Truist Financial Corporation

TFC

US89832Q1094

Banks

Market Closed - Nyse Other stock markets 04:00:08 2024-07-12 pm EDT			5-day change	1st Jan Change
40.53 ^USD	+0.35%		+6.04%	+9.78%

Jul. 02	Raymond James Adjusts Price Target on Truist Financial to $44 From $43, Maintains Outperform Rating	MT
Jul. 02	Wolfe Research Adjusts Price Target on Truist Financial to $40 From $34, Maintains Underperform Rating	MT

Truist Financial Corporation Reports Earnings Results for the Full Year Ended December 31, 2023

January 18, 2024 at 06:07 am EST

Truist Financial Corporation reported earnings results for the full year ended December 31, 2023. For the full year, the company reported net interest income was USD 14,600 million compared to USD 14,316 million a year ago. Net loss was USD 1,091 million compared to net income of USD 6,260 million a year ago.

Basic loss per share from continuing operations was USD 1.09 compared to basic earnings per share from continuing operations of USD 4.46 a year ago.

Latest news about Truist Financial Corporation

Raymond James Adjusts Price Target on Truist Financial to $44 From $43, Maintains Outperform Rating	Jul. 02	MT
Wolfe Research Adjusts Price Target on Truist Financial to $40 From $34, Maintains Underperform Rating	Jul. 02	MT
Guardian Capital LLC completed the acquisition of Sterling Capital Management LLC from Truist Financial Corporation.	Jul. 01	CI
Sector Update: Financial Stocks Advance Premarket Monday	Jul. 01	MT
Janney Adjusts Price Target on Truist Financial to $42.75 From $42, Maintains Neutral Rating	Jul. 01	MT
Truist Financial OKs $5 Billion Share Buyback	Jul. 01	MT
Goldman Sachs Adjusts Price Target on Truist Financial to $45 From $47, Maintains Buy Rating	Jul. 01	MT
Tiny Chain Bridge is top banker to Trump, Republican campaigns	Jul. 01	RE
Truist Financial Corporation announces an Equity Buyback for $5,000 million worth of its shares.	Jun. 28	CI
Truist Financial Corporation authorizes a Buyback Plan.	Jun. 27	CI
Big US banks withstand Fed's commercial real estate shock scenario	Jun. 26	RE
US banks suffer steeper losses, but retain large cushions in annual Fed health check	Jun. 26	RE
Explainer-What are the Fed's bank 'stress tests' and what's new this year?	Jun. 24	RE
Big US banks expected to be cautious on shareholder payouts after stress tests	Jun. 24	RE
Piper Sandler Trims Truist Financial's Price Target to $40 From $41	Jun. 11	MT
Transcript : Truist Financial Corporation Presents at Morgan Stanley US Financials, Payments & CRE Conference 2024, Jun-11-2024 01:45 PM	Jun. 11
Space Tree Ventures acquired Free-standing data center in 2323 Operations Drive from Truist Financial Corporation for $5.4 million.	Jun. 09	CI
Janney Adjusts Price Target on Truist Financial to $41.997 From $41.504	Jun. 03	MT
Transcript : Truist Financial Corporation Presents at Bernstein?s 40th Annual Strategic Decisions Conference, May-30-2024 10:00 AM	May. 30
Truist Financial to Redeem $1 Billion of Notes	May. 28	MT
Truist Financial Corporation Announces Redemption of Senior Notes Due June 2025	May. 28	CI
Stephens Adjusts Price Target on Truist Financial to $47 From $43, Keeps Overweight Rating	May. 16	MT
Piper Sandler Adjusts Price Target on Truist Financial to $41 From $38, Keeps Neutral Rating	May. 14	MT
Compass Point Adjusts Truist Financial's Price Target to $43 From $42	May. 13	MT
China confirms its awakening	May. 09

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Company Profile

Truist Financial Corporation is a financial holding company organized around 2 areas of activity: - banking activities (Branch Banking and Trust Company): sale of standard and specialized banking products and services (factoring, leasing, insurance, consumer credit, real estate credit, etc.). At the end of 2020, products and services were marketed through a network of 2,781 branches located in the United States; - financial services: primarily asset management, auto financing, brokerage services, and securities services. At the end of 2020, the group had USD 363.3 billion in current deposits and USD 314.5 billion in current credits.

Sector

Banks

Calendar

2024-07-21 - Q2 2024 Earnings Release

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S&P 500

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Ratings for Truist Financial Corporation

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

40.51 USD

Average target price

43.25 USD

Spread / Average Target

+6.76%

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