The Latest Breaking News from Truist Financial

Truist Financial is poised to announce its third-quarter results this month, and analysts are predicting a single-digit growth in the company’s bottom-line figure.

Despite Truist Financial's outperformance relative to the broader S&P 500 Index over the past year, Wall Street analysts remain cautiously optimistic about the stock’s outlook.

With rising expenses and persistent branch closures, Truist Financial's (TFC) growth prospects seem to be under pressure. In light of these challenges and its fiscal fourth-quarter release right around the corner, does it appear wise to invest in TFC shares? Read more to find out.

Truist Financial Corp (TFC) is set to report its third-quarter results this week. Should investors buy or sell the stock now, given its cost-cutting plans? Let’s look at its financial metrics to gauge its prospects….

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Over the past 3 months, 5 analysts have published their opinion on Truist Financial (NYSE:TFC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Truist Financial's (NYSE:TFC) short percent of float has fallen 19.15% since its last report. The company recently reported that it has 10.15 million shares sold short, which is 0.76% of all regular shares that are available for trading.

Truist Financial (NYSE:TFC) has outperformed the market over the past 5 years by 15.81% on an annualized basis producing an average annual return of 24.3%. Currently, Truist Financial has a market capitalization of $61.36 billion.

Truist Financial (NYSE:TFC) has outperformed the market over the past 5 years by 15.14% on an annualized basis producing an average annual return of 26.21%. Currently, Truist Financial has a market capitalization of $65.49 billion.

Over the past 3 months, 4 analysts have published their opinion on Truist Financial (NYSE:TFC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.