Truist Financial Corporation TFC Stock Price Today, Quote, Latest Discussions, Interactive Chart and News

Reports that the regional bank plans to sell its insurance unit gave the stock a boost Tuesday. Arm Holdings — Shares added 2.7% a day after several bullish calls on the stock. Deutsche Bank and JPMorgan were among the firms that initiated coverage of Arm Holdings with buy ratings Monday.

• Truist Financial Corporation has a strong compliance culture and is well-positioned to adapt to changes in regulatory requirements.
• Truist Financial Corporation has also invested in its digital capabilities, which has allowed the company to provide a range of digital banking services to its clients.
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• Our data suggests that insiders own under 1% of Truist Financial Corporation in their own names.

It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a bitbuy canada review stock once it’s included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. Let’s take a closer look to see what the different types of shareholders can tell us about Truist Financial.

Truist Financial’s stock was trading at $43.03 at the beginning of the year. Since then, TFC shares have decreased by 34.0% and is now trading at $28.41. Truist Financial Corporation TFC shares are trading higher Tuesday, though the stock remains down by nearly 2% over the last month. There are some excellent values in dividend stocks for patient investors right now. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

Block — Shares added 5.2% after Bank of America reiterated its buy rating on the payments stock. Analyst Jason Kupferberg cited the stock’s currently cheap valuation and strong fundamentals as catalysts for potential upside. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. The Vanguard Group, Inc. is currently the largest shareholder, with 8.8% of shares outstanding. For context, the second largest shareholder holds about 7.4% of the shares outstanding, followed by an ownership of 4.5% by the third-largest shareholder. Truist Financial’s stock is owned by a number of institutional and retail investors. Truist Financial Corporation may face challenges maintaining its strong financial performance during economic downturns or other external factors.

This Busted Bank Merger Is Fixing Itself. Its Stock Is Worth Buying.

Truist Financial Corporation has also identified opportunities to grow its wealth management business, focusing on serving high-net-worth clients. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.

Previously, William Rogers was the Chief Operating Officer for Truist with a history of working in different senior management positions starting in 1980. The company is set to release its third-quarter financial reports on Oct. 19. According to estimates from Benzinga Pro, Truist Financial is expected to announce earnings of 82 cents per share and quarterly revenue of $5.68 billion. Many regional banks are still well below the highs, and there are some excellent opportunities for investors.

The company’s debt-to-equity ratio indicates a moderate level of debt. Truist Financial Corporation trades at a price-to-earnings ratio lower than the industry average. The company’s price-to-book ratio is slightly lower than the industry average. These metrics suggest that Truist Financial Corporation is possibly undervalued relative to its peers. Truist Financial Corporation has performed on par with industry peers over the past year. 18 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Truist Financial in the last twelve months.

Our data suggests that insiders own under 1% of Truist Financial Corporation in their own names. Being so large, we would not expect insiders to own a large proportion of the stock. Arguably recent buying and selling is just as important to consider. You can click here to see if insiders have been buying or selling. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

Truist Financial Corporation NewsMORE

The company has announced plans to expand its presence in several key markets, including Texas and California, through acquisitions and organic growth. Truist Financial Corporation has also invested in its digital capabilities, which has allowed the company to provide a range of digital banking services to its clients. The company’s digital banking platform, Truist Digital, offers a range of features, including mobile banking, online banking, and digital payments.

Sure, Banks Have Problems. But Their Stocks Are Cheap.

While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer fxcm broker review to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

Bank of America

Truist Financial Corporation faces risks and challenges that may impact its future performance. One of the company’s most significant risks is the potential for increased competition from digital banks and fintech companies. These companies have rapidly gained market share by offering innovative financial solutions and leveraging technology to improve customer experience. Truist Financial Corporation has responded to this challenge by investing in its digital capabilities and launching new digital products and services. Truist Financial Corporation has several growth opportunities that enable the company to expand its business and increase its market share.

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It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 18 Wall Street research analysts have issued 12 month price targets for Truist Financial’s stock.

Last week’s US$2.7b market cap gain would probably be appreciated by institutional investors, especially after a year of 27% losses. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

Truist receives $65 million New Markets Tax Credit allocation to support communities across the U.S.

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. This is part of an effort to take out costs and lower expense growth, the fi… Grant to help drive critical programming to further connect diverse job seekers and businesses DALLAS , Oct. 12, 2023 /PRNewswire/ — T.D. Jakes Foundation today announced it received a $250,000 grant… Electronic Arts — Shares of the video game publisher rose 2.8% after Bank of America upgraded Electronic Arts to buy from neutral. The investment firm said the rebrand of EA’s FIFA franchise is going well, creating upside for the stock.

Bonds will do well if U.S. interest rates decline in coming months. What you may not appreciate is that dividend-paying stocks are likely to do even better. Truist Financial (TFC – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Mike Mayo from Wells Fargo remains neutral on the stock and has a $37.00 price target. The firm said capital levels are healthy and appear well-shielded from unrealized losses tied to rising rates. Davidson also hiked its price target by $1 to $44 per share, implying about 15% upside from Monday’s close.