Truist FinancialTFC
Market Cap: $56.3B
About: Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments.
Employees: 50,832
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
78% more call options, than puts
Call options by funds: $453M | Put options by funds: $254M
25% more funds holding in top 10
Funds holding in top 10: 12 [Q1] → 15 (+3) [Q2]
1% more capital invested
Capital invested by funds: $37.3B [Q1] → $37.7B (+$425M) [Q2]
0.65% more ownership
Funds ownership: 71.95% [Q1] → 72.6% (+0.65%) [Q2]
0% less funds holding
Funds holding: 1,393 [Q1] → 1,388 (-5) [Q2]
4% less repeat investments, than reductions
Existing positions increased: 533 | Existing positions reduced: 555
4% less first-time investments, than exits
New positions opened: 115 | Existing positions closed: 120
Research analyst outlook
10 Wall Street Analysts provided 1 year price targets over the past 3 months
10 analyst ratings
Morgan Stanley Betsy Graseck 51% 1-year accuracy 27 / 53 met price target | 21%upside $51 | Equal-Weight Maintained | 30 Jul 2024 |
Citigroup Keith Horowitz 88% 1-year accuracy 14 / 16 met price target | 12%upside $47 | Neutral Downgraded | 24 Jul 2024 |
Morgan Stanley Betsy Graseck 51% 1-year accuracy 27 / 53 met price target | 9%upside $46 | Equal-Weight Maintained | 23 Jul 2024 |
Argus Research Stephen Biggar 77% 1-year accuracy 10 / 13 met price target | 21%upside $51 | Buy Maintained | 23 Jul 2024 |
Goldman Sachs Ryan Nash 60% 1-year accuracy 15 / 25 met price target | 19%upside $50 | Buy Maintained | 23 Jul 2024 |
Financial journalist opinion
Based on 3 articles about TFC published over the past 30 days