Stocks of Truist Financial Corporation (NYSE:TFC) traded higher last session on Wall Street, up 0.69% to $42.13.
TFC stock price is now -0.65% away from the 50-day moving average and 10.07% away from the 200-day moving average. The market capitalization of the company currently stands at $56.42B.
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On July 24, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock increasing its target price from $45 to quote $47, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, Weaver David Hudson, Officer bought 5,000 shares of the company’s stock on Aug 14 ’24. The stock was bought for $209,614 at an average price of $41.92. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 25 ’24, Corp. Controller, Exec VP Powell Cynthia B sold 6,688 shares of the business’s stock. A total of $295,208 was realized by selling the stock at an average price of $44.14. A total of 0.30% of the company’s stock is owned by insiders.
During the past 12 months, Truist Financial Corporation has had a low of $26.57 and a high of $45.31. The fifty day moving average price for TFC is $42.4858 and a two-hundred day moving average price translates $38.3287 for the stock.
The latest earnings results from Truist Financial Corporation (NYSE: TFC) was released for 2024-06-30. The net profit margin was -8.45% and return on equity was -10.53% for TFC. The company reported revenue of $6.35 billion for the quarter, compared to $6.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.85 percent.
