Truist Financial Corporation (TFC) has seen varied trading performance recently, with its stock facing both sales and purchases by noteworthy entities like
International Assets Investment Management LLC, Vanguard Personalized Indexing Management LLC, and
Fisher Asset Management LLC. Performance-wise, on certain days TFC stock outperformed competitors, while on others it underperformed despite overall market gains.
Barclays and Evercore ISI have started covering TFC, while
Stephens and Piper Sandler have raised their target prices. Furthermore, TFC's long-term credit ratings were cut by
Moody's following the sale of Truist Insurance Holdings (TIH). Operationally, TFC has increased its digital transactions and announced plans to sell its remaining stake in TIH to an investor group led by
Stone Point. They have also adjusted their revenue guidance post the insurance sale. TFC's quarterly earnings conference calls for 2025 have been announced, with mixed forecasts from analysts defining the expectation landscape. On the plus side, TFC continues to pay dividends, attracting investor attention while also completing the previously announced sale of TIH despite these challenges.
Truist Financial Corporation TFC News Analytics from Tue, 03 Oct 2023 07:00:00 GMT to Thu, 16 May 2024 18:06:39 GMT -
Rating -3
- Innovation 1
- Information 4
- Rumor -2
