Truist Financial (NYSE:TFC.PRI) - Stock Price, News & Analysis

TFC.PRI Stock Overview

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

TFC.PRI fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 39.2% below our estimate of its fair value

Earnings are forecast to grow 44.51% per year

Risk Analysis

Dividend of 5.69% is either not well covered by earnings currently or not forecast to be covered

Truist Financial Corporation Competitors

Regions Financial

NYSE:RF

US$17.3b

M&T Bank

NYSE:MTB

US$24.2b

Citizens Financial Group

NYSE:CFG

US$15.7b

Huntington Bancshares

NasdaqGS:HBAN

US$18.0b

Price History & Performance

Summary of all time highs, changes and price drops for Truist Financial
Historical stock prices
Current Share Price	US$22.05
52 Week High	US$22.65
52 Week Low	US$19.32
Beta	1.05
1 Month Change	0.091%
3 Month Change	0.23%
1 Year Change	12.13%
3 Year Change	-15.84%
5 Year Change	n/a
Change since IPO	-8.32%

Recent updates

Shareholder Returns

	TFC.PRI	US Banks	US Market
7D	0.5%	2.0%	1.6%
1Y	12.1%	27.7%	22.3%

Return vs Industry: TFC.PRI underperformed the US Banks industry which returned 27.7% over the past year.

Return vs Market: TFC.PRI underperformed the US Market which returned 22.3% over the past year.

Price Volatility

Is TFC.PRI's price volatile compared to industry and market?
TFC.PRI volatility
TFC.PRI Average Weekly Movement	1.1%
Banks Industry Average Movement	4.0%
Market Average Movement	5.7%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	2.8%

Stable Share Price: TFC.PRI has not had significant price volatility in the past 3 months.

Volatility Over Time: TFC.PRI's weekly volatility (1%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1872	49,935	Bill Rogers	www.truist.com

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts.

Truist Financial Corporation Fundamentals Summary

How do Truist Financial's earnings and revenue compare to its market cap?
TFC.PRI fundamental statistics
Market cap	US$47.90b
Earnings (TTM)	-US$1.73b
Revenue (TTM)	US$20.81b

0.9x

P/B Ratio

2.4x

P/S Ratio

Is TFC.PRI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TFC.PRI income statement (TTM)
Revenue	US$20.81b
Cost of Revenue	US$0
Gross Profit	US$20.81b
Other Expenses	US$22.55b
Earnings	-US$1.73b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 22, 2024

Earnings per share (EPS)	-1.29
Gross Margin	100.00%
Net Profit Margin	-8.32%
Debt/Equity Ratio	115.8%

How did TFC.PRI perform over the long term?

See historical performance and comparison

Dividends

5.7%

Current Dividend Yield

-160%

Payout Ratio

TFC.PRI Stock Overview

Rewards

Risk Analysis

Truist Financial Corporation Competitors

NYSE:RF

US$17.3b

NYSE:MTB

US$24.2b

NYSE:CFG

US$15.7b

NasdaqGS:HBAN

US$18.0b

Price History & Performance

Recent News & Updates

Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC, Mubadala Investment Company PJSC and other co-investors completed the acquisition of remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation (NYSE:TFC).

Truist Financial Corporation Launches Truist Life, Money, and Choices Financial Education Program for High School and College Students

Truist Financial Corporation Approves Appointments of Directors

Truist Financial Corporation Elect Laurence Stein to Board of Directors

Truist Financial Corporation to Report Q1, 2024 Results on Apr 22, 2024

Truist Financial Corporation, Annual General Meeting, Apr 23, 2024

Recent updates

Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC, Mubadala Investment Company PJSC and other co-investors completed the acquisition of remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation (NYSE:TFC).

Truist Financial Corporation Launches Truist Life, Money, and Choices Financial Education Program for High School and College Students

Truist Financial Corporation Approves Appointments of Directors

Truist Financial Corporation Elect Laurence Stein to Board of Directors

Truist Financial Corporation to Report Q1, 2024 Results on Apr 22, 2024

Truist Financial Corporation, Annual General Meeting, Apr 23, 2024

Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company PJSC reached a definitive agreement to acquire remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation (NYSE:TFC).

Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC and Mubadala Investment Company PJSC reached a definitive agreement to acquire remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation (NYSE:TFC).

