Truist Financial Corporation (TFC) has been a mainstay in the news, primarily being dominated by institutional owners with an approximate 87% ownership share. Companies such as the First National Trust Co, and HighTower Advisors LLC, have been purchasing substantial shares. However, there has also been a decrease of positions from some institutional investors like King Luther Capital Management Corp. and Intact Investment Management Inc. TFC's share market has been affected by economic and political uncertainties, experiencing a slide of 11% and further losses of about 9% over the week, and a cumulative three-year loss of 13%. Notwithstanding these downsides, confidence in TFC is evident with Baird upgrading the stocks and ensuing purchases of its stocks by Assetmark Inc., Amundi, and Daiwa Securities Group Inc. among others. Earning reports have been robust, revealed in both the Q4 2024 Earnings and the Q3 2024 Earnings, culminating in expectations for growth.
Truist Financial Corporation TFC News Analytics from Thu, 15 Aug 2024 07:00:00 GMT to Sat, 15 Mar 2025 18:16:19 GMT -
Rating -2
- Innovation 5
- Information 8
- Rumor 4
