Significant activities surrounding Truist Financial Corporation (TFC) have appeared recently. Various institutions such as Princeton Capital Management, McRae Capital Management, and Resona Asset Management Co bought substantial shares, asserting their confidence in TFC. However, shares of TFC were sold by other institutions like Moors & Cabot, Bank of New York Mellon, and Jennison Associates.
Investment optimism for TFC is growing despite recent share price dip. The company beat Q3 earnings and revenue estimates. They also hired corporate banking leaders for their energy and technology sectors. Wall Street analysts gave the firm a consensus recommendation of 'Moderate Buy'.
However, TFC Q2 earnings missed estimates, and their stock was marked 'Sell' by Wall Street Zen. Yet, they showed a strong quarter with solid net income, while also announcing common and preferred stock dividends.
Lastly, TFC made a significant multi-year investment in high-growth markets and appointed veteran leaders to Commercial and Corporate Banking roles. TFC remains largely controlled by institutional shareholders who hold 78% of the company.
Truist Financial Corporation TFC News Analytics from Thu, 17 Apr 2025 07:00:00 GMT to Sat, 08 Nov 2025 13:24:26 GMT - Rating 6 - Innovation -3 - Information 8 - Rumor 4
