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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.
Truist Financial Corporation (TFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Truist Financial Corporation (TFC) closed at $29.78, marking a +1.74% move from the previous day.
Truist Financial Corporation (TFC) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
Truist Financial Corporation (TFC) closed at $30.44 in the latest trading session, marking a -1.49% move from the prior day.
Truist Financial Corporation (TFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Truist Financial Corporation (TFC) closed the most recent trading day at $30.25, moving -0.26% from the previous trading session.
Truist Financial Corporation (TFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
Truist Financial Corporation (TFC) closed at $28.48 in the latest trading session, marking a +1.53% move from the prior day.
Banking Woes Still Linger? ETFs in Focus
by Yashwardhan Jain
Does the recent downgrading of credit ratings by Moody's for a number of small to mid-sized American banks indicate that there is still concern about the nation's banking system? Investigate ETFs that have exposure to regional banks that may be impacted by the decision.
Stock Market News for Aug 9, 2023
by Zacks Equity Research
U.S. stocks retreated on Tuesday but managed to finish off session lows as concerns grew over the health of U.S. banks and the economy after credit rating agency Moody's downgraded several major lenders and trade data out of China came in disappointing.
The Zacks Analyst Blog Highlights M&T Bank, Associated Banc-Corp, U.S. Bancorp, Truist Financial and Capital One
by Zacks Equity Research
M&T Bank, Associated Banc-Corp, U.S. Bancorp, Truist Financial and Capital One are included in this Analyst Blog.
U.S. Banks' Ratings Cut by Moody's on Funding Costs, CRE Lending
by Swayta Shah
Banks including M&T Bank (MTB), Associated Banc-Corp (ASB), U.S. Bancorp (USB), Truist (TFC) and Capital One (COF) are among the names on Moody???s list for ratings cut, lower outlook and potential downgrades.
Truist Financial Corporation (TFC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
by Zacks Equity Research
While the top- and bottom-line numbers for Truist Financial Corporation (TFC) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Truist (TFC) Q2 Earnings Miss Estimates as Provisions Surge
by Zacks Equity Research
A jump in provisions, increase in funding costs and higher expenses hurt Truist's (TFC) Q2 earnings, despite revenue growth.
Truist Financial Corporation (TFC) Q2 Earnings and Revenues Lag Estimates
by Zacks Equity Research
Truist Financial Corporation (TFC) delivered earnings and revenue surprises of -3.06% and 0.37%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Why Earnings Season Could Be Great for Truist Financial (TFC)
by Zacks Equity Research
Truist Financial (TFC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
PNC Financial (PNC) Stock Down Despite Q2 Earnings Beat
by Zacks Equity Research
An increase in NII supported by higher rates aid PNC Financial's (PNC) Q2 earnings. However, increasing expenses and higher provisions are headwinds.
Fee Income to Aid Truist's (TFC) Q2 Earnings, Lower NII to Ail
by Zacks Equity Research
Support from fee income, especially insurance income, is likely to have driven Truist's (TFC) Q2 earnings, while higher funding costs and waning loan demand are expected to have hurt NII.
State Street (STT) Stock Declines Despite Q2 Earnings Beat
by Zacks Equity Research
State Street (STT) records a rise in revenues in the second quarter of 2023.
Analysts Estimate Comerica Incorporated (CMA) to Report a Decline in Earnings: What to Look Out for
by Zacks Equity Research
Comerica Incorporated (CMA) 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.
JPMorgan (JPM) Q2 Earnings Top on FRC Deal, NII View Raised
by Zacks Equity Research
The buyout of FRC, higher interest rates, robust loan balance and strength in the consumer business support JPMorgan's (JPM) Q2 earnings amid downbeat markets and IB business performances.
Analysts Estimate Truist Financial Corporation (TFC) to Report a Decline in Earnings: What to Look Out for
by Zacks Equity Research
Truist Financial Corporation (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.
Should You Invest in the iShares U.S. Regional Banks ETF (IAT)?
by Zacks Equity Research
Sector ETF report for IAT
Truist Financial Corporation (TFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
Truist Financial Corporation (TFC) closed the most recent trading day at $32.48, moving +0.9% from the previous trading session.
Is First United (FUNC) Worth a Watch on 5.8% Dividend Yield?
by Zacks Equity Research
Investors should keep an eye on solid dividend-yielding stocks like First United (FUNC) amid the current turmoil in the banking sector.
Is Bank of Hawaii (BOH) Worth a Look on 6.68% Dividend Yield?
by Zacks Equity Research
Investors may consider solid dividend-yielding stocks like Bank of Hawaii (BOH) for their portfolios amid looming recession fears in the near term and the current turmoil in the banking industry.
Truist Financial Corporation (TFC) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
Truist Financial Corporation (TFC) closed the most recent trading day at $30.99, moving -1.27% from the previous trading session.
Truist's (TFC) Rates & Loan Demand Aid, Asset Quality Ails
by Zacks Equity Research
Rise in net interest income, efforts to strengthen fee income and strategic business restructuring initiatives bode well for Truist (TFC). However, rising operating expenses and deteriorating asset quality are major headwinds.
Should You Consider BankUnited (BKU) for its Dividend Yield?
by Zacks Equity Research
Investors may consider solid dividend-yielding stocks like BankUnited (BKU) in their portfolios, amid the current turmoil in the banking sector.