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Truist Financial (TFC)

(Delayed Data from NYSE)

$42.82 USD

42.82
6,304,922

-0.23 (-0.53%)

Updated Nov 1, 2024 04:00 PM ET

After-Market: $42.83 +0.01 (0.02%) 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 Buy24.10%
2Buy17.80%
3Hold9.50%
4Sell2.70%
5Strong Sell2.70%
S&P50011.20%

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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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B Value D 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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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 4% (9 out of 250)

Industry: Banks - Major Regional

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Zacks News

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

Truist Financial (TFC) Reports Q1 Earnings: What Key Metrics Have to Say

by Zacks Equity Research

While the top- and bottom-line numbers for Truist Financial (TFC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Truist (TFC) Q1 Earnings Top on Higher Fee Income, Costs Dip

by Zacks Equity Research

A rise in fee income and lower expenses and provisions support Truist's (TFC) Q1 earnings amid weakness in NII on lower average loan balance and high funding costs.

Invesco (IVZ) to Report Q1 Earnings: What's in the Cards?

by Zacks Equity Research

Invesco (IVZ) is expected to have recorded an increase in the AUM balance in the first quarter of 2024.

Fifth Third Bancorp (FITB) Beats Q1 Earnings and Revenue Estimates

by Zacks Equity Research

Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of 7.04% and 0.75%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Lower NII & Fee Income to Hurt Truist's (TFC) Q1 Earnings

by Zacks Equity Research

Higher funding and deposit costs, weak C&I loan demand and lower non-interest income are expected to have hurt Truist's (TFC) Q1 earnings.

AUM Growth Likely to Support Ameriprise (AMP) in Q1 Earnings

by Zacks Equity Research

Improved advisor productivity and net inflows are likely to have aided Ameriprise's (AMP) asset growth in the first quarter of 2024.

What's in the Cards for Blackstone (BX) in Q1 Earnings?

by Zacks Equity Research

Blackstone (BX) is expected to have recorded a y/y increase in the AUM balance in the first quarter of 2024, driven by inflows.

Unveiling Truist Financial (TFC) Q1 Outlook: Wall Street Estimates for Key Metrics

by Zacks Equity Research

Beyond analysts' top -and-bottom-line estimates for Truist Financial (TFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

U.S. Bancorp (USB) Beats Q1 Earnings Estimates

by Zacks Equity Research

U.S. Bancorp (USB) delivered earnings and revenue surprises of 1.12% and 0.16%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Northern Trust Corporation (NTRS) Tops Q1 Earnings Estimates

by Zacks Equity Research

Northern Trust (NTRS) delivered earnings and revenue surprises of 15.65% and 7.91%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Truist Financial Corporation (TFC) Expected to Beat Earnings Estimates: Should You Buy?

by Zacks Equity Research

Truist Financial (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.

Lower NII to Hurt BNY Mellon (BK) Q1 Earnings, Fee Income to Aid

by Zacks Equity Research

Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the first quarter of 2024 due to higher deposit costs.

IB to Aid Morgan Stanley (MS) Q1 Earnings, Trading to Hurt

by Zacks Equity Research

Morgan Stanley's (MS) first-quarter 2024 earnings are expected to have been negatively impacted by weakness in its trading performance.

M&T Bank Corporation (MTB) Lags Q1 Earnings Estimates

by Zacks Equity Research

M&T Bank (MTB) delivered earnings and revenue surprises of -1.28% and 0.16%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

IB, Market Making Revenues to Aid Goldman's (GS) Q1 Earnings

by Zacks Equity Research

Goldman's (GS) Q1 results are expected to reflect the impacts of modest loan demand, leading to NII growth and a recovery in the IB business.

What's in the Offing for M&T Bank (MTB) in Q1 Earnings?

by Zacks Equity Research

Despite a rise in loans, increasing funding costs are likely to have hurt M&T Bank's (MTB) Q1 NII growth. Also, softer mortgage income is expected to have affected its non-interest income.

Lower Market Volatility to Hurt Schwab's (SCHW) Q1 Earnings

by Zacks Equity Research

Schwab's (SCHW) trading performance is expected to have been weak in the first quarter of 2024 because of lower volatility.