
Truist Financial (TFC) Stock Forecast & Price Target
Truist Financial (TFC) Analyst Ratings
Bulls say
Truist Financial has demonstrated a strong financial performance, with a net interest margin of 3.12%, reflecting a sequential increase of 10 basis points and a year-over-year increase of 20 basis points, indicating improved lending profitability. The bank also reported robust noninterest income of $1.48 billion, driven by heightened investment banking and trading income, which contributed to the overall financial growth. Furthermore, the tangible book value per share surged to $30.64, marking a notable 59% increase from the previous year, supported by a significant rise in tangible common equity and a reduction in common shares outstanding.
Bears say
Truist Financial's guidance for Q4 2024 indicates a decline in adjusted revenue by approximately 1.5% alongside a 4.0% increase in adjusted expenses, reflecting pressures on profitability. The company's CET1 ratio has fallen to 9.9%, despite being above regulatory minimums, highlighting concerns regarding capital resilience amid potential economic headwinds. Additionally, elevated credit losses anticipated in a recession scenario may significantly depress earnings, further contributing to a negative outlook for the stock.
This aggregate rating is based on analysts' research of Truist Financial and is not a guaranteed prediction by Public.com or investment advice.
Truist Financial (TFC) Analyst Forecast & Price Prediction
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