William Rogers procured an additional 5.3% share in
Truist Financial Corporation (TFC). Despite this, TFC's stake was reduced by EP Wealth Advisors LLC. Still, TFC managed to surpass Q2 earnings and revenue estimates.
Canada Pension Plan Investment Board holds a $46.16 million stock position in TFC, albeit noninterest income has shown a substantial decline. Analysts anticipate TFC's earnings to decline. Despite this,
TFC's stock has outperformed its competitors on strong trading days, reaching new 52-week highs. The corporation recently affirmed its dividend of $0.52 while its price target has been raised by various analysts. TFC has completed the sale of Truist Insurance Holdings and has executed strategic balance sheet repositioning. However, the corporation has been downgraded by Citigroup and StockNews.com. The Q2 earnings of TFC, including higher fee income and decreasing costs, have topped expectations. Even with a recently cut revenue guidance, TFC has outscored the market return.
Truist Financial Corporation TFC News Analytics from Tue, 20 Feb 2024 08:00:00 GMT to Sun, 28 Jul 2024 16:45:48 GMT -
Rating 4
- Innovation 2
- Information 7
- Rumor -5
