Extremely important positive changes in investment behavior have recently occurred for Truist Financial Corp (NYSE: TFC): its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.
Meaningful positive changes in Truist Financial Corp (NYSE: TFC) fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2025 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 83 and a good Appreciation Score of 84, with the Highest Value Trend Rating the result.
Recent Price Action
Truist Financial Corp (NYSE: TFC) stock enjoyed a large increase of 2.7% on 6/28/24. The stock closed at $38.85. Moreover, trading volume in this advance was above average at 135% of normal. The stock has been strong relative to the market over the last nine months and has risen 6.1% during the last week.
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