Truist Financial Corporation

TFC

US89832Q1094

Banks

Market Closed - Nyse Other stock markets 04:00:01 2024-05-08 pm EDT			5-day change	1st Jan Change
39.39 ^USD	+0.72%		+3.52%	+6.69%

May. 08	Jefferies Adjusts Price Target on Truist Financial to $42 From $41	MT
May. 08	Keefe Bruyette & Woods Adjusts Price Target on Truist Financial to $46 From $45	MT

Truist Financial Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024

April 22, 2024 at 06:06 am EDT

Truist Financial Corporation reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 3,372 million compared to USD 3,867 million a year ago. Net income was USD 1,197 million compared to USD 1,513 million a year ago.

Basic earnings per share from continuing operations was USD 0.77 compared to USD 0.98 a year ago. Diluted earnings per share from continuing operations was USD 0.76 compared to USD 0.98 a year ago. Basic earnings per share was USD 0.82 compared to USD 1.06 a year ago.

Diluted earnings per share was USD 0.81 compared to USD 1.05 a year ago.

Latest news about Truist Financial Corporation

Jefferies Adjusts Price Target on Truist Financial to $42 From $41	May. 08	MT
Keefe Bruyette & Woods Adjusts Price Target on Truist Financial to $46 From $45	May. 08	MT
HSBC Adjusts Price Target on Truist Financial to $41 From $40, Keeps Hold Rating	May. 08	MT
JPMorgan Adjusts Price Target on Truist Financial to $41 From $40.50, Keeps Neutral Rating	May. 08	MT
Goldman Sachs Raises Price Target on Truist Financial to $47 From $45	May. 07	MT
Raymond James Raises Price Target on Truist Financial to $43 From $41	May. 07	MT
Truist Financial Completes Insurance Unit Sale, Implements Balance Sheet Repositioning	May. 07	MT
TRUIST FINANCIAL SHARES UP 2.2% AFTER BALANCE SHEET REPOSITIONIN…	May. 07	RE
Truist sells nearly $28 billion of low-yield investments	May. 07	RE
Truist sells securities at $5.1 bln loss	May. 07	RE
Stone Point Capital LLC, Clayton, Dubilier & Rice, LLC, Mubadala Investment Company PJSC and other co-investors completed the acquisition of remaining stake in Truist Insurance Holdings, LLC from Truist Financial Corporation.	May. 06	CI
JPMorgan Adjusts Price Target on Truist Financial to $40.50 From $39.50	May. 01	MT
Truist Financial Corporation Launches Truist Life, Money, and Choices Financial Education Program for High School and College Students	Apr. 29	CI
Declared voting Results by Truist Financial Corporation	Apr. 26	CI
Declaration of Voting Results by Truist Financial Corporation	Apr. 26	CI
Declared voting Results by Truist Financial Corporation	Apr. 26	CI
Truist Financial Corporation Approves Appointments of Directors	Apr. 26	CI
HSBC Adjusts Truist Financial's Price Target to $40 From $39, Keeps Hold Rating	Apr. 25	MT
Citigroup Adjusts Price Target on Truist Financial to $45 From $42, Buy Rating Maintained	Apr. 24	MT
Truist Financial Keeps Quarterly Dividend at $0.52 Per Share, Payable June 3 to Shareholders of Record May 10	Apr. 23	MT
Truist Financial Corporation Elect Laurence Stein to Board of Directors	Apr. 23	CI
Compass Point Upgrades Truist Financial to Buy From Neutral, Adjusts Price Target to $42 From $34	Apr. 23	MT
Argus Raises Price Target on Truist Financial to $44 From $42	Apr. 23	MT
Janney Adjusts Truist Financial's Price Target to $41.50 From $40, Keeps Neutral Rating	Apr. 23	MT
Morgan Stanley Adjusts Truist Financial's Price Target to $44 From $43, Keeps Equalweight Rating	Apr. 23	MT

Chart Truist Financial Corporation

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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

2024-05-08 - Ex-dividend day

Related indices

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

39.39 USD

Average target price

42.93 USD

Spread / Average Target

+8.98%

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