How Truist's Solid Q3 Is (Slowly) Winning Back My Trust [Seeking Alpha]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Seeking Alpha
Investing Group Leader Follow Play 14min Summary Major regional bank Truist Financial reported its Q3 2024 results on Thursday and beat both on top- and bottom line estimates. Revenue was down 10%, but this was to be expected as Q3 was the first full quarter excluding the remaining 80% stake in Truist Insurance (sold in May for $10B). Demand for loans remained subdued, but it would be an exaggeration to see this as a purely company-specific issue. In terms of profitability, there were several bright spots in Q3 and also Truist's credit quality metrics were once again reassuring. The $5 billion share buyback program underscores Truist's solid capitalization and increased commitment to shareholder returns. In my view, a return to dividend growth is a reasonable expectation for 2025. Art Wager Introduction Major regional bank Truist Financial Corp. NYSE: TFC ) released its third quarter 2024 results last Thursday. The report was insofar exciting because it conclu
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TFC
News
- Truist to speak at the Goldman Sachs US Financial Services ConferencePR Newswire
- Truist launches 'Truist Cares for Western North Carolina'--a three-year, $725 million commitment to support and sustain hurricane recovery and resiliencyPR Newswire
- Truist Financial Co. (NYSE: TFC) had its price target raised by analysts at Wells Fargo & Company from $48.00 to $52.00. They now have an "overweight" rating on the stock.MarketBeat
- Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successor [Yahoo! Finance]Yahoo! Finance
- Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successorPR Newswire
TFC
Earnings
- 10/18/24 - Beat
TFC
Sec Filings
- 11/20/24 - Form 3
- 11/18/24 - Form 4
- 11/13/24 - Form 8-K
- TFC's page on the SEC website