Alert: Positive Investment/Fundamental Signals (12/20/23)-Truist Financial Corp (NYSE: TFC)


Truist Financial Corp (NYSE: TFC) has recently enjoyed extremely important positive changes in investment behavior: positive upside/downside volume developed, and its longer term price trend turned up.

Truist Financial Corp (NYSE: TFC). Meaningful positive changes in fundamentals have recently occurred: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, TFC is expected to continue to be an important Value Builder.

Truist Financial has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Truist Financial has a neutral Power Rating of 53 but a very high Appreciation Score of 87, resulting in the Positive Value Trend Rating.

Recent Price Action

Truist Financial Corp (NYSE: TFC) stock declined by -2.5% on 12/20/23. The shares closed at $35.79. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 5.0% during the last week.

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