Truist Financial Corporation (TFC) made significant strides being acknowledged as a
Top-Ranked Momentum Stock and
Value Stock, making analysts suggest buying. While AIA Group Ltd and Equitable Trust Co. increased their TFC stakes,
Verdence Capital Advisors and
Robeco Institutional Asset Management sold part of theirs. Though TFC underperformed compared to other stocks on certain days, its shares rose 9.18% on Nov 6. Despite the fluctuations, TFC made it on UBS’ List Of Stocks For The AI, Growth and Low Rates Era. Kerry Jessani was hired to lead a new mid-corporate banking team.
TFC's Q3 results beat earnings and revenue estimates, with
strong investment banking revenue. Also,
Asset Management One Co. Ltd. and Tandem Investment Advisors Inc. grew their TFC stock positions. Additionally, TFC divulged strong Q3 results, including higher revenue and profit and solid investment banking and trading income. TFC announced a Series L Depositary shares redemption and declared common and preferred stock dividends. The Truist Foundation is investing in scaling, piloting nonprofit initiatives. Lastly, Steve Hagerman was named to Chief Information Officer and TFC's stock hit a 52-week high at $45.31 amid a market rally.
Truist Financial Corporation TFC News Analytics from Fri, 22 Mar 2024 07:00:00 GMT to Sat, 09 Nov 2024 13:36:12 GMT -
Rating 5
- Innovation 4
- Information 7
- Rumor -4
