The Latest Breaking News from Truist Financial

With rising expenses and persistent branch closures, Truist Financial's (TFC) growth prospects seem to be under pressure. In light of these challenges and its fiscal fourth-quarter release right around the corner, does it appear wise to invest in TFC shares? Read more to find out.

Truist Financial Corp (TFC) is set to report its third-quarter results this week. Should investors buy or sell the stock now, given its cost-cutting plans? Let’s look at its financial metrics to gauge its prospects….

AT&T's plump dividend used to be like money in the bank. But now investors seeking income and safety might look elsewhere.

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Over the past 3 months, 5 analysts have published their opinion on Truist Financial (NYSE:TFC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Truist Financial's (NYSE:TFC) short percent of float has fallen 19.15% since its last report. The company recently reported that it has 10.15 million shares sold short, which is 0.76% of all regular shares that are available for trading.

Truist Financial (NYSE:TFC) has outperformed the market over the past 5 years by 15.81% on an annualized basis producing an average annual return of 24.3%. Currently, Truist Financial has a market capitalization of $61.36 billion.

Truist Financial (NYSE:TFC) has outperformed the market over the past 5 years by 15.14% on an annualized basis producing an average annual return of 26.21%. Currently, Truist Financial has a market capitalization of $65.49 billion.

Over the past 3 months, 4 analysts have published their opinion on Truist Financial (NYSE:TFC) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

To tame multi-decade high inflation, the Federal Reserve has hinted at raising the interest rates aggressively this year. U.S. Treasury yields are also hitting new highs. This environment will help banks generate more interest income. So, the question becomes, with solid revenue and earnings growth potential, is it wise now…