TFC Stock Overview
Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.
No risks detected for TFC from our risk checks.
Truist Financial Corporation Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$43.54|
|52 Week High||US$68.95|
|52 Week Low||US$42.56|
|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 IPO||569.85%|
Recent News & Updates
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.
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.
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
|TFC||US Banks||US Market|
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.
|TFC Average Weekly Movement||3.9%|
|Banks Industry Average Movement||3.4%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.6%|
|10% least volatile stocks in US Market||2.8%|
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
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
|TFC fundamental statistics|
Is TFC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TFC income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 18, 2022
|Earnings per share (EPS)||4.46|
|Net Profit Margin||26.32%|
How did TFC perform over the long term?See historical performance and comparison