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With a market cap of $52.9 billion, Truist Financial Corporation (TFC) is a financial services company that engages in banking and trust services. The Charlotte, North Carolina-based company operates through three segments: Consumer Banking and Wealth; Corporate and Commercial Banking; and Insurance Holdings.
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Truist Financial fits this description perfectly. The American bank holding company offers a wide range of products and services through its wholesale and consumer businesses in the Southeastern and Mid-Atlantic United States.
However, the company dropped 17.7% from its 52-week high of $49.06. Over the last three months, TFC has dipped 11.4%, underperforming the broader Dow Jones Industrials Average's ($DOWI) 5.3% decline.

Longer term, Truist Financial is down 6.5% on a YTD basis, lagging behind DOWI's 2.5% decrease. However, shares of TFC have gained 15.8% over the past 52 weeks, outperforming the Dow Jones’ 6.6% rise over the same time frame.
Since the beginning of March, the stock has fallen below its 50-day and 200-day moving averages.

Shares of Truist Financial climbed 5.9% on Jan. 17 after the bank reported a stronger-than-expected Q4 2024 earnings release, with adjusted EPS of $0.91 and revenue of $5.1 billion. Investors reacted positively to the 12.3% year-over-year EPS growth and a solid 3.4% revenue increase, driven by higher noninterest income from investment banking and trading. The bank's strong CET1 ratio of 11.5% signaled solid capital strength, reassuring investors.
Additionally, management’s announcement of a $500 million share repurchase plan and its 2025 guidance, projecting 3% to 3.5% adjusted revenue growth.
Moreover, in comparison, rival U.S. Bancorp (USB) has lagged behind TFC. USB stock decreased marginally over the past 52 weeks and experienced a decline of 12.2% on a YTD basis.
Analysts are cautiously optimistic about TFC’s prospects, given its outperformance compared to broader markets over the past year. With a consensus “Moderate Buy” rating from 21 analysts, it is currently trading below the mean price target of $52.15.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.