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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.
Strategic Shift | Explore Truist Financial's bold move: the sale of Truist Insurance Holdings, reshaping its financial landscape and opening new strategic avenues |
Capital Strength | Delve into TFC's robust capital position, with an 11.6% CET1 ratio, enabling a $5 billion stock buyback and potential market opportunities |
Regional Powerhouse | Learn how Truist's dominant presence in the high-growth Southeast market positions it for potential outperformance in loans and deposits |
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $43 to $55, reflecting both optimism and caution about TFC's future prospects |
Metrics to compare | TFC | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipTFCPeersSector | |
---|---|---|---|---|
P/E Ratio | −159.2x | 7.9x | 9.0x | |
PEG Ratio | −0.39 | 0.73 | 0.03 | |
Price/Book | 1.1x | 1.1x | 1.0x | |
Price / LTM Sales | 5.5x | 2.6x | 2.8x | |
Upside (Analyst Target) | 7.0% | 7.4% | 12.2% | |
Fair Value Upside | Unlock | 0.5% | 3.1% | Unlock |