Truist Financial Corp (NYSE: TFC) has reported a loss for its second fiscal quarter (ending June 30) of $-2.98 versus $0.93 for the same period a year ago — a decline of -420%. This result fell short of the consensus estimate of $0.84 by $-3.82. For the latest four quarters through June 30, E.P.S. were $-5.28 versus $4.36 for the same period a year ago — a decline of -221%.
Recent Price Action
Truist Financial Corp (NYSE: TFC) stock enjoyed a large increase of 3.2% on 7/22/24. The stock closed at $43.78. Moreover, unusually high trading volume at 183% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 8.1% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Truist Financial has a good Power Rating of 72 and a good Appreciation Score of 83, and the Highest Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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