Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; other direct retail lending; home mortgage lending; Investment brokerage services; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; and small business lending. In addition, it offers asset-based lending, commercial deposit and treasury services; commercial lending; floor plan lending; derivatives; institutional trust services; insurance premium finance; international banking; investment banking and capital markets services; leasing; merchant services; mortgage warehouse lending; real estate lending; supply chain financing; and wealth management/private banking. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
Strategic Shifts | Truist Financial navigates complex economic landscape with focus on revenue growth, expense management, and capital allocation strategies |
Financial Resilience | Explore TFC's robust capital position, share repurchase program, and commitment to shareholder returns amid market challenges |
Market Dynamics | Delve into TFC's competitive landscape, outpacing macroeconomic trends while facing fintech disruption and evolving consumer preferences |
Analyst Outlook | Price targets range from $41 to $55, with an average of $49.50, reflecting varied perspectives on TFC's growth potential and market position |
Metrics to compare | TFC | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipTFCPeersSector | |
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P/E Ratio | 11.6x | 14.2x | 9.7x | |
PEG Ratio | 0.04 | 1.52 | 0.03 | |
Price/Book | 1.0x | 0.8x | 1.0x | |
Price / LTM Sales | 3.1x | 3.8x | 2.9x | |
Upside (Analyst Target) | 11.5% | 20.5% | 14.1% | |
Fair Value Upside | Unlock | 14.5% | 0.8% | Unlock |