Revenue segments as reported by the company.

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Gross Profit, Operating Income, and Net Income as a percentage of Revenue

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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Truist Financial

Truist Financial Corp. is a financial holding company, which engages in the provision of banking services to individuals, businesses, and municipalities. It operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, Insurance Holdings, and Other, Treasury & Corporate. The Consumer Banking and Wealth segment consists of Retail Community Banking, National Consumer Finance, Services, Payments, Wealth Management and Banking Products and Professional Services and Mortgage Banking. The Corporate and Commercial Banking segment consists of Corporate and Investment Banking, Commercial Community Banking and Commercial Real Estate. The Insurance Holdings segment provides property and casualty, employee benefits and life insurance to businesses and individuals and also provides small business and corporate services, such as workers compensation and professional liability, as well as surety coverage and title insurance. It offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing, and equipment financing. It also markets a range of other services, including deposits, life insurance, property, and casualty insurance. The company was founded on December 6, 2019, and is headquartered in Charlotte, NC.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2023

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Truist Financial reports strong Q4 earnings and optimistic 2023 guidance

Truist Financial's Q4 2022 performance was strong, marked by earnings growth, robust net interest income, and achievement of key milestones. The company provided optimistic guidance for 2023 despite economic uncertainties.
While facing challenges in managing expenses and potential economic impacts, Truist remains focused on leveraging opportunities in revenue synergies, digital enhancements, and strategic growth areas.
Overall, Truist's emphasis on financial strength, digital innovation, and strategic priorities positions them well for future growth and value creation, supported by a strong capital position and commitment to sustainable development.

Truist Financial posts robust Q1 earnings, eyes growth opportunities

Truist Financial reported strong Q1 2023 earnings with notable growth in adjusted PPNR and a focus on digital investments. Despite challenges from funding costs and NIM decrease, the company remains committed to core strengths and through-the-cycle lending. Opportunities for growth and efficiency enhancements through brand consolidation and capital build mode are key focus areas.

Truist Financial reports Q2 earnings decline, focuses on efficiency

Truist Financial navigated challenges of decreased EPS with a focus on managing costs and enhancing digital engagement. The company showcased strong capital position and active credit portfolio management.
While facing revenue decline and increased expenses, Truist is optimistic about post-integration potential and aims for continuous efficiency improvements. The company remains vigilant about economic conditions and is prepared to address credit challenges.
With a strategic focus on operational efficiency and structural changes, Truist aims to achieve top quartile efficiency ratio and organic growth in CET1 ratio. Pricing flexibility and continuous improvement efforts present opportunities for the company's growth.

Truist Financial meets Q3 earnings, focuses on efficiency and digital growth

Truist Financial's Q3 performance showcased resilience in meeting earnings guidance amidst challenges.
Efforts to reduce expenses and optimize the balance sheet position the company for improved profitability.
Anticipated pressures on NIM and revenue present challenges, but cost-saving initiatives and digital growth offer opportunities.
Maintaining strong asset quality metrics and focusing on client relationships are key strengths for Truist Financial.

Truist Financial reports solid Q4 earnings, focuses on efficiency

Truist Financial's Q4 2023 performance showcased solid adjusted net income, improved asset quality metrics, and strategic guidance for 2024 amidst challenges in core efficiency and revenue generation.
The company's strengths lie in its commitment to community impact, efficiency improvement initiatives, diversified revenue streams in investment banking, and focus on profitability optimization.
Challenges include operational efficiency targets, revenue generation pressures, declining net interest income, and strategic decisions regarding the insurance business.
Opportunities for Truist include expanding community impact initiatives, realizing cost savings through efficiency improvements, managing credit quality, and driving sustainable growth through capital optimization.

Truist Financial reports solid Q1 earnings amidst revenue challenges

Truist Financial's Q1 performance was driven by strong investment banking revenue and digital growth, despite revenue challenges ahead.
The company's strengths lie in its capital position, purpose-driven initiatives, and confidence in core banking and investment performance.
While facing revenue declines and NII challenges, Truist sees opportunities in capital deployment, NII improvement, and purpose-driven growth.

