Recent significant positive changes in fundamentals have benefitted Truist Financial Corp (NYSE: TFC): the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Truist Financial Corp (NYSE: TFC) has benefited from notable positive changes in investment behavior: positive upside/downside volume developed.
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
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Truist Financial has a good Power Rating of 79 and a very high Appreciation Score of 87, with the Highest Value Trend Rating the result.
Recent Price Action
Truist Financial Corp (NYSE: TFC) stock closed at $37.47 on 1/19/24 after a large increase of 4.1%. Moreover, this advance was accompanied by above average trading volume at 143% of normal. The stock has declined -0.7% during the last week but has been strong relative to the market over the last nine months.
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