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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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Solid trading performance, loan growth and higher interest rates might have aided BofA's (BAC) Q2 earnings. Dismal IB performance and rise in provisions are likely to have been headwinds.

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Caleres and Cisco are part of Zacks Bull and Bear of the Day article.

Trading to Aid Goldman's (GS) Q2 Earnings, Low IB to Hurt

Improvement in the trading business, higher NII and loan growth are likely to have driven Goldman's (GS) Q2 earnings. Yet, lower investment banking revenues and high costs are expected to have ailed.

Why is Earnings Beat Less Likely for State Street (STT) in Q2?

Supported by loan growth and higher rates, State Street (STT) is expected to have recorded a rise in interest income in the second quarter of 2022.

BlackRock (BLK) to Report Q2 Earnings: What's in Store?

BlackRock (BLK) is expected to have witnessed AUM growth in the second quarter of 2022.

Trading to Support Morgan Stanley (MS) Q2 Earnings, IB to Ail

Strong trading business, higher loan demand and a rise in interest rates might have aided Morgan Stanley's (MS) Q2 earnings. Disappointing IB performance is likely to have been a headwind.

Truist Financial Corporation (TFC) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release

Truist Financial Corporation (TFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Can Truist Financial Corporation (TFC) Keep the Earnings Surprise Streak Alive?

Truist Financial Corporation (TFC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Trading, Loans, Higher Rates to Aid JPMorgan (JPM) Q2 Earnings

Improvement in trading business, higher NII and loan growth are likely to have aided JPMorgan's (JPM) Q2 earnings. Weakness in investment banking & mortgage businesses and high costs might have ailed.

Loans & Trading to Aid Citigroup's (C) Q2 Earnings, IB to Hurt

Decent trading segment, a rise in loan demand and higher interest rates are likely to have supported Citigroup's (C) Q2 earnings. Dismal IB performance and high expenses are expected to have hurt.

Fee Income Decline to Hurt Wells Fargo's (WFC) Q2 Earnings

Despite an improving lending scenario, Wells Fargo's (WFC) Q2 earnings are expected to have seen hurdles from lower fee income due to a fall in mortgage banking revenues and investment banking fees.

Loans, Fee Income to Aid PNC Financial (PNC) Q2 Earnings

Despite growth in asset management revenues, higher NII and loan growth, rising expenses are expected to have hurt PNC Financial's (PNC) Q2 earnings.

What's in the Cards for U.S. Bancorp (USB) in Q2 Earnings?

Despite a decent lending environment and improvement in fee income, rising expenses are expected to have acted as a spoilsport for U.S. Bancorp's (USB) Q2 earnings.

What's to Expect From First Republic's (FRC) Q2 Earnings?

While the improving lending environment and NII growth are likely to have buoyed First Republic's (FRC) Q2 earnings, market depreciation is expected to have weighed on its investment advisory fees.

HSBC Unit to Discuss Merger Offer With Sohar International

HSBC Bank Oman, a unit of HSBC, will hold preliminary talks with Sohar International over the latter's possible merger offer.

    Huntington (HBAN) Closes Capstone Buyout, Expands IB Vertical

    Huntington (HBAN) strengthens its middle-market capabilities in extended geographies with the buyout of Capstone.

    Farmers & Merchants (FMAO) to Buy Peoples-Sidney for $27 Million

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      Citizens Financial (CFG) Completes Acquisition of DH Capital

      Citizens Financial (CFG) enhances its technology-advisory capabilities by closing the acquisition of private investment banking firm DH Capital.

      Stifel Financial (SF) Signs Deal to Acquire ACXIT Capital

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      Citigroup (C) Closes Australian Consumer Business Sale to NAB

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      First Horizon (FHN) Gets Shareholder Nod for Buyout by TD Bank

      First Horizon (FHN) shareholders' approval for its acquisition by TD Bank underlines the financial and strategic benefits of the transaction.

      Franklin Resources (BEN) Agrees to Buy Alcentra From BNY Mellon

      Franklin Resources (BEN) enters an agreement to acquire Alcentra from BNY Mellon.

      Is Citigroup (C) Eyeing to Acquire Deutsche Bank Mexico?

      Since obtaining a banking license in Mexico can be a lengthy process, Citigroup's (C) buyout of Deutsche Bank's (DB) banking operations in the country might help sidestep the inconvenience.