Truist Financial (NYSE:TFC) reported its earnings on July 22nd, showing $0.91 earnings per share (EPS), which is $0.07 above the expected $0.84. The quarter’s revenue was $5.02 billion, exceeding forecasts of $4.83 billion but down 15.9% from last year. Analysts project $4 EPS for both the current and next fiscal years.
Stock Performance
On Tuesday, shares opened at $43.61, with a 52-week range of $26.95 to $45.31. The market cap is $58.35 billion with a debt-to-equity ratio of 0.61.
Dividends
Truist recently announced a quarterly dividend of $0.52 per share, paid on September 3rd, marking an annualized yield of 4.77%.
Insider Trading
VP Cynthia B. Powell sold 6,688 shares on July 25th for $295,208.32. CEO William H. Rogers Jr. purchased 57,300 shares on July 23rd for $2.5 million. Insiders currently own 0.17% of the stock.
Analyst Ratings
Analysts are mixed, with Barclays setting a price target of $47 and Goldman Sachs at $50. The consensus rating is “Hold” with a target price of $45.45.
Company Overview
Truist Financial Corporation provides banking and trust services across the Southeastern and Mid-Atlantic U.S., offering various deposit products and services.
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