The stock of Truist Financial Corporation (NYSE:TFC) last traded at $43.32, up 1.81% from the previous session.
TFC stock price is now -4.05% away from the 50-day moving average and 5.27% away from the 200-day moving average. The market capitalization of the company currently stands at $58.55B.
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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, Boyer K. David Jr., Director sold 4,966 shares of the company’s stock on Dec 04 ’24. The stock was sold for $229,444 at an average price of $46.20. Upon completion of the transaction, the Director now directly owns 11,246 shares in the company, valued at $0.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Director Boyer K. David Jr. bought 4,966 shares of the business’s stock. A total of $229,442 was incurred on buying the stock at an average price of $46.20. A total of 0.22% of the company’s stock is owned by insiders.
During the past 12 months, Truist Financial Corporation has had a low of $34.23 and a high of $49.06. The fifty day moving average price for TFC is $45.1496 and a two-hundred day moving average price translates $41.15305 for the stock.
The latest earnings results from Truist Financial Corporation (NYSE: TFC) was released for 2024-09-30. The net profit margin was -7.63% and return on equity was -10.11% for TFC. The company reported revenue of $6.35 billion for the quarter, compared to $6.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.01 percent.
