CHARLOTTE, N.C., July 22, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) reported its second quarter 2024 results today. Investors can access the live second quarter 2024 earnings call at 8 a.m. ET today by webcast or dial-in as follows: The earnings release, investor presentation, including an appendix reconciling non-GAAP disclosures, and Truist's Second Quarter 2024 Quarterly Performance Summary, which contains detailed financial schedules, are available at Truist's Investor Relations webs ...

Introduction As I've explained in detail in my previous coverage of Truist here on Seeking Alpha, I felt very comfortable looking past these losses. This is partially in light of the Federal Reserve's Bank Term Funding Program, which was announced quickly after the onset of the 2023 banking crisis to provide emergency liquidity and restore confidence in the banking system. Looking back, Truist shares have gained 42% since my first article titled "Disaster Or Opportunity: It's All About Truist." However, thi ...

Per the Federal Reserve's latest data, demand for commercial and industrial (C&I) loans (accounting for roughly 50% of TFC's total loans and leases held for investment) was modest in the first quarter. Meanwhile, consumer loan (almost 40% of total loans and leases held for investment) demand was subdued. The Zacks Consensus Estimate for TFC's average earning assets is pegged at $478.3 billion, which suggests a 5.3% fall from the prior-year quarter's reported figure. The consensus estimate for NII (fully tax ...

The earnings report, which is expected to be released on July 22, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. This company is expected to post quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of -17.9%. The consensus EPS estimate for the quarter has been revised 1.64% higher over the last 30 days to the current level. This is essentially a reflection ...

CHARLOTTE, N.C., June 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today released the results of its annual company-run stress test, conducted in accordance with the regulations of the Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation, under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are available online at https://IR.Truist.com/other-filings. Truist announced that the Federal Reserve has de ...

Truist Financial (TFC) is expected to witness continued top-line growth on the back of decent loan demand, high interest rates, strategic restructuring initiatives and efforts to improve fee income. Analysts seem optimistic regarding the company's earnings growth potential. Over the past 60 days, the Zacks Consensus Estimate for Truist's 2024 earnings has been revised 1% upward. In the past year, TFC shares have gained 23.5% compared with the industry's growth of 32.6%. Image Source: Zacks Investment Resear ...

Media Contacts: Kria Sakakeeny, JFF, [email protected] Kristen Fraser, Truist, [email protected] BOSTON, June 26, 2024 /PRNewswire/ -- Today, Jobs for the Future (JFF), a national nonprofit that drives transformation of the U.S. education and workforce systems, announced its partnership with Truist Foundation to improve economic mobility and advancement opportunities for learners and workers across three Southern states, Ohio, and Pennsylvania. The $4.2 million investment will support two initiatives to bui ...

CHARLOTTE, N.C., June 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second-quarter 2024 financial results before the market opens on Monday, July 22, 2024. Chairman and Chief Executive Officer Bill Rogers and Chief Financial Officer Mike Maguire will host a conference call to review the company's financial results at 8 a.m. ET. Investors can access the live earnings call by webcast or dial-in as follows: Live webcast for listeners: https://app.webinar.net/zVb4RPwq23Q Dial-in ...

I've been a pretty harsh critic of Truist (NYSE:TFC) management more than a few times – not only has the execution of the SunTrust merger left a lot to be desired, but the bank has been losing organic market share in its core markets and has struggled to define and execute upon a path of differentiated growth and return improvement. With that, the shares have continued to lag – lagging the peer group by about 10% since my last update (though up about 15%), while lagging by more than 15% over the last five y ...

Truist Financial Corporation (NYSE:TFC) Morgan Stanley US Financials, Payments & CRE Conference Call June 11, 2024 1:45 PM ET Company Participants Mike Maguire - Chief Financial Officer Conference Call Participants Betsy Graseck - Morgan Stanley Betsy Graseck Okay. We're on now. All right. Thanks very much. I'll read my disclaimer, and then we'll get on with it. For important disclosures, please see Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. The taking of photograph ...