How to Buy Truist Financial Stock
Truist Financial Corp
Truist Financial Corporation, a holding company, provides banking and trust services for small and mid-size businesses, public agencies, local governments, corporations, and individuals in the Southeastern and Mid-Atlantic United States.
Truist Financial stock last closed at $45.39, up 3.37% from the previous day, and has increased 25.46% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.02 percentage points. Truist Financial stock is currently +32.6% from its 52-week low of $34.23, and -7.47% from its 52-week high of $49.06.
At the moment, there are 1.33B shares of TFC outstanding. The market cap of TFC is $60.26B. In the last 24 hours, 7.9M TFC shares were traded.
How to Buy Truist Financial Stock
Wondering how to invest in Truist Financial stock? Here's how.
- Decide where to buy Truist Financial stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Truist Financial stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Choose your method of payment and add your info.
- Analyze Truist Financial stock: The Truist Financial ticker symbol is TFC. Is Truist Financial stock a good investment? Should you buy shares of TFC? How do TFC's underlying business fundamentals look? Do top analysts think Truist Financial is a good buy? Why has TFC's stock price moved recently? (Hint: Our stock research website can help you understand if TFC is a good stock to buy).
- Make your TFC purchase: Decide if you will purchase TFC shares at the current market price or use a limit order to purchase TFC shares at a given price.
- Keep tabs on your investment in TFC: Create a watchlist to important updates regarding your investment in Truist Financial shares.
Step 1: Decide where to buy Truist Financial stock
You need an online brokerage account to access the NYSE market and buy TFC shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen your brokerage, you need to fill out some personal details so you can invest in TFC stock today.
How to Open a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to create a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've finished signing up on apps for stock market, you need to deposit funds:
Watch the video below to see the process of depositing funds into your new brokerage account.
Step 4: Analyze Truist Financial stock
Once you have selected the best place to buy Truist Financial stock, it's critical to analyze their stock prior to investing, so you truly understand the risk and upside.
Truist Financial quick stats
Truist Financial Due Diligence Checks
WallStreetZen was created to help average investors perform better fundamental analysis.
You can see all of the due diligence checks on TFC's stock page.
What is the fair value of TFC stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge TFC's intrinsic value.
Using relative valuations methods:
- TFC could be undervalued based on its P/B ratio of 0.92x, relative to Banks - Regional industry P/B ratio of 1.12x
You can do more valuation research on TFC's stock here.
TFC Financial Health Overview
Cons:
- TFC's operating cash flow of $3.77B allows it to safely service it's debt of $57.63B.
- TFC earnings of -$2.43B is not enough to cover its interest payments.
- TFC has a relatively high debt to equity ratio of 6.97.
- TFC profit margin has gone down from 27.5% to -16% in the past year.
- Total TFC debt is higher than 5 years ago, relative to shareholder equity.
Do Wall Street analysts think it's a good time to buy Truist Financial stock
Out of 14 sell side analysts who give recommendations on TFC, the consensus analyst rating on TFC is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent TFC Analyst Upgrades/Downgrades
Keith Horowitz, a top 6% analyst from Citigroup maintains TFC with a hold rating and raises their TFC price target from $47.00 to $51.00, on Nov 25, 2024.
Mike Mayo, a top 9% analyst from Wells Fargo maintains TFC with a strong buy rating and raises their TFC price target from $48.00 to $52.00, on Nov 15, 2024.
Wells Fargo's Mike Mayo raised their price target on Truist Financial (NYSE: TFC) by 8.3% from $48 to $52 on 2024/11/15. The analyst maintained their Strong Buy rating on the stock.
Mayo reported that a deep dive into their Financial (Large-Cap Banks) sector coverage area catalyzed their price target hike on Truist Financial.
The analyst predicted that there would be a "15-year regulatory paradigm shift" and an upward bias to Financial sector EPS estimates as a result of the U.S. election.
Mayo detailed that banks are likely to have more flexibility to return and deploy capital and that bank mergers will make a comeback.
Erika Najarian, a bottom 12% analyst from UBS maintains TFC with a strong buy rating and raises their TFC price target from $47.00 to $49.00, on Oct 18, 2024.
Gerard Cassidy, a top 3% analyst from RBC Capital maintains TFC with a buy rating and raises their TFC price target from $45.00 to $46.00, on Oct 18, 2024.
Betsy Graseck, a top 35% analyst from Morgan Stanley maintains TFC with a hold rating and raises their TFC price target from $46.00 to $51.00, on Jul 30, 2024.
You can dig deeper into what analysts are projecting on the Truist Financial stock forecast page.
TFC Momentum
How is TFC performing as a company?
Last year, TFC revenue was $11.95B. In the past 5 year, TFC's revenue has gone up by 1.13% per year. This was slower than the Banks - Regional industry average of 15.06%.
Dig into TFC's earnings and revenue performance here.
Who is buying/selling TFC?
In the past year, insiders at TFC have sold more shares than they have bought.
K. David Boyer Jr., Director of TFC, was the latest TFC insider to sell. They sold $229,444.10 worth of TFC stock on Dec 4, 2024.
Dig into more about who owns TFC stock here.
Can I rely on TFC as an income stream?
Truist Financial pays a dividend of 4.58%, compared to the Banks - Regional industry's average dividend yield of 2.89%. If you owned $1,000 of TFC stock, you would have been paid $45.83 in the past 12 months.
Truist Financial dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more analysis about Truist Financial dividend yield and history here.
TFC Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your TFC purchase
You have two main types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at an exact price limit, use a limit order.
Click the Open Trade button and eToro will execute the order.
If you need additional assistance investing in stocks on eToro, click the helpful video below:
Step 6: Keep tabs on your investment in TFC
Now that you own some TFC shares, you'll want to keep up with your new stock purchase.
Put TFC on a watchlist to keep track of your TFC stock.
TFC Feed
How to Buy Stock in Truist Financial
To reiterate, here are the 6 steps you need to take to buy Truist Financial stock right now:
- Decide where to buy Truist Financial stock
- Open a brokerage account
- Deposit funds into your investment account
- Analyze Truist Financial stock
- Make your TFC purchase
- Keep tabs on your investment in TFC
If you need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Truist Financial, click below.
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