Latest news with #TruistFinancial
Yahoo
a day ago
- Business
- Yahoo
Raymond James Cuts Truist Financial (TFC) PT, Keeps Outperform Rating
Truist Financial Corporation (NYSE:TFC) is one of the 10 Best Financial Stocks on Wall Street's Radar. On July 18, Raymond James reduced its price target for Truist Financial Corporation (NYSE:TFC) from $50 to $48 while keeping an 'Outperform' rating. The investment firm noted that Truist Financial Corporation (NYSE:TFC) shares are underperforming. Raymond James believes this reflects market concerns around near-term net interest margin/net interest income and the expected increase in investment banking fees in the second half of the year. A closeup view of a hand inserting a credit card into an ATM machine. The firm now projects adjusted revenue growth for Truist Financial Corporation (NYSE:TFC) to be at the low end of the company's own target range of 1.5% to 2.5%. This view reflects the uncertain business and economic environment. However, Raymond James noted that if there is progress on deregulation and loan growth improves, Truist Financial Corporation (NYSE:TFC) could see stronger results. The investment firm still believes there is a 'modestly positive risk-reward skew' for Truist Financial Corporation (NYSE:TFC). Raymond James pointed to the company's progress toward mid-teens return on tangible common equity, a slight improvement in the short-term outlook for credit, and expected positive operating leverage. All of this comes as Truist Financial Corporation (NYSE:TFC) trades at a discount compared to its peers. Truist Financial Corporation (NYSE:TFC) is an American bank holding and financial services company. It specializes in consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. While we acknowledge the potential of TFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best American Semiconductor Stocks to Buy Now and 11 Best Fintech Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
4 days ago
- Business
- Business Insider
Stephens Sticks to Their Buy Rating for Truist Financial (TFC)
Stephens analyst Terry McEvoy maintained a Buy rating on Truist Financial yesterday and set a price target of $49.00. The company's shares closed yesterday at $44.25. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, McEvoy is a 4-star analyst with an average return of 7.7% and a 61.09% success rate. McEvoy covers the Financial sector, focusing on stocks such as Truist Financial, Regions Financial, and Associated Banc-Corp. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Truist Financial with a $47.07 average price target, implying a 6.37% upside from current levels. In a report released on July 13, Bank of America Securities also maintained a Buy rating on the stock with a $50.00 price target. The company has a one-year high of $49.06 and a one-year low of $33.56. Currently, Truist Financial has an average volume of 7.89M.
Yahoo
5 days ago
- Business
- Yahoo
BofA Raises PT on Truist Financial (TFC) to $50 From $46, Keeps a Buy Rating
Truist Financial Corporation (NYSE:TFC) is one of the best . On July 13, BofA analyst Ebrahim Poonawala raised the firm's price target on Truist Financial Corporation (NYSE:TFC) to $50 from $46, keeping a Buy rating on the shares. A closeup view of a hand inserting a credit card into an ATM machine. The firm told investors that it adjusted its regional bank price targets as part of a preview of the fiscal Q2 2025 earnings season. The analyst further said in a research note that several factors are acting as catalysts for the stocks, including accelerated loan growth, an absence of interest rate cuts delaying growth rebound and yet 'resilient' earnings emerging, and investment banking activity. Truist Financial Corporation (NYSE:TFC) is a financial holding company that provides banking services to businesses, individuals, and municipalities. The company operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Other, Treasury and Corporate. While we acknowledge the potential of TFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Truist's second-quarter profit rises on higher interest income, friendlier comparisons
(Reuters) -Truist Financial reported a rise in second-quarter profit on Friday, helped by higher interest income and friendlier comparisons to the year-ago period. The U.S. Federal Reserve's series of interest rate cuts during the second half of 2024 has spurred banks to actively reduce deposit costs across their portfolios. Truist's net interest income — the difference between the interest it pays on deposits and what it earns on loans — rose 1.7% to $3.59 billion from a year ago. This reflects a 24 basis points (bps) reduction in the average cost of total deposits. Shares of the company rose 2% in premarket trading. The lender also benefited as securities losses, part of its non-interest income, narrowed to $18 million in the quarter, compared to a $6.65 billion loss recorded in the year-ago period. Truist's non-interest income swung to $1.4 billion in the quarter, compared to a $5.21 billion loss a year earlier. The Charlotte, North Carolina-based bank reported a 28.3% fall in its investment banking and trading income. Peer Citizens Financial also reported a drop in capital market fees on Thursday. Early in the quarter, M&A activity was scuttled to a 20-year low after U.S. President Donald Trump's tariffs, which have now eased. Executives expect greater dealmaking in the second half of 2025, as stabilizing financial markets benefit from lighter regulation. The bank's M&A pipeline is "probably the strongest it's been in the last several years," William Rogers, Truist's chairman and CEO, said at the Morgan Stanley Financials Conference last month. Truist reported a profit of $1.18 billion or 90 cents per share in the reported quarter, compared to $830 million or 62 cents per share in the same quarter last year. Truist's shares have gained nearly 3.8% in 2025, as of last close, lagging a 12.2% rise in the KBW Banking Index. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Truist reports second quarter 2025 results
CHARLOTTE, N.C., July 18, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2025 results today. Investors can access the live second quarter 2025 earnings call at 8 a.m. ET today by webcast or dial-in as follows: Webcast: Dial-in: 1-877-883-0383, passcode 5911048 The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Second Quarter 2025 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist's Investor Relations website at A replay of the call will be available on the website for 30 days. About Truist Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $544 billion as of June 30, 2025. Truist Bank, Member FDIC. Learn more at View original content: SOURCE Truist Financial Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
