Truist Financial Corp (NYSE: TFC) has reported E.P.S. of $1.00 for its third fiscal quarter (ending September 30) versus $0.80 for the same period a year ago — an increase of 25%. This result exceeded the consensus estimate of $0.90 by $0.10. E.P.S. were $-5.08 for the latest four quarters through September 30 versus $4.00 for the same period a year ago — a decline of -227%.
Recent Price Action
Truist Financial Corp (NYSE: TFC) stock declined by -3.5% on 10/17/24. The shares closed at $42.95. Moreover, trading volume in this decline was unusually high at 175% of normal. Relative to the market the stock has been strong over the last nine months and has risen 0.8% 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). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Truist Financial has a good Power Rating of 79 and a good Appreciation Score of 83, resulting in the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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