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:
TFC is projected to see lower revenues than in the previous year, a trend that usually concerns investors. Declining revenues often harm a company's profitability, leading investors to exercise caution as they weigh the potential risks of continued financial downturns.
Financial Ratios:
| currentRatio | 0.000000 |
|---|---|
| forwardPE | 10.025591 |
| debtToEquity | 0.000000 |
| earningsGrowth | 0.253000 |
| revenueGrowth | 0.052000 |
| grossMargins | 0.000000 |
| operatingMargins | 0.389900 |
| trailingEps | 4.040000 |
| forwardEps | 5.126880 |
TFC's Forward PE is positioned well, reflecting a favorable balance between stock price and earnings. The stock isn't overpriced, offering room for growth and making it a potentially rewarding investment as its value has room to rise further.
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:
Truist Financial Corporation's price projections have consistently been revised higher, indicating growing confidence in the company's future potential. Analysts appear more optimistic about Truist Financial Corporation's ability to generate strong results going forward.
Insider Transactions:
4 transactions were made to sell TFC shares, with market price of 48.59499931335449.There were no sell transactions during the given timeframe.Truist Financial Corporation has seen more buys than sells at its current price levels, which may suggest optimism among investors. This buying trend could indicate that the market expects a favorable performance for the stock in the near future.
Recommendation changes over time:
Analysts have been favoring Truist Financial Corporation with a buy bias recently, signaling a promising investment opportunity. This optimistic outlook may attract more investors, positioning Truist Financial Corporation as a desirable option for those seeking to invest their money in a stable, profitable company with strong growth potential.
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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