Truist Financial Corp (NYSE: TFC) has reported a loss for its fourth fiscal quarter (ending December 31) of $-3.87 versus $1.21 for the same period a year ago — a decline of -420%. This result fell short of the consensus estimate of $0.90 by $-4.77. For the latest four quarters through December 31, E.P.S. were $-1.09 compared to $4.46 a year ago — a decline of -124%.
Recent Price Action
Truist Financial Corp (NYSE: TFC) stock rose modestly by 0.6% on 1/18/24. The stock closed at $35.98. Moreover, unusually high trading volume at 184% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -4.5% 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 consistent signals from two proprietary PTR measures of a stock’s attractiveness. Truist Financial has a good Power Rating of 77 and a very high Appreciation Score of 87, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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