The top three mortgage lenders with the best rates remain the same this week, though with a slight change in ranking: Navy Federal Credit Union, Citi Mortgage, and PenFed Credit Union, according to a survey conducted by Yahoo Finance. Lenders were ranked by annual percentage rate (APR), which includes lender fees. The mortgage lenders with the best rates: December 8, 2025 Here are the 10 mortgage lenders with the best interest rates this week, as determined by our survey of the lowest mortgage rates on ...

Core Insights - Truist Financial Corporation (TFC) is a diversified U.S. bank-holding company with a market capitalization of $56.6 billion, offering a wide range of financial services [1] Performance Overview - TFC shares have underperformed compared to the broader market, increasing by 2.4% over the past year, while the S&P 500 Index has risen by 17.4% [2] - In 2025, TFC stock is up 2.2%, lagging behind the S&P 500's 16% year-to-date increase [2] Comparative Analysis - TFC has outperformed the SPDR S&P Regional Banking ETF (KRE), which has seen marginal gains over the past year and slight dips in 2025 [3] Recent Financial Results - On October 17, TFC shares rose by 3.3% following stronger-than-expected Q3 2025 results, driven by significant fee income growth in investment banking and trading, healthy loan expansion, and disciplined expense management [4] - TFC reported revenue of $5.2 billion, slightly above forecasts, and adjusted earnings of $1.35 per share, exceeding the consensus estimate of $0.99 by nearly 36% [4] - Although net interest income was slightly below expectations, strong bottom-line performance and growth in tangible book value enhanced investor confidence [4] Earnings Expectations - Analysts project TFC's EPS to grow by 6.2% to $3.92 for the current fiscal year ending in December [5] - TFC has a mixed earnings surprise history, beating consensus estimates in three of the last four quarters while missing once [5] Analyst Ratings - Among 23 analysts covering TFC stock, the consensus rating is a "Moderate Buy," consisting of nine "Strong Buy" ratings, two "Moderate Buys," 11 "Holds," and one "Strong Sell" [5]

Financial Performance - Net income for the three months ended September 30, 2025, was $1,452 million, slightly up from $1,442 million in 2024, showing a marginal increase of 0.7%[24] - Net income for the nine months ended September 30, 2025, was $3,953 million, an increase from $3,564 million in 2024, representing a growth of 10.9%[29] - Net income available to common shareholders for Q3 2025 was $1,348 million, compared to $1,333 million in Q3 2024, reflecting a growth of 1.1%[17] - For the nine months ended September 30, 2025, net income available to common shareholders was $3,685 million, compared to a loss of $1,623 million in the same period of 2024[17] Earnings Per Share - Basic EPS from continuing operations for the three months ended September 30, 2025, was $1.05, compared to $1.00 in 2024, marking a 5% increase[22] - Basic EPS from continuing operations for Q3 2025 was $1.05, up from $1.00 in Q3 2024, indicating a 5% increase[17] Income and Expenses - Net interest income after provision for credit losses for the three months ended September 30, 2025, was $3,193 million, compared to $3,154 million for the same period in 2024, reflecting a year-over-year increase of 1.2%[22] - Noninterest income for the three months ended September 30, 2025, was $1,558 million, up from $1,483 million in 2024, indicating a growth of 5.1%[22] - Noninterest expense increased by $87 million, or 3.0%, mainly due to higher personnel expenses[202] Assets and Liabilities - Total assets increased to $543,851 million as of September 30, 2025, up from $531,176 million at December 31, 2024, representing a growth of 2.5%[19] - Total liabilities rose to $478,205 million as of September 30, 2025, from $467,497 million at December 31, 2024, an increase of 2.0%[19] - Total shareholders' equity increased to $65,646 million as of September 30, 2025, from $63,679 million at December 31, 2024, representing a growth of 3.1%[19] Credit Losses and Provisions - The provision for credit losses for the three months ended September 30, 2025, was $436 million, compared to $448 million in 2024, reflecting a decrease of 2.7%[22] - The allowance for credit losses stood at $5.3 billion, with an ALLL ratio of 1.54%, unchanged from June 30, 2025[186] Cash Flow and Investments - Net cash from operating activities increased to $3,157 million in 2025 from $1,389 million in 2024, showing a significant improvement[29] - Net cash from investing activities was negative at $(12,971) million in 2025, compared to a positive $26,558 million in 2024, indicating a shift in investment strategy[29] Shareholder Returns - Cash dividends declared on common stock amounted to $695 million during the period, while preferred stock dividends were $106 million[26] - Truist returned $1.2 billion to shareholders through $665 million in dividends and $500 million in share repurchases during Q3 2025[177] Loan Portfolio - The total loans and leases held for investment (HFI) reached $323,738 million as of September 30, 2025, up from $306,383 million as of December 31, 2024, indicating a growth of about 5.7%[49][50] - Total consumer loans, including residential mortgage and credit card loans, reached $132,790 million as of September 30, 2025[49] Securities and Investments - The amortized cost of AFS securities was $70.241 billion as of September 30, 2025, with a fair value of $65.522 billion, indicating a net unrealized loss of $4.719 billion[44] - The total amount of securities sold under agreements to repurchase was $8.050 billion as of September 30, 2025, a decrease from $9.675 billion as of December 31, 2024, representing a decline of 16.7%[43] Economic Outlook - The economic outlook for the ACL estimates as of September 30, 2025, included low single-digit GDP growth and a mid-to-high single-digit unemployment rate[59] - The company continues to adjust its economic forecasts to reflect current and expected economic conditions, including risks related to tariffs and inflation[59] Strategic Initiatives - Truist announced strategic growth investments, including building 100 new branches and enhancing digital capabilities over the next five years[176] - The company aims to deepen client relationships and enhance the financial experience by leveraging the full range of Truist's products and services[159]