Guardian Capital LLC entered into an agreement to acquire Sterling Capital Management LLC from Truist Financial Corporation for $70 million.

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on March 1, 2024

Truist Financial Corporation to Report Q4, 2023 Results on Jan 18, 2024

Truist Financial Corporation Announces Executive Changes

Truist Mulls A Restructuring of Its Underwater Bond Portfolio

Truist Financial Corporation Announces Executive Changes

Truist Financial Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year 2023

Truist Financial Reportedly in Talks to Sell Its Insurance Brokerage Unit to Stone Point

Truist Financial Corporation Announces Board of Directors Changes, Effective December 31, 2023

Truist Financial Corporation to Report Q3, 2023 Results on Oct 19, 2023

Truist Financial Corporation to Report Q2, 2023 Results on Jul 20, 2023

Funds managed by Stone Point Capital LLC along with Mubadala Investment Company PJSC and other co-investors agreed to acquire 20% stake in Truist Insurance Holdings, Inc. from Truist Financial Corporation (NYSE:TFC) for $1.95 billion.

Funds managed by Stone Point Capital LLC along with Mubadala Investment Company PJSC and other co-investors agreed to acquire 20% stake in Truist Insurance Holdings, Inc. from Truist Financial Corporation (NYSE:TFC) for $1.95 billion.

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on Mar. 1, 2023

Truist Financial Corporation Provides Revenue Guidance for the First Quarter and Full Year 2023

Truist Financial Corporation to Report Q4, 2022 Results on Jan 19, 2023

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on December 1, 2022

Truist Financial Corporation to Report Q3, 2022 Results on Oct 18, 2022

Truist Financial Corporation Launches Truist Assist

Truist Financial Corporation Announces Chief Financial Officer Changes

Truist Financial Corporation Appoints Scott Stanzel as Executive Vice President and Chief Communications Officer, Effective October 1, 2022

Truist Financial Corporation (NYSE:TFC) acquired Key Strategic Assets from Zaloni, Inc.

Truist Financial Corporation Announces Appointment of J. Christopher Ward as Head of Wholesale Payments

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on September 1, 2022

Truist Financial Corporation Announces Executive Changes

Truist Financial Corporation Launches New Accounts with No Overdraft Fees

Truist Financial Corporation Plans to Increase in its Regular Quarterly Cash Dividend

Truist Financial Corporation to Report Q2, 2022 Results on Jul 19, 2022

Truist Financial Corporation Announces Retirement of Daryl Bible as Chief Financial Officer

Truist Financial Corporation (NYSE:TFC) acquired Long Game Savings, Inc.

Truist Financial Corporation (NYSE:TFC) acquired Long Game Savings, Inc.

Truist Financial Corporation Declares Quarterly Cash Dividend, Payable on June 1, 2022

Truist Financial Corporation Appoints William H. "Bill" Rogers Jr., to Succeed Kelly King as Chairman of the Board

Truist Announces Goal of Net Zero Greenhouse Gas Emissions by 2050

Truist Financial Corporation Introduces Truist One Banking

Truist and Everfi Bring No-Cost Early Literacy Digital Education to Teachers, Families and Communities Nationwide

Truist Financial Corporation Provides Financial Guidance for the Third Quarter of 2021

Truist Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on June 1, 2021

Truist Financial Corporation Provides Earnings Guidance for the Second Quarter of Fiscal 2021

Truist Financial Corporation, Annual General Meeting, Apr 27, 2021

Truist Financial Corporation to Report Q1, 2021 Results on Apr 15, 2021

Deluxe Inks New Agreement with Truist Financial Corporation

OneDigital Investment Advisors acquired 401(k) Investment advisory business from Truist Financial Corporation (NYSE:TFC).

Truist Financial Corporation to Report Q4, 2020 Results on Jan 21, 2021

Truist Hires Sal Karakaplan to Lead Newly Formed Enterprise Payments Group

Truist Financial Corporation Appoints Vinoo Vijay as Chief Marketing Officer

First Horizon Bank completed the acquisition of 30 branches in North Carolina, Virginia and Georgia from Truist Financial Corporation (NYSE:TFC) for approximately $520 million.

Truist Financial Corporation Withdraws Earnings Guidance for the Year 2020

Truist Financial Corporation(NYSE:TFC) dropped from Russell 1000 Defensive Index

Shareholder Returns

Price Volatility