Truist Financial Corp. has seen varying performance recently against its market competitors, with multiple instances of both under and over-performance. The company has finalized procedures for multiple business changes, including the sale of the
Truist Insurance Holdings and a strategic balance sheet repositioning. Additionally,
Truist has been busy with various financial actions, such as the redemption of senior notes due in June 2025, a moderate stock sell-off by
D.A. Davidson & CO, and notably
Commerce Bank's sale of 120,136 shares. Truist Financial has attracted mixed attention from analysts with ratings hovering around an Average 'Moderate Buy'. There has been speculations and advice on the potential for adding
TFC to diverse portfolios, and there is a forthcoming dividend of US$0.45. The company has decided to cut its 2024 revenue guidance, and larger-scale share purchasing has occurred by the likes of
Assetmark Inc, and
Legacy Advisors LLC. The Q1 earnings call revealed a beat on Wall Street's estimates helped by investment banking, and a dividend of $0.52 is due. However, Truist Finance's credit ratings were cut to Baa1 at Moody's.
Truist Financial Corporation TFC News Analytics from Tue, 03 Oct 2023 07:00:00 GMT to Wed, 29 May 2024 20:51:00 GMT -
Rating 1
- Innovation 3
- Information 7
- Rumor -6