Truist Financial posts strong Q3 earnings, eyes digital growth

Truist Financial delivered solid financial performance in Q3 2024, driven by revenue growth and disciplined expense management.
While facing revenue challenges in the near term, Truist's strong capital position and digital focus position it well for future opportunities.
The company's commitment to community support, innovation, and financial stability underpins its resilience and growth potential.

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CHARLOTTE, N.C. , June 30, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the Federal Reserve Board has determined the Company's preliminary stress capital buffer ("SCB") requirement is 2.9%.

Truist announces planned dividend and stress capital buffer requirement following release of 2023 CCAR results

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Begun in the aftermath of the 2008 financial crisis, the Fed's annual stress test dictates how much capital the industry can return to shareholders.

Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test

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Sociedad Quimica Y Minera De Chile

“Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed.“—YCharts Value Screener. Here are 64 July value large caps and Graham formula-derived results that reflect established value-stock detection-criteria. Of those, 51 met the dogcatcher-ideal of dividends from $1K invested exceeding single-share-stock-prices. Representing nine-of-eleven Morningstar Sectors, all 51 ideal value-picks pay regular-dividends. Broker-target-top-ten net-gains ranged 38.26%-104.37%, topped by SBSW & PDM, as-of 6/23/23.

51 Ideal July Value Buys From Ben Graham

Fifth Third Bancorp

Regions Financial

U.S. Bancorp

J.P. Morgan analyst Vivek Juneja on Tuesday cut price targets on nine major U.S. banks due to his “cautious” view on the sector in the face of increased regulatory requirements, declining net interest income and higher expenses pressured by inflation. The comment came a day ahead of the Fed's stress tests results on bank capital.

‘Cautious' JPMorgan analyst cuts price targets on nine major banks

Bristol-Myers

International Paper

SPDR S&P Regional Banking ETF

WestRock

Several sectors are trading at discounts to the S&P 500. The stocks might have some downside, but their prices account for a considerable amount of risk.

The Market Rally Made Stocks Expensive. These Are Still Cheap.

Prudential Financial

Legal & General Group PLC

The economy is holding up better than expected, with a recession predicted to begin in Q1 2024. Prudential is a strong, well-positioned company with a 6% yield and a 2.6% risk of a cut in a severe recession. But PRU's growth outlook is less than 4% and at the moment it looks like most ETFs will be able to outperform long term.

Prudential Is Great, But Buy These 6.5+% Yielding Blue-Chips Today

CHARLOTTE, N.C. , June 20, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second-quarter 2023 financial results before the market opens on Thursday, July 20, 2023.

Truist announces second-quarter 2023 earnings call details

Smith succeeds Todd Chamberlain, who will retire CHARLOTTE, N.C. , June 20, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that David Smith has been named head of Truist Mortgage.

David Smith named Head of Truist Mortgage

KeyCorp

Zions Bancorp

Higher funding costs are putting pressure on net interest income and margins. Several management teams seem to have underestimated just how tough conditions might become.

Regional Banks Have Begun to Adjust Their Second-Quarter Guidance

Truist Financial is an undervalued regional bank with a stable deposit base. The bank's average deposits declined only 1.2% Q/Q in the first quarter. Truist Financial should benefit from a stabilizing deposit situation in the community bank market which could lead to a return of investor confidence. Truist Financial's shares are undervalued as they are still trading at a 22% discount to book value.

Truist: Priced For Disaster, Set For Recovery

Comerica

KeyCorp attributed the lower net interest income guidance to higher deposit costs. Banks may end up feeling more of the effects of the banking crisis in their second-quarter results.

Why Shares of KeyCorp, Comerica, and Truist Are Falling Today

LIFT will partner with Richmond's Office of Community Wealth Building to create one-on-one coaching model to support self-sufficiency for families within community RICHMOND, Va. , June 9, 2023 /PRNewswire/ -- Truist Foundation today announced a $500,000 grant to LIFT, a nonprofit organization dedicated to advancing economic equity by implementing holistic, human-focused social service systems within marginalized communities.

