|Bid||32.51 x 900|
|Ask||32.63 x 800|
|Day's range||32.43 - 33.51|
|52-week range||25.56 - 52.22|
|Beta (5Y monthly)||1.05|
|PE ratio (TTM)||7.45|
|Earnings date||20 Jul 2023|
|Forward dividend & yield||2.08 (6.21%)|
|Ex-dividend date||11 May 2023|
|1y target est||40.92|
Amid the turmoil in the banking industry and recessionary fears, investors can watch the Truist Financial (TFC) stock for its solid dividend yield.
Barclays (BCS) seeks to sell $5.3 billion of its Italy mortgage loans as it plans to exit retail banking in the country.
In the latest trading session, Truist Financial Corporation (TFC) closed at $31.74, marking a -1.06% move from the previous day.
Shares of most bank stocks headed south today as concerns over the sector came back into focus and seemed to worry investors that the banking crisis is not yet over. Shares of Truist Financial (NYSE: TFC) traded roughly 2.4% lower as of 1:44 p.m. ET today. Meanwhile, shares of KeyCorp (NYSE: KEY) traded nearly 6% lower, while shares of Comerica (NYSE: CMA) were down by roughly 4.5%.
Truist Financial Corporation (TFC) closed the most recent trading day at $31.09, moving +1.27% from the previous trading session.
Barclays (BCS) intends to close 15 more branches in England, Scotland and Wales in the coming months.
An increase in operating expenses and a rise in provisions on a deteriorating operating outlook are major headwinds for Truist Financial (TFC).
Truist Financial (NYSE: TFC), the seventh-largest bank in the U.S. by assets, had a disappointing first quarter of the year, missing earnings estimates on the bottom line and lowering guidance for the year. Like many banks, Truist is experiencing pressure on the funding side and the stock price is down close to 28% this year. While the near-term outlook remains challenging, I continue to view Truist as a buy for a reason I'll outline below.
Results from a number of mid-sized lenders showed that regional banking isn't getting any easier.
The market was up marginally for the day as the S&P 500, the Dow Jones Industrial Average, and the Nasdaq Composite each rose by around 0.1%. Truist Financial, the seventh-largest bank in the U.S. by assets, reported first-quarter earnings on Wednesday that missed analysts' consensus expectations. Truist also saw growth in its commercial and industrial loan portfolio.
Rising provision, a fall in deposit balance and a slight rise in expenses hurt Truist Financial (TFC) Q1 earnings amid higher revenues and a decent improvement in loan balance.
While the top- and bottom-line numbers for Truist Financial Corporation (TFC) give a sense of how the business performed in the quarter ended March 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Truist Financial Corporation (TFC) delivered earnings and revenue surprises of -3.54% and 0.25%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Truist Financial Corporation (NYSE: TFC) today reported GAAP earnings of $1.4 billion, or $1.05 per share for the first quarter of 2023. PPNR(1) was up 47% and adjusted PPNR(1) was up 19% compared to the first quarter of 2022. Capital, liquidity, and credit quality remain strengths.
Regional lenders that were at the center of March's banking crisis got a boost from news of a deposit inflow at Western Alliance.
Some of the nation's largest regional banks offer new signs of how they fared during a tumultuous period for the industry
BankUnited, Inc. (BKU) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Two big banks, in particular, are dirt cheap right now and worth a look as long-term investments -- Bank of America (NYSE: BAC) and Truist Financial (NYSE: TFC). Bank of America is the second-largest bank in the country, with about $2.4 trillion in assets as of Dec. 31, while Truist is the seventh-largest bank in the U.S. and has about $546 billion in assets. Both took major hits during the banking crisis, with Bank of America's stock down about 10% year to date and Truist's roughly 21%.
M&T Bank Corporation (MTB) delivered earnings and revenue surprises of 2.76% and 1.44%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
The super-regional bank Truist Financial (NYSE: TFC), which is the seventh-largest bank by assets in the U.S., has a dividend yield of nearly 6.3%. Let's take a look at how Truist has amassed such a large dividend yield and if it can sustain it moving forward. Many banks have seen their share prices drop and their annual dividend yields rise thanks to the recent banking crisis.
Truist Financial Corporation (TFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Weak C&I loan demand, deposit runs, higher mortgage rates and rising provisions are likely to have hurt Truist's (TFC) Q1 earnings.
In the latest trading session, Truist Financial Corporation (TFC) closed at $33.17, marking a +1.31% move from the previous day.
Shares of many regional banks sold off heavily in March after the collapse of three U.S. banks in less than a week's time sent a jolt through the industry and left investors quite uncertain about the future. Between Feb. 28 and March 31, shares of First Republic (NYSE: FRC) fell an astounding more than 88%, according to data from S&P Global Market Intelligence. Meanwhile, shares of the fifth-largest bank in the country by assets, US Bancorp (NYSE: USB), fell close to 25%, while shares of the seventh-largest bank in the U.S., Truist Financial (NYSE: TFC), fell by more than 27%.
Truist's (TFC) divestiture of 20% stake in TIH unlocks value for the business and positions it for long-term growth.