Financial Services Sector - Financial Services sector shows strong buy ratings for Mastercard (MA), Visa (V), Global Payments (GPN), Fidelity National Information Services (FIS), and Truist Financial (TFC) in recent days [1] - Average target price upside across these companies suggests continued positive momentum in the Financial Services sector [1] Utilities Sector - Utilities sector also demonstrates strength with upgrades for Alliant Energy (LNT), PPL Corporation (PPL), and Entergy (ETR) on October 24 and October 22 [1] - The upgrades indicate a favorable outlook for these utility companies [1] Payroll Services and Insurance - Payroll services sector experiences a notable strong sell for Paychex (PAYX), indicating caution in this area [1] - Insurance giant W.R. Berkley (WRB) also received a strong sell rating, further signaling caution in the insurance sector [1]

Core Insights - Truist Financial's shares increased by 3.7% following the release of its third fiscal quarter results, which exceeded expectations due to higher fees from investment banking, trading, and wealth management services [1] Financial Performance - The financial institution reported better-than-expected results for its third fiscal quarter, primarily driven by increased fees related to investment banking and trading [1] - The surge in share price reflects positive market reaction to the financial performance [1]

Core Insights - Truist Financial's shares increased by 3.7% following the release of its third fiscal quarter results, which exceeded expectations primarily due to higher fees from investment banking, trading, and wealth management services [1] Financial Performance - The financial institution reported better-than-expected results for its third fiscal quarter, indicating strong performance in its fee-generating segments [1]

Core Insights - Truist Financial Corporation will have Chief Wholesale Banking Officer Kristin Lesher present at the BancAnalysts Association of Boston Conference on November 6, 2025, at 9:40 a.m. ET [1] - Truist Financial Corporation is a purpose-driven financial services company with total assets of $544 billion as of September 30, 2025, and has a leading market share in high-growth markets in the U.S. [2] Company Overview - Truist offers a wide range of financial products and services, including consumer and small business banking, commercial and corporate banking, investment banking, capital markets, wealth management, payments, and specialized lending [2] - The company is recognized as a top-10 commercial bank in the United States [2] Recent Developments - Truist has launched Truist One View Connect, an embedded banking solution designed for wholesale clients, enhancing multi-platform ERP banking capabilities [3] - The company has also announced the hiring of new leaders for its Corporate Banking division, specifically targeting the energy and technology sectors [4]

