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Charlotte, North Carolina-based Truist Financial Corporation (TFC) is a financial services company that offers a wide array of services, including retail, small business, commercial banking, wealth management, insurance, mortgage, and specialized lending solutions. Valued at a market cap of $59.3 billion, the company is expected to announce its fiscal Q3 earnings for 2025 before the market opens on Friday, Oct. 17.
Before this event, analysts expect this bank to report a profit of $0.98 per share, up 1% from $0.97 per share in the year-ago quarter. The company has topped Wall Street’s earnings estimates in three of the last four quarters, while missing on another occasion. Its earnings of $0.91 per share in the previous quarter fell short of the consensus estimates by 1.1%.
For the current fiscal year, analysts expect TFC to report a profit of $3.85 per share, up 4.3% from $3.69 per share in fiscal 2024. Its EPS is expected to further grow 14.3% year-over-year to $4.40 in fiscal 2026.
Shares of TFC have gained 8.7% over the past 52 weeks, lagging behind both the S&P 500 Index's ($SPX) 15.6% rise and the Financial Select Sector SPDR Fund’s (XLF) 19.6% uptick over the same time frame.
On Jul. 18, shares of TFC tumbled 1.7% after its mixed Q2 earnings release. Due to higher net interest income and noninterest income, the company’s total revenue improved significantly from the year-ago quarter, reaching $5 billion, and came in slightly ahead of analyst estimates. However, its adjusted EPS remained stable at $0.91, missing consensus estimates by a penny. This bottom-line shortfall might have weighed on investor sentiment.
Wall Street analysts are moderately optimistic about TFC’s stock, with a "Moderate Buy" rating overall. Among 23 analysts covering the stock, eight recommend "Strong Buy," two indicate "Moderate Buy," 12 suggest "Hold,” and one advises a “Strong Sell” rating. The mean price target for TFC is $49.21, implying a 6.9% potential upside from the current levels.
