More about Truist Financial Corporation
Regulatory Filings for Truist Financial Corporation
Fundamentals for Truist Financial Corporation
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Fundamentals for Truist Financial Corporation
Business Operations:
Sector: Financial ServicesIndustry: Banks - Regional
Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; credit card lending; home equity and mortgage lending; other direct retail lending; home mortgage lending; Investment brokerage services; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; and small business lending. In addition, it offers asset-based lending, commercial deposit and treasury services; commercial lending; floor plan lending; derivatives; institutional trust services; insurance premium finance; international banking; investment banking and capital markets services; leasing; merchant services; mortgage warehouse lending; real estate lending; supply chain financing; and wealth management/private banking. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
Revenue projections:
With TFC's revenue forecasted to drop below last year's level, investors are expected to take a cautious stance. Such declines typically affect a company's bottom line, reducing profitability and making investors hesitant to invest heavily in the company until financial performance improves.
Financial Ratios:
| currentRatio | 0.000000 |
|---|---|
| forwardPE | 9.481453 |
| debtToEquity | 0.000000 |
| earningsGrowth | 0.108000 |
| revenueGrowth | 0.032000 |
| grossMargins | 0.000000 |
| operatingMargins | 0.327000 |
| trailingEps | 3.820000 |
| forwardEps | 5.113140 |
TFC's forward EPS being higher than its trailing EPS signals anticipated growth in profitability for the current financial year. This suggests that TFC is on track to improve its earnings, outpacing the previous year's performance and reflecting positive market expectations.
Price projections:
Over time, price projections for TFC have been gradually revised upward, reflecting increasing optimism about the company's future performance. This trend suggests analysts are growing more confident in TFC's ability to deliver strong results and achieve higher market value.
Insider Transactions:
In recent market activity, 4 sales of TFC shares took place, with market price at 48.59499931335449.During the period under review, no sell transactions were recorded.Truist Financial Corporation is seeing more buys than sells at current price levels, which may indicate a positive market outlook. This trend suggests growing confidence among investors, who appear to expect favorable performance from the stock.
Recommendation changes over time:
Truist Financial Corporation has been receiving a buy bias from analysts, signaling strong confidence in the stock's future performance. This positive outlook might drive investors to view Truist Financial Corporation as an attractive option for their portfolios, positioning the company as a stable and profitable investment choice.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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