Truist Financial
About: Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments.
Employees: 50,832
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
76% more call options, than puts
Call options by funds: $466M | Put options by funds: $264M
25% more funds holding in top 10
Funds holding in top 10: 12 [Q1] → 15 (+3) [Q2]
2% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 115
1% more capital invested
Capital invested by funds: $37.3B [Q1] → $37.7B (+$424M) [Q2]
0.65% more ownership
Funds ownership: 71.98% [Q1] → 72.63% (+0.65%) [Q2]
0% more funds holding
Funds holding: 1,396 [Q1] → 1,398 (+2) [Q2]
3% less repeat investments, than reductions
Existing positions increased: 538 | Existing positions reduced: 557
Research analyst outlook
12 Wall Street Analysts provided 1 year price targets over the past 3 months
12 analyst ratings
UBS Erika Najarian 89% 1-year accuracy 8 / 9 met price target | 15%upside $49 | Buy Maintained | 18 Oct 2024 |
RBC Capital Gerard Cassidy 83% 1-year accuracy 25 / 30 met price target | 8%upside $46 | Outperform Maintained | 18 Oct 2024 |
Stephens & Co. Terry McEvoy 89% 1-year accuracy 24 / 27 met price target | 18%upside $50 | Overweight Reiterated | 10 Sept 2024 |
Morgan Stanley Betsy Graseck 71% 1-year accuracy 22 / 31 met price target | 20%upside $51 | Equal-Weight Maintained | 30 Jul 2024 |
Citigroup Keith Horowitz 100% 1-year accuracy 7 / 7 met price target | 10%upside $47 | Neutral Downgraded | 24 Jul 2024 |
Financial journalist opinion
Based on 26 articles about TFC published over the past 30 days
