Truist Financial Corporation's (TFC) CEO discussed the company's
strategic vision at the Morgan Stanley Conference, illustrating institutional optimism as Prana Capital Management LP holds it as their 3rd largest position. Analysts from TD Cowen recently issued a 'hold' rating to TFC. They see a
20% potential upside along with a strong dividend yield.
Options traders are hedging on a big shift in TFC. Following Q1 earning estimates surpassing expectations, various investment firms increased their stake in the company, aiming for an attractive
14.19% upside potential. TFC stocks experienced an 8.8% rise, backed by positive remarks about its
dividend yield and innovative steps in revolutionizing bill pay through the RTP network. With 87% of institutional ownership, the company announced strong digital growth and capital in their 2024 Q4 earnings call. However, some concerns arose as the same period saw a 9.0% stock decline leading to further losses for the shareholders. This did not necessarily affect their dividend distribution with a payout of $0.52. With a solid Q1 2025 result and their plan to buy back $750M shares in Q2 2025, TFC has presented an upside potential of 32.5%.
Truist Financial Corporation TFC News Analytics from Fri, 18 Oct 2024 07:00:00 GMT to Sat, 17 May 2025 17:36:15 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 3
