Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

CHARLOTTE, N.C., Feb. 3, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Wholesale Banking Officer Kristin Lesher will speak at the BofA Securities Financial Services Conference on Wednesday, Feb. 12, 2025, at 11:20 a.m. ET. A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days. About TruistTruist Financial Corporation is a purpose-driven ...

CHARLOTTE, N.C., Jan. 31, 2025 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the UBS Financial Services Conference on Tuesday, Feb. 11, 2025, at 1:00 p.m. ET. A live audio webcast will be available on the day of the conference at ir.truist.com under Events & Presentations. A replay of the webcast will be available on the website for 30 days. About TruistTruist Financial Corporation is a purpose-driven financial services compa ...

Core Insights - Sheffield Financial has formed a national partnership with Scarab to provide competitive financing options for Scarab's high-performance jet-powered boats [1][3] - The collaboration aims to enhance the boat buying experience by leveraging Sheffield's 32 years of consumer financing expertise and Scarab's extensive dealer network [2][3] Company Overview - Sheffield Financial, a division of Truist Bank, specializes in fast and flexible retail financing across various industries, including marine and powersports, and has financed millions of customers in the USA [4] - Truist Financial Corporation is a leading U.S. commercial bank with total assets of $531 billion as of December 31, 2024, offering a wide range of financial services [5] Product and Service Features - The partnership will utilize Sheffield's advanced prequalification technology, allowing customers to check financing eligibility without affecting their credit score, thus streamlining the purchasing process [2][3] - Scarab boats, powered by Rotax® engines, are designed for performance and recreational activities, featuring models ranging from 16 to 28 feet [6]

Shares of Truist Financial Corporation (NYSE: TFC ) surged 6% on Friday after the financial institution reported better-than-expected results for its fourth fiscal quarter, mainly due to higher investment banking and trading-related fees. Truist Financial saw an improving credit trend in theI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitco ...

Earnings Call Overview - Truist Financial Corporation held its Q4 2024 earnings conference call on January 17, 2025, at 8:00 AM ET [1] - The call included participation from Chairman and CEO Bill Rogers, CFO Mike Maguire, and Chief Risk Officer Brad Bender, along with other senior management members [4] - The discussion focused on Q4 2024 results, current business conditions, and the 2025 outlook [4] Presentation Details - The presentation included forward-looking statements and non-GAAP financial measures, with disclosures available on Slides 2 and 3 of the accompanying presentation [5] - Supplemental financial information and the earnings release were accessible on the Truist Investor Relations website [4] Participants - Key participants included Brad Milsaps (IR), Bill Rogers (Chairman and CEO), Mike Maguire (CFO), and Brad Bender (Chief Risk Officer) [4] - Analysts from major financial institutions such as Piper Sandler, Bank of America, Deutsche Bank, UBS, Morgan Stanley, Evercore, HSBC, Wells Fargo, and RBC were present [1]

Truist Financial Corporation (NYSE:TFC) Q4 2024 Earnings Conference Call January 17, 2025 8:00 AM ET Company Participants Brad Milsaps - IR Bill Rogers - Chairman and CEO Mike Maguire - CFO Conference Call Participants Scott Siefers - Piper Sandler Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Erika Najarian - UBS Betsy Graseck - Morgan Stanley John Pancari - Evercore Saul Martinez - HSBC Mike Mayo - Wells Fargo Gerard Cassidy - RBC Operator Greetings, ladies and gentlemen, and welcome t ...

