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 $37.97, down 2.11% from the previous day, and has increased 24.78% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.05 percentage points. Truist Financial stock is currently +48.55% from its 52-week low of $25.56, and -3.36% from its 52-week high of $39.29.
At the moment, there are 1.33B shares of TFC outstanding. The market cap of TFC is $50.67B. In the last 24 hours, 7.24M 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.
A brokerage account is an investment account that enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.
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Step 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.
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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
TFC Price
$37.97
1w %
6.33%
1y %
24.78%
5y %
-24.38%
P/E
-34.83x
P/B
0.86x
P/S
2.38x
PEG
N/A
Revenue
$21.28B
Earnings
-$1.45B
Fore. Rev. Growth
-2.31%
Fore. Earn. Growth
N/A
Market Cap
$50.67B
Next Earnings
N/A
Next Dividend
Jun 3, 2024
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 0.86x, relative to Banks - Regional industry P/B ratio of 0.99x
TFC's operating cash flow of $8.63B allows it to safely service it's debt of $63.75B.
TFC earnings of -$229.00M is not enough to cover its interest payments.
TFC has a relatively high debt to equity ratio of 8.04.
TFC profit margin has gone down from 26.6% to -6.8% 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 17 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
David Konrad, a top 12% analyst from Keefe, Bruyette & Woods maintains TFC with a buy rating and raises their TFC price target from $44.00 to $45.00, on Apr 5, 2024.
Erika Najarian, a bottom 8% analyst from UBS maintains TFC with a strong buy rating and raises their TFC price target from $45.00 to $49.00, on Apr 5, 2024.
Mike Mayo, a top 10% analyst from Wells Fargo maintains TFC with a strong buy rating and raises their TFC price target from $39.00 to $45.00, on Mar 28, 2024.
Saul Martinez, a top 22% analyst from HSBC maintains TFC with a hold rating and raises their TFC price target from $37.00 to $39.00, on Mar 28, 2024.
Scott Siefers, a top 18% analyst from Piper Sandler maintains TFC with a hold rating and raises their TFC price target from $37.00 to $38.00, on Jan 19, 2024.
Last year, TFC revenue was $21.28B. In the past 5 year, TFC's revenue has gone up by 14.13% per year. This was faster than the Banks - Regional industry average of 7.5%.
Truist Financial pays a dividend of 5.48%, compared to the Banks - Regional industry's average dividend yield of 3.86%. If you owned $1,000 of TFC stock, you would have been paid $54.78 in the past 12 months.
Truist Financial dividend payments have consistently grown over the past decade but have not remained stable.
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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:
How much does it cost to buy one Truist Financial share?
As of Apr 25, 2024, it costs $37.97 to buy one share of Truist Financial stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.263 shares of TFC.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.