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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.

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FDIC-Insured Banks' Q4 Earnings Up, NIM Shrinks on Low Rates

by Swayta Shah

Lower provisions & rise in fee income aid FDIC-insured banks' Q4 earnings. Driven by these factors, big banks like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC) & Truist Financial (TFC) have seen growth in financials.

Wells Fargo (WFC) Enters Deal to Divest Asset Management Unit

by Zacks Equity Research

Wells Fargo (WFC) continues to remodel its business with a view to improve performance, which has long been hampered by involvement in legal issues.

Truist Financial Corporation (TFC) Up 12.8% Since Last Earnings Report: Can It Continue?

by Zacks Equity Research

Truist Financial Corporation (TFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Truist Financial's (TFC) Q4 Earnings Beat as Provisions Fall

by Zacks Equity Research

Decline in credit costs and rise in revenues support Truist Financial's (TFC) Q4 earnings amid disappointing loan demand and lower rates.

Why Truist (TFC) Might Surprise This Earnings Season

by Zacks Equity Research

Truist (TFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

The Zacks Analyst Blog Highlights: JPMorgan, Bank of America, Citigroup, Wells Fargo and Truist Financial

by Zacks Equity Research

The Zacks Analyst Blog Highlights: JPMorgan, Bank of America, Citigroup, Wells Fargo and Truist Financial

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4 Key Themes to Dominate Major U.S. Banking Space in 2021

by Swayta Shah

After a torrid but resilient 2020, let's see what's in store for major banks like JPMorgan (JPM), Citi (C), BofA (BAC), Wells Fargo (WFC), PNC Financial (PNC), Truist Financial (TFC) & U.S. Bancorp (USB) this year.

Strong Investment Banking to Support BofA (BAC) Q4 Earnings

by Zacks Equity Research

Despite low interest rates and soft lending scenario, robust investment banking performance and trading are expected to have aided BofA's (BAC) Q4 earnings.

Soft Loan Demand to Hurt Truist Financial (TFC) Q4 Earnings

by Zacks Equity Research

Weak lending scenario and low rates are expected to have hurt Truist Financial's (TFC) Q4 earnings despite some support from certain fee income components.

Trading & Underwriting to Aid Morgan Stanley (MS) Q4 Earnings

by Zacks Equity Research

Robust trading and underwriting businesses, and the E*Trade Financial buyout are likely to have supported Morgan Stanley's (MS) Q4 earnings.

Will Lower Revenues Affect Comerica's (CMA) Q4 Earnings?

by Zacks Equity Research

Soft interest income due to low rates and weak fee income might have hurt Comerica's (CMA) Q4 earnings.

Citigroup (C) Q4 Earnings Top Estimates on Reserve Releases

by Zacks Equity Research

Citigroup (C) Q4 earnings up year on year on reserve releases, market revenue rise and solid equity underwriting business, muted by low debt underwriting and advisory revenues, and high expenses.

JPMorgan (JPM) Q4 Earnings Beat on Reserve Release, Fee Income

by Zacks Equity Research

Improvement in fee income components - trading, investment banking and mortgage - along with reserve releases supports JPMorgan's (JPM) Q4 earnings amid low rates and weak loan demand.

State Street (STT) to Report Q4 Earnings: What's in Store?

by Zacks Equity Research

While low rates are likely to have hurt State Street's (STT) Q4 earnings, fee revenues and manageable expense level might have offered some support.

Truist (TFC) Signs Deals to Sell Institutional Retirement Business

by Zacks Equity Research

Truist Financial (TFC) sells institutional 401(k) investment advisory services business to OneDigital, and signs deal to sell institutional 401(k) recordkeeping businesses to Ascensus and Empower.

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Bank Stock Roundup: USB, JPM, WFC & TFC in Focus on Restructuring Initiatives

by Swayta Shah

U.S. Bancorp (USB), JPMorgan (JPM), Wells Fargo (WFC), Truist (TFC) & Fifth Third (FITB) continue with their business restructuring activities. Also, Bank OZK (OZK) announces a quarterly dividend hike.

BNY Mellon (BK) to Sell Canada Wealth Business to Guardian

by Zacks Equity Research

BNY Mellon's (BK) Canada-based wealth management business is being acquired by Guardian Capital.

Goldman (GS) Arm Signs All-Cash Deal to Buy People Corporation

by Zacks Equity Research

Merchant banking unit of Goldman Sachs (GS) agrees to buy People Corporation at a premium of 36% to the closing price on Dec 11, 2020.

Bank Stock Roundup: Upbeat Trading Outlook, Treasury Yields Decline, Citi in Focus

by Zacks Equity Research

Over the past five trading days, JPMorgan (JPM) and Citigroup (C) issued their outlooks. Wells Fargo (WFC) & Truist's (TFC) restructuring efforts continue. Capital One (COF), PNC Financial (PNC) and U.S. Bancorp (USB) witness price gains.

Truist Financial's (TFC) Insurance Subsidiary Buys Wellington

by Zacks Equity Research

Truist Insurance, the indirect subsidiary of Truist Financial (TFC) acquires Wellington.

Swayta Shah headshot

FDIC-Insured Banks Q3 Earnings Dip, NIM Shrinks on Low Rates

by Swayta Shah

Low rates and soft loan demand hurt FDIC-insured banks' Q3 earnings. Yet, big names like JPMorgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) and Truist Financial (TFC) get support from rise in fee income.

KeyCorp's (KEY) Q3 Earnings Beat, Revenues & Expenses Up Y/Y

by Zacks Equity Research

Higher interest income, support from fee income and lower credit costs aid KeyCorp's (KEY) Q3 results amid near-zero interest rates and economic slowdown.

State Street (STT) Q3 Earnings Beat on Fee Income, Costs Dip

by Zacks Equity Research

Increase in fee income and lower costs support State Street's (STT) Q3 earnings amid low interest rate environment.

Truist Financial (TFC) Q3 Earnings Beat, Provisions Decline

by Zacks Equity Research

Truist Financial (TFC) witnesses a fall in revenues in third-quarter 2020. Also, provisions decline from the previous quarter.

Muted Loan Growth to Mar Truist Financial (TFC) Q3 Earnings

by Zacks Equity Research

Truist Financial (TFC) is expected to have witnessed a decline in interest income in the third quarter because of muted loan growth as well as low interest rates.