) 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.

What's in Store for M&T Bank (MTB) This Earnings Season?

While loan growth is expected to have aided M&T Bank's (MTB) Q2 net interest income, low mortgage banking revenues and high expenses are anticipated to have been spoilsports.

Can Northern Trust (NTRS) Retain Its Beat Streak in Q2?

Despite a rise in NII, backed by higher rates, Northern Trust's (NTRS) Q2 earnings are likely to have been affected by weaker equity and fixed income market.

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5 Large-Cap Stocks Likely to Gain on Q2 Earnings Next Week

Five large-cap companies will report second-quarter 2022 earnings results next week. These are: SYF, JNJ, JBHT, TFC and CFG.

Loans, NII Growth to Aid Citizens Financial's (CFG) Q2 Earnings

Rising fee income and higher loans are expected to have propelled Citizens Financial's (CFG) Q2 earnings despite higher expenses.

Loans to Aid Comerica (CMA) Q2 Earnings, Fee Income to Hurt

Despite the improvement in lending activity and net interest income, lower fee income is expected to have discouraged Comerica's (CMA) Q2 earnings. Higher expenses are likely to have been spoilsports.