Earnings Performance - Truist Financial's Q4 2024 adjusted earnings per share of $0.91 surpassed the Zacks Consensus Estimate of $0.87, marking a 12.3% YoY increase [1] - Adjusted earnings for 2024 were $3.69 per share, beating the Zacks Consensus Estimate by $0.01 [3] - Net income available to common shareholders (GAAP basis) was $1.22 billion in Q4 2024, compared to a loss of $5.17 billion in the prior-year quarter [3] - Full-year 2024 net income available to common shareholders (GAAP basis) was $4.47 billion, a significant improvement from a net loss of $1.45 billion in the previous year [3] Revenue and Expenses - Q4 2024 total revenues of $5.06 billion grew 3.6% YoY, beating the Zacks Consensus Estimate of $5 billion [4] - Full-year 2024 revenues were $13.28 billion, down 33.7% YoY and lagging the Zacks Consensus Estimate of $19.87 billion [4] - Tax-equivalent net interest income (NII) increased 1.8% to $3.64 billion in Q4 2024, driven by balance sheet repositioning [4] - Non-interest income rose 7.9% to $1.47 billion in Q4 2024, driven by higher investment banking, trading income, mortgage banking income, and service charges [5] - Non-interest expenses were $3.04 billion in Q4 2024, down 68.2% YoY, but adjusted non-interest expenses rose 7.6% to $3.03 billion [6] Credit Quality and Provisions - Net charge-offs were 0.59% of average loans and leases in Q4 2024, up 2 bps YoY [8] - The allowance for loan and lease losses was 1.59% of total loans and leases held for investment, increasing 5 bps YoY [8] - Provision for credit losses was $471 million in Q4 2024, down 17.7% from the prior-year quarter [8] - Total non-performing assets (NPAs) were $1.48 billion as of Dec 31, 2024, down marginally [9] Profitability and Capital Ratios - Return on average common equity improved to 8.4% in Q4 2024, compared to a negative 36.6% in Q4 2023 [10] - Tier 1 risk-based capital ratio was 12.9% as of Dec 31, 2024, up from 11.6% in the prior-year quarter [10] - Common equity Tier 1 ratio was 11.5% as of Dec 31, 2024, up from 10.1% as of Dec 31, 2023 [10] Share Repurchases - Truist Financial repurchased shares worth $500 million during Q4 2024 [11] Peer Performance - Wells Fargo reported Q4 2024 adjusted earnings per share of $1.42, surpassing the Zacks Consensus Estimate of $1.34 and up from $1.29 in the prior-year quarter [13] - JPMorgan's Q4 2024 earnings per share were $4.81, significantly surpassing the Zacks Consensus Estimate of $4.03 [14]

Earnings Performance and Strategic Initiatives - Truist Financial reported its Q4 and full-year 2024 earnings, highlighting efforts to address digital disruption and evolving consumer expectations in modern banking [1] - Adjusted noninterest expenses rose 4% quarter-over-quarter, driven by higher professional fees and technology-related costs, but achieved a 0.4% year-over-year reduction in adjusted expenses [2] - The bank exceeded analyst estimates for the quarter and issued Q1 2025 guidance, leading to a 5% stock price increase [3] Digital Transformation and Customer Engagement - Truist enhanced its digital offerings for wholesale banking clients, including electronic bill presentment, to align with evolving customer needs [4] - The bank integrated technology into consumer and wholesale banking operations, with tools like Truist One View simplifying user experiences and providing actionable insights [5] - By Q4 2024, Truist had over 5 million active mobile app users, a 1% increase from the prior quarter, with users averaging 18 log-ins per month [6] Growth in Digital Adoption and Demographic Shifts - Digital account production increased by 13% year-over-year, and new household acquisition grew by 31%, driven by younger clients [7] - Generation Z accounted for a 68% year-over-year increase in consumer checking accounts, reflecting the bank's strategy to cultivate long-term relationships with younger clients [7] - Consumer deposit balances for digitally opened accounts grew 80% year-over-year, with 40% of these balances held by Gen Z and millennial clients [8] Financial Performance and Future Outlook - Net interest income for Q4 decreased by 0.4% compared to Q3 2024, reflecting lower investment banking and trading income [9] - Truist aims to expand in high-growth markets, drive positive operating leverage, and maintain risk discipline and capital efficiency in 2025 [10] Competitive Landscape and Industry Challenges - The banking industry faces increased competition from FinTech disruptors and a shifting regulatory environment, but Truist delivered positive operating leverage and maintained financial stability [5] - Rising costs in professional fees and technology investments highlight the need to balance growth with cost efficiency [9]

Investment Strategy - The strategy focuses on a dividend-oriented value approach, emphasizing capital preservation and steadily growing income [1] - The portfolio consists of high-quality value stocks that offer meaningful growth and long-term safety [1] Portfolio Composition - The portfolio is diversified and includes stocks that the author holds, with a focus on dividend-paying value stocks [1] Author's Position - The author holds a beneficial long position in TFC and USB through stock ownership, options, or other derivatives [2]