Truist Foundation grants LIFT $500,000 to expand its services to Richmond to support underserved families

Truist Financial remains cheap in spite of positive industry developments. It's likely that investor sentiment in regional banks has already bottomed. We previously called out a profitable trade in TFC stock, and we think a similar trading opportunity now exists for income-oriented investors.

Truist: Don't Forget About This Deep Value Gem

Amid the turmoil in the banking industry and recessionary fears, investors can watch the Truist Financial (TFC) stock for its solid dividend yield.

Is Truist Financial (TFC) Worth a Watch on 6.3% Dividend Yield?

Capital One Financial Corp. COF, -1.33% raised $3.5 billion in a pair of corporate bond offerings while Truist Financial Corp. TFC, -1.05% raised $3.25 billion in two parts, according to filings on Tuesday. Truist issued $1.75 billion in medium-term 5.867% fixed-to-floating rate senior notes due in 2034, as well as $1.5 billion in medium-term 6.047% fixed-to-floating rate senior notes due in 2027.

Capital One and Truist raise a combined $6.75 billion in separate corporate bond deals

Best Buy

Paychex

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I present my top 10 High Yield dividend stocks that are poised to offer strong future returns. The top 10 stocks on the watchlist offer a collective 5.08% dividend yield and have grown their dividends at a historical rate of 35.55% per year over the last five years. New stocks on the watchlist include Best Buy, Goldman Sachs, and Paychex, all of which appear undervalued based on dividend yield theory and have strong dividend growth histories.

My Top 10 High Yield Dividend Stocks For June 2023

CHARLOTTE, N.C. , June 2, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will present at the Morgan Stanley US Financials, Payments & CRE Conference at 2:30 p.m.

Truist to present at the Morgan Stanley US Financials, Payments & CRE Conference

A spokesperson for JPMorgan Chase & Co. JPM, +2.40% on Friday has confirmed statements on social media that some customers that use Zelle are seeing duplicate transactions and fees on their checking accounts. “We're sorry,” the spokesperson said in an email to MarketWatch.

Zelle and Chase working to resolve issue with accidental double payments

In the first quarter, the U.S. banking system saw its largest decline in deposits in almost four decades. The FDIC's bank "problem list" also grew in the first quarter.

Why Shares of Truist, KeyCorp, and Comerica Are Falling Today

CHARLOTTE, N.C. , May 26, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that, after June 30, 2023, CME Term SOFR will be the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities and preferred stock issued by Truist Financial Corporation and certain of its subsidiaries that use three-month U.S. dollar LIBOR as the reference rate and that are governed by U.S. law or the law of a U.S. state.

Truist Financial Corporation Announces CME Term SOFR as Replacement Reference Rate for Outstanding U.S. Dollar Libor-Linked Securities

Enbridge

Verizon

The Dividend Harvesting Portfolio is now generating $972.46 in annual dividends, yielding 8.51%. The Dividend Harvesting portfolio has a 65.52% record of finishing the week in the black since its inception, 76/116 weeks.

Dividend Harvesting Portfolio Week 116: $11,600 Allocated, $972.46 In Projected Dividends

It seems that most risks related to the US banking sector are already reflected in the price of Truist Financial Corporation shares - both common and preferred ones. During the first quarter of FY23, TFC showcased a mix of positive and challenging factors. It experienced one of the biggest downward EPS revisions for Q2 lately.

Truist Financial: Most Of The Negatives Are Priced In

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It always seems to happen when something blows up on Wall Street or in the financial world.

Goldman Sachs Says Buy These 5 Regional Banks With Huge Dividends Before It Is Too Late

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The Dividend Harvesting Portfolio is now generating $963.21 in annual dividends, yielding 8.53%. The Dividend Harvesting portfolio has a 66.09% record of finishing the week in the black since its inception, 76/115 weeks.

Dividend Harvesting Portfolio Week 115: $11,500 Allocated, $963.21 In Projected Dividends

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As the banking crisis persists, bank stocks continue to trade at depressed prices. With this, many investors are waiting for Warren Buffett to step in and save the day.

7 Bank Stocks That Desperately Need Warren Buffett's Help

News for Truist Financial Stock (TFC)