Earnings Overview - Earnings season is gaining momentum with major companies like Tesla, Netflix, General Motors, and Ford reporting results this week [1][3] - As of October 17, 12% of S&P 500 companies have reported results, with analysts expecting an 8.5% increase in earnings per share for Q3, marking the ninth consecutive quarter of positive earnings growth but a slowdown from the 12% growth in Q2 [1][2] Sector Performance - A diverse range of sectors is represented in the earnings reports, including airlines, toy manufacturers, and telecom providers, with consumer spending updates expected from companies like Procter & Gamble and Deckers Outdoors [4] - Companies such as GE Vernova reported a 55% increase in orders to $14.6 billion, driven by its power and electrification equipment division, despite profits being below expectations [8][9] Company-Specific Highlights - Hilton reported adjusted earnings of $2.11 per share, exceeding expectations, while revenue per available room (RevPAR) declined 1.1% year-over-year [11][12] - AT&T surpassed subscriber estimates due to strong demand for bundled services and iPhone promotions, leading to a nearly 2% rise in stock [13][14] - Intuitive Surgical's stock surged 15% after beating earnings estimates, driven by strong demand for surgical robots [15] - Texas Instruments' stock fell 7% following a weaker-than-expected Q4 outlook, with projected sales of $4.22 billion to $4.58 billion [16][17] - Capital One reported a 23% increase in total net revenue to $15.4 billion, with earnings per share of $4.83, surpassing expectations [19][20] - Philip Morris experienced an 8% drop in stock after reporting a 3.2% decline in cigarette shipments, although smokeless product shipments increased by 16.6% [21][22][23] - 3M raised its annual earnings outlook after reporting sales of $6.3 billion, slightly above estimates, with adjusted earnings per share of $2.19 [24][25] - Halliburton's stock rose over 5% after reporting adjusted earnings of $0.58 per share, exceeding estimates despite a revenue decline to $5.6 billion [26][27] - GE Aerospace's stock increased over 2.5% after reporting a 26% revenue growth to $11.3 billion and raising its full-year EPS forecast [30][31] Market Sentiment - Bank of America noted that 76% of S&P 500 companies reporting so far have exceeded earnings expectations, indicating a stronger-than-usual earnings season [42][43] - Ally Financial reported better-than-expected consumer health, with earnings per share of $1.18, surpassing estimates [45][46]

Core Insights - Truist Financial Corporation has launched Truist One View Connect, an embedded banking solution designed to enhance financial management for teams by integrating with leading ERP platforms [1][2][3] - The solution aims to reduce complexity in payment and cash management, providing a unified experience with actionable treasury workflows [1][4] - Truist One View Connect is built on an API-first architecture, enabling real-time payments, reconciliation, and reporting directly within ERP systems [3][7] Company Overview - Truist Financial Corporation is a purpose-driven financial services company headquartered in Charlotte, North Carolina, with total assets of $544 billion as of September 30, 2025 [6] - The company offers a wide range of financial products and services, including consumer banking, commercial banking, investment banking, and wealth management [6] Product Features - Truist One View Connect provides a unified multi-ERP experience, allowing finance teams to manage treasury workflows seamlessly across various ERP platforms [7] - The solution emphasizes speed, security, and scalability, leveraging Truist's robust API infrastructure [7] - Early pilot clients have reported faster onboarding, improved data accuracy, and significant time savings, indicating the solution's real-world value [7]

Earnings Overview - Earnings season is gaining momentum with major companies like Tesla, Netflix, General Motors, and Ford reporting results this week [1][3] - As of October 17, 12% of S&P 500 companies have reported, with analysts expecting an 8.5% increase in earnings per share for Q3, marking the ninth consecutive quarter of positive growth but a slowdown from 12% in Q2 [1][2] Company-Specific Highlights - **Netflix**: Stock fell after missing earnings estimates, with operating profit impacted [8] - **Intuitive Surgical**: Beat earnings estimates with strong demand for surgical robots, resulting in a 15% stock increase [9] - **Texas Instruments**: Stock dropped 7% due to a weaker-than-expected Q4 outlook, projecting sales of $4.22 billion to $4.58 billion, below analyst estimates [10][11] - **Capital One**: Reported a 23% increase in net revenue to $15.4 billion, exceeding expectations, with earnings per share at $4.83 [13][14] - **Philip Morris**: Stock fell 8% after reporting a 3.2% decline in cigarette shipments, although smokeless product sales increased by 16.6% [15][16][17] - **3M**: Stock rose less than 1% after raising its annual earnings outlook, reporting Q3 sales of $6.3 billion, slightly above estimates [18][19] - **Halliburton**: Revenue increased despite falling oil prices, with adjusted earnings of $0.58 per share beating estimates [20][21] - **GE Aerospace**: Stock rose over 2.5% after reporting a 26% revenue increase to $11.3 billion and raising full-year guidance [23][24] - **Northrop Grumman**: Raised its 2025 profit forecast due to increased demand from geopolitical conflicts [28] - **Elevance**: Stock rose 6% after beating quarterly profit estimates [29] Market Trends - Bank of America noted that 76% of S&P 500 companies reporting so far have exceeded earnings expectations, higher than the average of 68% [36][37] - The upcoming week will see a significant number of companies reporting, with 44% of S&P 500 companies expected to release earnings [38]