Truist Financial Corporation (TFC) has maintained its performance for the
third quarter of 2024 with a solid earnings beat. The recorded
EPS of $0.99 surpassed expectations and
revenues reached $5.14 billion. The corporation demonstrated strength in
Investment Banking and showed impressive trading income.
Non-Interest Income has, however, seen a significant drop. Further, it has unveiled a new
Electronic Bill Presentment and Payment solution aimed at enhancing client satisfaction. The stock has also been upgraded to
'Hold' at StockNews.com. Investor interest is indicated by a large purchase volume of
put options. The price target has been adjusted by numerous entities, both upward and downward. Despite decreases in short interest and declining profits, its stock has risen.
Institutional ownership of TFC stocks holds strong at 72%, with several notable purchases by executives and investment firms. TFC will also be presenting at the Barclay’s Global Financial Services Conference.
Truist Financial Corporation TFC News Analytics from Thu, 14 Mar 2024 07:00:00 GMT to Sat, 19 Oct 2024 14:31:08 GMT -
Rating 8
- Innovation 5
- Information 7
- Rumor -2
