Truist Financial Corporation (TFC) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Group 1: Momentum Style Score - Truist Financial Corporation (TFC) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The Momentum Style Score is influenced by factors such as price changes and earnings estimate revisions [3][10] Group 2: Performance Metrics - TFC shares have increased by 4.69% over the past week, outperforming the Zacks Banks - Major Regional industry, which rose by 4.12% [7] - Over the last quarter, TFC shares have risen by 17.58%, and by 35.51% over the past year, while the S&P 500 has only increased by 9.88% and 24.06%, respectively [8] - The average 20-day trading volume for TFC is 7,215,173 shares, indicating a bullish sign with rising stock prices [9] Group 3: Earnings Outlook - In the past two months, 5 earnings estimates for TFC have been revised upwards, increasing the consensus estimate from $3.36 to $3.53 [11] - For the next fiscal year, 7 estimates have moved higher while 2 have been revised downwards [11] Group 4: Investment Recommendation - Given the strong performance metrics and positive earnings outlook, TFC is rated as a 2 (Buy) stock with a Momentum Score of A, making it a promising near-term investment option [12]