Truist Financial Corporation (TFC) is a Top-Ranked Momentum Stock: Should You Buy?

Zacks Premium and Style Scores - Zacks Premium provides daily updates of Zacks Rank and Zacks Industry Rank, full access to Zacks 1 Rank List, Equity Research reports, and Premium stock screens to help investors make informed decisions [1] - Zacks Style Scores rate stocks based on value, growth, and momentum qualities, with A being the highest rating and F the lowest [2][3] - The Style Scores are divided into four categories: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles [3][4][5] Zacks Rank and Style Scores Integration - Zacks Rank uses earnings estimate revisions to rate stocks, with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988, outperforming the S&P 500 [6][7] - Over 800 stocks are rated as 1 (Strong Buy) or 2 (Buy) on any given day, making it challenging to select the best stocks [7][8] - Combining Zacks Rank 1 or 2 with Style Scores of A or B increases the likelihood of success, while stocks with 3 (Hold) rank should also have A or B scores for upside potential [8][9] Truist Financial Corporation (TFC) Analysis - Truist Financial, formed from the merger of BB&T Corp and SunTrust Banks, is one of the largest commercial banks in the US, headquartered in Charlotte, NC [10] - TFC has a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of A and shares up 0.2% over the past four weeks [10][11] - Six analysts revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.14 to$3.69 per share and an average earnings surprise of 6.2% [11]