Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.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; insurance; investment brokerage; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; small business lending; and wealth management/private banking services. In addition, it offers asset based lending, investment banking and capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, floor plan, mortgage warehouse lending, real estate lending, and supply chain financing services. Further, the company provides insurance brokerage, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment management and advisory services. 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.
Capital Fortification | Explore how Truist's sale of its insurance holdings and subsequent $5 billion stock repurchase program have bolstered its financial position and shareholder value |
Growth Amid Challenges | Delve into Truist's performance in high-growth Southeastern markets, balancing regional economic strength against broader industry headwinds |
Credit Quality Concerns | Uncover the implications of rising special mention loans for Truist's risk profile, and how it's navigating potential credit quality issues |
Analyst Perspectives | Discover varied analyst views on Truist, with price targets ranging from $45 to $48, reflecting a cautiously optimistic outlook on the bank's prospects |
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 | −9.8x | 7.3x | 8.7x | |
PEG Ratio | 0.07 | 0.60 | 0.03 | |
Price/Book | 1.1x | 1.0x | 1.0x | |
Price / LTM Sales | 4.4x | 2.6x | 2.8x | |
Upside (Analyst Target) | 0.7% | 0.0% | 10.6% | |
Fair Value Upside | Unlock | 3.9% | 2.8% | Unlock |