Truist Financial (TFC)

• Market cap: $62.5B
• 1 day: 1.09%
• 5 days: -1.02%
• 1 month: 8.79%
• 3 months: 9.75%
• 6 months: 6.86%
• Year to date: 9.65%
• 1 year: 24.73%
• 5 years: -13.11%
• 10 years: 30.92%
• Sector: Financials
• Industry: National Commercial Banks

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 Q3 regulatory filings by fund managers ($100M+ AUM)

92% more first-time investments, than exits

New positions opened: 152 | Existing positions closed: 79

39% more call options, than puts

Call options by funds: $494M | Put options by funds: $357M

7% more capital invested

Capital invested by funds: $40.2B [Q2] → $42.9B (+$2.77B) [Q3]

4% more funds holding

Funds holding: 1,401 [Q2] → 1,457 (+56) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 539 | Existing positions reduced: 561

2.28% less ownership

Funds ownership: 77.28% [Q2] → 75.0% (-2.28%) [Q3]

27% less funds holding in top 10

Funds holding in top 10: 15 [Q2] → 11 (-4) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $51 7% upside
• Avg. target: $55 15% upside
• High target: $60 26% upside

9 analyst ratings

• positive: 5 56%
• neutral: 4 44%
• negative: 0 0%

Morgan Stanley Betsy Graseck 80% 1-year accuracy 44 / 55 met price target	18% upside $56	Equal-Weight Maintained	21 Jan 2025
Stephens & Co. Terry McEvoy 72% 1-year accuracy 21 / 29 met price target	20% upside $57	Overweight Maintained	21 Jan 2025
Keefe, Bruyette & Woods David Konrad 73% 1-year accuracy 22 / 30 met price target	20% upside $57	Outperform Maintained	21 Jan 2025
Barclays Jason Goldberg 77% 1-year accuracy 43 / 56 met price target	7% upside $51	Equal-Weight Maintained	6 Jan 2025
Compass Point David Rochester 71% 1-year accuracy 17 / 24 met price target	18% upside $56	Buy Maintained	10 Dec 2024