Truist Financial Corp (NYSE: TFC) has recently enjoyed extremely meaningful positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Truist Financial Corp (NYSE: TFC). Important positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TFC is expected to continue to be an important Value Builder.
Truist Financial has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Truist Financial has a very high Appreciation Score of 89 but a slightly negative Power Rating of 32, triggering the High Neutral Value Trend Rating.
Recent Price Action
Truist Financial Corp (NYSE: TFC) stock closed at $32.13 on 11/29/23 after an increase of 1.8%. Trading volume in this advance was normal. The stock is unchanged during the last week and has performed in line with the market over the last nine months.
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