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TFC

Truist Financial NYSE:TFC Stock Report

Last Price

US$43.54

Market Cap

US$57.8b

7D

-1.8%

1Y

-27.7%

Updated

30 Sep, 2022

Data

Company Financials +
TFC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance4/6
Financial Health6/6
Dividends6/6

TFC Stock Overview

Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Truist Financial Corporation Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Truist Financial
Historical stock prices
Current Share PriceUS$43.54
52 Week HighUS$68.95
52 Week LowUS$42.56
Beta1.12
1 Month Change-7.05%
3 Month Change-9.67%
1 Year Change-27.70%
3 Year Change-15.72%
5 Year Change-8.70%
Change since IPO569.85%

Recent News & Updates

Sep 30

Truist: Valuation Remains Compelling, But A Bearish Technical Move Warrants Caution

Summary Regional banks have outperformed the S&P 500 over the last six months despite a highly-inverted yield curve. Higher interest rates through lending should more than offset slightly higher deposit rates. Truist's strong long-term fundamental position is offset with near-term bearish technical risks. Regional banks have outperformed the broader market for the better part of six months now. The SPDR S&P Regional Banking ETF (KRE) is up by more than 10% (total returns=) compared to the S&P 500 dating back to early April. Higher interest rates should help some well-positioned banks earn better net interest income despite the notorious and heavily discussed inverted yield curve. So long as lending activity can hold up, those higher rates coupled with still-low deposit account payouts might help regionals weather possible economic turmoil. Regional Banks Continue To Provide Alpha Amid Volatility In The S&P 500 Stockcharts.com According to Bank of America Global Research, Truist Financial Corp (TFC) is a Charlotte, North Carolina-based financial services company with more than $500 billion in assets. With a history dating back to the Civil War, and now one of the largest banks in the U.S. by deposits, TFC offers a wide variety of different financial products ranging from consumer and commercial banking to securities brokerage and asset management. Now the 6th largest U.S. bank following its 2019 merger between BB&T and SunTrust, TFC has a massive presence in the growing regions of the Mid-Atlantic and Southeast. These non-macro catalysts for growth give particular upside to the bank. There's also upside risk with more cost-cutting measures and balance sheet optimization. Downside risks include a more severe recession, issues with merger integration, and perhaps some unfavorable regulatory changes on capital requirements. The $58.7 billion market cap Banks industry company within the Financials sector trades at a low 10.0 trailing 12-month GAAP price-to-earnings ratio and pays a high 4.7% dividend yield, according to The Wall Street Journal. On valuation, BofA has a $51 price objective incorporating recession risks that are present. Truist's historically well-performing credit book and flexibility in optimizing its assets and liabilities should promote above-market valuation multiples. The Bloomberg consensus EPS forecast shows per-share profits rising at a solid rate next year and in 2024. Moreover, good free cash flow should warrant dividend increases over that period. Meanwhile, its P/E should remain attractive in the single digits. Truist: Earnings, Valuation, Dividend Forecasts BofA Global Research Wall Street Horizon's corporate event data show a Confirmed earnings date of Tuesday, Oct. 18 BMO with a conference call to immediately follow. You can listen live here. Around that time, too, shares could be on the move when Truist's management team speaks at the Mizuho ABS East Conference 2022 on the 17th through the 19th. Corporate Event Calendar Wall Street Horizon The Technical Take Unfortunately, my bullish outlook back in June did not play out and the chart now flashes bearish warning signs. While the stock indeed rallied a solid 10% from late June to its August high above $52, the harsh late summer and September pullback in stocks brought down many regional banks, too. Now I see important resistance near $45 with further supply, which I noticed back in June, in the mid-$50s.

Sep 07

Truist names Mike Maguire as next CFO

Mike Maguire, Truist's (NYSE:TFC) chief consumer finance and payments officer, has been appointed as the new CFO of the financial services company, effective Sep 15, 2022. Maguire succeeds current CFO Daryl Bible, whose retirement was announced in May. Bible will remain at Truist (TFC) during a transition period. As CFO, Maguire will oversee accounting, tax, treasury, financial planning and analysis, investor relations and other responsibilities from the bank's Charlotte, North Carolina, headquarters.

Aug 29

Truist Financial launches robo adviser, hybrid products

Illustrating the continuing the investment industry's continuing transformation via digital technology, Truist Financial's (NYSE:TFC) wealth unit has added a robo adviser, called Truist Invest, and a hybrid product — Truist Invest Pro — that combines automated investment with access to a team of financial advisers, the company said Monday. A Truist Invest of Truist Invest Pro account can be opened online in minutes with as little as $5,000, the company said. Clients can access their account details and activity in Truist (TFC) online banking and the mobile app, and contact support teams whenever they need them. Investors want digital solutions that are secure, intuitive to use, and able to help meet their needs whether they are a new or experienced investor," said Kacy Howard, senior vice president of digital investing at Truist Wealth. Annual fees are 0.50% for Truist Invest and 0.85% for Truist Invest Pro, calculated based on the assets under management with a $90 per account annual minimum. Last week, Truist (TFC) acquired Zaloni Arena platform to bolster data, AI, machine learning efforts

Shareholder Returns

TFCUS BanksUS Market
7D-1.8%-3.2%-2.5%
1Y-27.7%-26.1%-23.2%

Return vs Industry: TFC underperformed the US Banks industry which returned -23.9% over the past year.

Return vs Market: TFC underperformed the US Market which returned -21.5% over the past year.

Price Volatility

Is TFC's price volatile compared to industry and market?
TFC volatility
TFC Average Weekly Movement3.9%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.8%

Stable Share Price: TFC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: TFC's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
187251,462Bill Rogershttps://www.truist.com

Truist Financial Corporation, a holding 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 fundamental statistics
Market CapUS$57.75b
Earnings (TTM)US$5.92b
Revenue (TTM)US$22.50b

9.8x

P/E Ratio

1.0x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TFC income statement (TTM)
RevenueUS$22.50b
Cost of RevenueUS$0
Gross ProfitUS$22.50b
Other ExpensesUS$16.57b
EarningsUS$5.92b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Oct 18, 2022

Earnings per share (EPS)4.46
Gross Margin100.00%
Net Profit Margin26.32%
Debt/Equity Ratio72.9%

How did TFC perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

43%

Payout Ratio