From the Editor
Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty ins... Read More
Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health Truist Financial Corp. operates as a financial holding company. It engages in the provision of banking services to individuals, businesses and municipalities. The company operates through the following segments: Consumer Banking and Wealth; Corporate and Commercial Banking; and Insurance Holdings. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC. insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC. Read Less
Truist Financial Company Stats
As of August 2024
- Industry
- Banking and Financial Services
- Founded
- 1872
- Headquarters
- Charlotte, North Carolina
- Country/Territory
- United States
- Chief Executive Officer
- Bill Rogers
- Employees
- 50,832
Forbes Lists
America's Best Employers By State (2024)
Banking and Financial Services
#501
Global 2000 (2024)
#371 - SALES
#78 - ASSETS
#331 - MARKET VALUE
#95
Net Zero Leaders (2023)Dropped off in 2024
Banks
#242
Best Employers for New Grads (2023)Dropped off in 2024
Banking and Financial Services
#421
Best Employers for Diversity (2023)Dropped off in 2024
Banking and Financial Services
#93
America's Best Banks (2023)Dropped off in 2024
Banking
#283
America's Best Large Employers (2023)Dropped off in 2024
Banking and Financial Services
#88
Best Employers for Veterans (2020)Dropped off in 2021
Banking and Financial Services
#199
Best Employers for Women (2020)Dropped off in 2021
Banking and Financial Services
World's Best Banks (2019)Dropped off in 2020
Banking
#446
World's Best Employers (2018)Dropped off in 2019
Major Banks
#91
America's Largest Public Companies (2018)
Major Banks
Truist Financial Financial Summary
Select list year
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
Revenue
$33.2B
Assets
$535B
Profits
-$1.4B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$28B
Assets
$574.4B
Profits
$6.4B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$23.2B
Assets
$544.3B
Profits
$6.4B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$24.3B
Assets
$517.5B
Profits
$4.9B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$17.2B
Assets
$506.2B
Profits
$3.5B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$13.2B
Assets
$227.7B
Profits
$3.2B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$12.3B
Assets
$220.7B
Profits
$2.8B
Revenue
$11.3B
Assets
$221.2B
Profits
$2.4B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$10.6B
Assets
$212.4B
Profits
$2.1B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$9.7B
Assets
$188.4B
Profits
$2.2B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$10.6B
Assets
$184.5B
Profits
$1.7B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$10.7B
Assets
$183.9B
Profits
$2B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$10B
Assets
$174.6B
Profits
$1.3B
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Revenue
$11.1B
Assets
$157.1B
Profits
$816M
Sources
FactSet, Bloomberg, S&P Cap IQ; Forbes.
Truist Financial (TFC) Stock Price Performance
Truist Financial (TFC) Stock Key Data
SummaryAdditional DataAnalystsHistorical Quotes
Key Data
Previous Close
44.22
Open
44.14
Days Range
43.27 x 44.49
Volume
8,083,057
52 Week Range
26.57 x 45.31
Market Cap
$58.41B
P/E Ratio (ttm)
N/A
Forward P/E
11.79
Diluted EPS (ttm)
-5.10
Dividends Per Share
2.08
Dividend Yield
4.70%
Ex-Dividend Date
Aug 9, 2024
Valuation Measures
P/E Ratio (ttm)
N/A
Forward P/E
11.79
Price to Sales (ttm)
4.09
Price to Book Value (ttm)
1.02
Price to Tangible Book Value (ttm)
1.53
Total Enterprise Value to EBIT (ttm)
N/A
Total Enterprise Value to EBITDA (ttm)
N/A
Total Enterprise Value to Total Revenue (ttm)
N/A
Profitability Metrics
Gross Margin (ttm)
N/A
Operating Margin (ttm)
N/A
Net Margin (ttm)
-12.74%
Return on Assets (ttm)
-1.19%
Return on Equity (ttm)
-10.04%
Revenue and Earnings Metrics
Revenue (ttm)
$2.22B
Revenue Per Share (ttm)
10.66
Revenue Growth (y/o/y)
-30.86%
EBITDA (ttm)
N/A
EBITDA Growth (y/o/y)
N/A
Diluted EPS (ttm)
-5.10
Diluted EPS Growth (y/o/y)
N/A
Cash and Debt Metrics
Total Cash
$49.87B
Total Cash Per Share
30.55
Total Debt
$61.45B
Total Debt/Equity
N/A
Current Ratio
N/A
All values as of most recently reported quarter unless otherwise noted.
Consensus Recommendation
Outperform
Consensus Price
46.75
Range of Price Targets
42.00 to 51.00
Range of EPS
3.41 to 4.06
Consensus EPS
3.70
Consensus Revenue
$20.53B
Range of Revenue
$20.33B to $20.9B
- Consensus Price Target is the stock price analysts expect to see within a period of 0-18 months.
- EPS and Revenue estimates are for the next 12 months.
| DATE | OPEN | HIGH | LOW | CLOSE | ADJUSTED CLOSE | VOLUME |
| Sep 4, 2024 | 44.14 | 44.49 | 43.27 | 43.62 | 43.62 | 7,428,458 |
| Sep 3, 2024 | 44.09 | 44.76 | 44.06 | 44.22 | 44.22 | 7,204,104 |
| Aug 30, 2024 | 44.11 | 44.49 | 44.06 | 44.46 | 44.46 | 6,565,479 |
| Aug 29, 2024 | 44.16 | 44.29 | 43.57 | 43.91 | 43.91 | 3,669,699 |
| Aug 28, 2024 | 43.80 | 44.19 | 43.66 | 43.94 | 43.94 | 4,631,952 |
| Aug 27, 2024 | 44.14 | 44.40 | 43.69 | 43.91 | 43.91 | 6,847,782 |
| Aug 26, 2024 | 44.00 | 44.35 | 43.92 | 44.22 | 44.22 | 1,029,541 |
| Aug 23, 2024 | 42.17 | 43.87 | 42.06 | 43.84 | 43.84 | 1,015,789 |
| Aug 22, 2024 | 42.18 | 42.55 | 41.80 | 41.87 | 41.87 | 12,283,603 |
| Aug 21, 2024 | 42.45 | 42.55 | 41.53 | 42.09 | 42.09 | 870,086 |
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