For its first fiscal quarter (ending March 31), Truist Financial Corp (NYSE: TFC) has reported E.P.S. of $0.77 compared to $1.06 a year ago. E.P.S. were $-1.37 for the latest four quarters through March 31 versus $4.52 for the same period a year ago.
Recent Price Action
On 4/22/24, Truist Financial Corp (NYSE: TFC) stock enjoyed a large increase of 3.4%, closing at $38.06. Moreover, above average trading volume at 133% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.5% during the last week.
Current PriceTarget Research Rating
TFC is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Truist Financial has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Truist Financial has a good Power Rating of 85 and a very high Appreciation Score of 86, 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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