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Truist Financial (TFC)

(Real Time Quote from BATS)

$39.10 USD

39.10
720,526

+0.26 (0.67%)

Updated Apr 24, 2024 10:15 AM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value D Growth F Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 17% (44 out of 252)

Industry: Banks - Major Regional

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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.

Company News for Apr 23, 2024

Companies in The News Are: TFC,AZZ,LI,ZION

Truist Financial (TFC) Reports Q1 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Truist Financial (TFC) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Truist (TFC) Q1 Earnings Top on Higher Fee Income, Costs Dip

A rise in fee income and lower expenses and provisions support Truist's (TFC) Q1 earnings amid weakness in NII on lower average loan balance and high funding costs.

Invesco (IVZ) to Report Q1 Earnings: What's in the Cards?

Invesco (IVZ) is expected to have recorded an increase in the AUM balance in the first quarter of 2024.

Fifth Third Bancorp (FITB) Beats Q1 Earnings and Revenue Estimates

Fifth Third Bancorp (FITB) delivered earnings and revenue surprises of 7.04% and 0.75%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Lower NII & Fee Income to Hurt Truist's (TFC) Q1 Earnings

Higher funding and deposit costs, weak C&I loan demand and lower non-interest income are expected to have hurt Truist's (TFC) Q1 earnings.

AUM Growth Likely to Support Ameriprise (AMP) in Q1 Earnings

Improved advisor productivity and net inflows are likely to have aided Ameriprise's (AMP) asset growth in the first quarter of 2024.

What's in the Cards for Blackstone (BX) in Q1 Earnings?

Blackstone (BX) is expected to have recorded a y/y increase in the AUM balance in the first quarter of 2024, driven by inflows.

Unveiling Truist Financial (TFC) Q1 Outlook: Wall Street Estimates for Key Metrics

Beyond analysts' top -and-bottom-line estimates for Truist Financial (TFC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2024.

U.S. Bancorp (USB) Beats Q1 Earnings Estimates

U.S. Bancorp (USB) delivered earnings and revenue surprises of 1.12% and 0.16%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Northern Trust Corporation (NTRS) Tops Q1 Earnings Estimates

Northern Trust (NTRS) delivered earnings and revenue surprises of 15.65% and 7.91%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

Truist Financial Corporation (TFC) Expected to Beat Earnings Estimates: Should You Buy?

Truist Financial (TFC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Lower NII to Hurt BNY Mellon (BK) Q1 Earnings, Fee Income to Aid

Despite high rates and decent loan growth, BNY Mellon's (BK) interest income is expected to have declined in the first quarter of 2024 due to higher deposit costs.

IB to Aid Morgan Stanley (MS) Q1 Earnings, Trading to Hurt

Morgan Stanley's (MS) first-quarter 2024 earnings are expected to have been negatively impacted by weakness in its trading performance.

M&T Bank Corporation (MTB) Lags Q1 Earnings Estimates

M&T Bank (MTB) delivered earnings and revenue surprises of -1.28% and 0.16%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

IB, Market Making Revenues to Aid Goldman's (GS) Q1 Earnings

Goldman's (GS) Q1 results are expected to reflect the impacts of modest loan demand, leading to NII growth and a recovery in the IB business.

What's in the Offing for M&T Bank (MTB) in Q1 Earnings?

Despite a rise in loans, increasing funding costs are likely to have hurt M&T Bank's (MTB) Q1 NII growth. Also, softer mortgage income is expected to have affected its non-interest income.

Lower Market Volatility to Hurt Schwab's (SCHW) Q1 Earnings

Schwab's (SCHW) trading performance is expected to have been weak in the first quarter of 2024 because of lower volatility.

IB to Aid Citigroup's (C) Q1 Earnings, High Costs to Hurt

Despite improving loan demand, high interest rates and an inverted yield curve are expected to have hindered Citigroup's (C) Q1 NII growth. A higher expense base is likely to have been concerning.

High Rates, Loans, IB to Support BofA's (BAC) Q1 Earnings

Higher rates, decent loan demand and modest improvement in IB business are likely to have aided BofA's (BAC) Q1 earnings amid high funding costs, weakness in trading business and high provisions.

Fee Income to Aid State Street (STT) Q1 Earnings, NIR to Hurt

Driven by improvement in the operating backdrop, State Street (STT) is expected to have recorded a rise in fee income, which will support its Q1 earnings amid weak weakness in NIR due to higher funding costs.

Rates to Aid JPMorgan (JPM) Q1 Earnings, Weak Trading to Hurt

Higher rates, decent loan demand and modest improvement in IB business are likely to have supported JPMorgan's (JPM) Q1 earnings amid high funding costs, subdued trading business and high provisions.

KeyCorp (KEY) Should be on Your Radar for 5.4% Dividend Yield

Solid dividend-yielding stocks are highly desirable amid the current challenging macroeconomic environment. One such stock from the banking industry is KeyCorp (KEY).

Truist Financial Corporation (TFC) Exceeds Market Returns: Some Facts to Consider

Truist Financial Corporation (TFC) concluded the recent trading session at $37.95, signifying a +0.16% move from its prior day's close.

Truist Financial Corporation (TFC) Laps the Stock Market: Here's Why

In the latest trading session, Truist Financial Corporation (TFC) closed at $38.98, marking a +1.01% move from the previous day.