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Truist Financial Corp TFC Stock Quote

| Rating as of

NYSE: TFC

Last close prices updated as of Jan 27, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 48.84
  • Sector Financial Services
  • Industry Banks - Regional
  • Investment Style Large Value
  • Day Range 48.76  –  49.25
  • Year Range 40.01  –  66.10
  • Market Cap 64.8023 Bil
  • Volume / Avg 4.2 Mil /  7.4 Mil
  • Price / Sales 2.84
  • Price / Book 1.20
  • Forward Div Yield 4.36%
  • Trailing Div Yield 4.10%

Morningstar‘s Stock Analysis TFC

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Loan Growth Continues To Be Strong for Truist in Q4 While Some Expense Pressure Materializes

Eric Compton Strategist

Analyst Note

| Eric Compton |

Narrow-moat Truist reported fourth-quarter earnings of $1.20 per share, fairly close to FactSet consensus of $1.24 and in line with our own estimate of $1.21. Top-line revenue of $6.2 billion was also essentially in line with consensus and our own estimate. Expenses did come in a bit above our forecasts, up 3% sequentially versus our own expectation for flat expenses during the quarter. Half of the extra growth was from higher “merger-related” items while much of the rest was related to additional compensation. We were hoping that merger-related items would be over in 2023, but it is now expected that there will be another roughly $100 million or more of these costs once again. We would read some of this as simply inflationary cost pressures, which has been a risk we’ve highlighted for 2023 outlooks. Even so, the 2023 outlook for revenue growth of 7%-9% is still roughly in line with our original expectations for 2023. The expense outlook for growth of 5%-7% is only slightly above our original forecast. While we plan on raising our 2023 expense outlook slightly, likely by just over 1%, we would only expect our fair value estimate of $60 to decrease by a low-single-digit amount, and we still see shares as undervalued. We're hoping a 2023 with fewer one-time charges and the abatement of other merger-related items will help make more clear what Truist's true earnings capabilities are.

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Key Statistics TFC

Company Profile TFC

Business Description

Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.

Contact
214 North Tryon Street
Charlotte, NC, 28202
Industry Banks - Regional
Employees 52,641

Related Articles TFC

FAQs for Truist Financial Corp Stock

Yes. TFC has a forward dividend yield of 4.36%. See TFC’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

TFC’s market cap is 64.80 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

TFC’s stock style is Large Value.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

TFC’s price/sales is 2.84.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

TFC’s price/forward earnings is 9.09.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

TFC’s price/book is 1.20.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See TFC’s valuation ratios compared to the Market Index.

TFC’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare TFC’s historical performance against its industry peers and the overall market.