Truist Financial
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more first-time investments, than exits
New positions opened: 152 | Existing positions closed: 97
40% more call options, than puts
Call options by funds: $485M | Put options by funds: $347M
6% more capital invested
Capital invested by funds: $38.4B [Q2] → $40.7B (+$2.31B) [Q3]
4% more funds holding
Funds holding: 1,401 [Q2] → 1,456 (+55) [Q3]
4% less repeat investments, than reductions
Existing positions increased: 539 | Existing positions reduced: 560
2.79% less ownership
Funds ownership: 73.93% [Q2] → 71.14% (-2.79%) [Q3]
27% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 11 (-4) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$46
6%
upside
Avg. target
$52
20%
upside
High target
$60
39%
upside
7 analyst ratings
5 positive
71%
2 neutral
29%
0 negative
0%
Compass Point David Rochester 59% 1-year accuracy 13 / 22 met price target | 29%upside $56 | Buy Maintained | 10 Dec 2024 |
Piper Sandler Scott Siefers 56% 1-year accuracy 14 / 25 met price target | 18%upside $51 | Neutral Maintained | 3 Dec 2024 |
Goldman Sachs Ryan Nash 54% 1-year accuracy 15 / 28 met price target | 39%upside $60 | Buy Maintained | 26 Nov 2024 |
Citigroup Keith Horowitz 62% 1-year accuracy 13 / 21 met price target | 18%upside $51 | Neutral Maintained | 25 Nov 2024 |
Wells Fargo Mike Mayo 68% 1-year accuracy 17 / 25 met price target | 20%upside $52 | Overweight Maintained | 15 Nov 2024 |
Financial journalist opinion
Based on 5 articles about TFC published over the past 30 days
Neutral
PRNewsWire
1 day ago
Truist announces fourth-quarter 2024 earnings call details
CHARLOTTE, N.C. , Dec. 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report fourth-quarter 2024 financial results before the market opens on Friday, January 17, 2025.
Neutral
PRNewsWire
1 week ago
Truist receives 'Outstanding' Community Reinvestment Act rating
CHARLOTTE, N.C. , Dec. 11, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it received the highest possible overall rating of "Outstanding" from the Federal Deposit Insurance Corporation for its most recent Community Reinvestment Act examination period, from 2020-2022.
Neutral
Seeking Alpha
1 week ago
Truist Financial Corporation (TFC) Goldman Sachs US Financial Services Conference - (Transcript)
Truist Financial Corporation (NYSE:TFC ) Goldman Sachs US Financial Services Conference Call December 10, 2024 10:40 AM ET Company Participants William Rogers - Chairman and Chief Executive Officer Conference Call Participants Ryan Nash - Goldman Sachs Ryan Nash All right. Great. Up next, we're excited to have Truist joining us once again.
Positive
Seeking Alpha
2 weeks ago
Buy 3 December Barron's Better Bet 'Safer' Dividend Dogs Of 23
Long-term bond yields continue to rise. But investors looking for income can still find plenty of attractive opportunities with dividend-paying stocks that have healthy yields. “23 stocks pay huge dividends. They should be a better bet than treasuries.” —Barron's Weekly. In an interview, Steven Wieting, strategist at Citi-Wealth, noted that a growing-dividend is a tangible-benefit for shareholders and a-hallmark-of companies with strong-balance-sheets. “Nobody can fake a dividend,” he said.
Positive
Benzinga
3 weeks ago
6 Regional Bank Stocks to Buy Before Trump Names New SEC Leadership
The regional banking sector has spent much of the last two years making headlines for all the wrong reasons. Bank failures like Silicon Valley, Signature Bank, and First Republic Bank rocked the sector, and the SPDR Regional Banking ETF KRE dropped more than 40% at the end of 2023.
Neutral
PRNewsWire
1 month ago
Truist to speak at the Goldman Sachs US Financial Services Conference
CHARLOTTE, N.C. , Nov. 21, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Goldman Sachs 2024 US Financial Services Conference at 10:40 a.m.
Neutral
PRNewsWire
1 month ago
Truist launches 'Truist Cares for Western North Carolina'--a three-year, $725 million commitment to support and sustain hurricane recovery and resiliency
Resources to be focused on critical areas of need: small business assistance, housing and infrastructure Truist to engage community partners to help identify highest-impact investments CHARLOTTE, N.C. , Nov. 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced a new initiative, Truist Cares for Western North Carolina, a three-year, $725 million commitment to support critical small business, housing and infrastructure efforts in Western North Carolina as communities impacted by Hurricane Helene recover and rebuild.
Neutral
MarketBeat
1 month ago
3 High-Yields Unfazed by the Election: Altria, Truist, Verizon
The recent surge across the markets, led by sectors like tech, energy, financials, and industrials, demonstrates that volatility surrounding election results can often drive attention away from more conservative, income-focused investments.
Neutral
PRNewsWire
1 month ago
Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successor
CHARLOTTE, N.C. , Nov. 13, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Clarke R.
Neutral
Business Wire
1 month ago
Lincoln Property Company Named the Exclusive Real Estate Provider for Leading Insurance Brokerage TIH
DALLAS--(BUSINESS WIRE)--Lincoln Property Company ("Lincoln"), a global, full-service real estate firm, announced the company has been named as the exclusive real estate provider for TIH, the seventh largest insurance brokerage in the United States. Lincoln's Corporate Advisory & Solutions ("CAS") group provides portfolio optimization, strategy development, project management, lease administration, transaction management and technology services for TIH's full real estate portfolio effective.
Charts implemented using Lightweight Charts™