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Analyst Report: Truist Financial Corporation

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Truist Financial Corporation (TFC) Stock Forecasts

AllAnalyst Report

Argus•January 18, 2024

Symbols

TFC

Sector(s)

Financial Services

Rating

Current Price

$35.31

Price Target

Earnings Estimate

Summary

Truist Financial was formed through the December 2019 merger of equals between BB&T Corp. and SunTrust Banks. The combined company has about $535 billion in assets and ranks as the sixth-largest bank, for both assets and deposits, in the U.S.

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Analyst Profile

Stephen Biggar

Director of Financial Institutions Research

Stephen is responsible for coverage of large global banks, regional banks and domestic credit card companies. He has covered financial services stocks for more than 20 years. He is also a member of the Argus Investment Policy Committee and Senior Portfolio Group, and frequently appears in print and broadcast media discussing the equity markets. Previously, he was the global director of equity research for S&P Capital IQ. He holds a degree in economics from Rutgers University.

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