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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

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

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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

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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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Truist (TFC) is well-positioned for top-line improvement, supported by higher interest rates and decent loan growth. Yet, elevated costs might hurt profits.

High Rates, Restructuring Aid Truist (TFC) Amid Cost Woes

American Express

Goldman Sachs

JPMorgan Chase & Co

Bank of America

Citigroup

Morgan Stanley

Wells Fargo

The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. Each of the 31 banks in this year's regulatory exercise cleared the hurdle of being able to absorb losses while maintaining more than the minimum required capital levels, the Fed said in a statement.

Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn

Truist Financial Corp. saw its stock price plummet following the 2023 banking crisis. Post-merger challenges and high interest rates have weighed on Truist's profitability and investor confidence. Truist's Held-to-Maturity (HTM) portfolio poses a potentially significant liquidity risk, with losses of over 19%.

Truist Financial: Patience Is Bitter, But Its Fruit Is Sweet

Jobs for the Future will work to build inclusive career on-ramps in IT and bridge gaps in U.S. workforce and education systems. BOSTON , June 26, 2024 /PRNewswire/ -- Today, Jobs for the Future (JFF), a national nonprofit that drives transformation of the U.S. education and workforce systems, announced its partnership with Truist Foundation to improve economic mobility and advancement opportunities for learners and workers across three Southern states, Ohio, and Pennsylvania.

Jobs for the Future Partners with Truist Foundation to Accelerate Economic Mobility in Several Regions Across the United States

CHARLOTTE, N.C. , June 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second-quarter 2024 financial results before the market opens on Monday, July 22, 2024.

Truist announces second-quarter 2024 earnings call details

Truist management has faced deserved criticism for poor execution and lagging performance, but deal integration challenges should be largely over and the insurance sale creates new options. Management has already used some of the insurance sale proceeds to reposition the balance sheet, improving the securities yield and adding net interest income leverage. Despite challenges in organic market share, Truist still compares well on metrics like net interest margin, asset yield, and operating efficiency, and the bank has capital to invest in growth.

Truist: Low Expectations And More Flexibility Create Opportunities (Rating Upgrade)

Comerica

KeyCorp

Apart from strong fundamentals, S&P 500 banks like Comerica (CMA), KeyCorp (KEY) and Truist Financial (TFC) have solid dividend yields, which are likely to help income investors generate robust returns.

3 S&P 500 Banks With Solid Dividend Yield to Keep an Eye On

Citizens Financial Group

Fifth Third Bancorp

Huntington Bancshares

M&T Bank

New York Community Bancorp

Bank OZK

PNC Financial Services

Regions Financial

Valley National

Zions Bancorp

By now you have probably seen myriad headlines about an alarming level of risk that banks are facing from potential losses on their portfolios of loans secured by office buildings. But there are fallacies in many media reports.

These numbers show that banks' risk from office real estate has been exaggerated

Blackstone Group

SPDR S&P Regional Banking ETF

T. Rowe Price Group

U.S. Bancorp

Bank stocks held on to gains on Wednesday after the Federal Reserve kept rates steady and a tame monthly inflation gauge sparked optimism in the sector.

Bank stocks and corporate bonds hold gains on flat inflation report and Fed update

Truist Financial Corporation (NYSE:TFC ) Morgan Stanley US Financials, Payments & CRE Conference Call June 11, 2024 1:45 PM ET Company Participants Mike Maguire - Chief Financial Officer Conference Call Participants Betsy Graseck - Morgan Stanley Betsy Graseck Okay. We're on now.

Truist Financial Corporation (TFC) Morgan Stanley US Financials, Payments & CRE Conference (Transcript)

Crown Castle International

Enterprise Products Partners

Income investors on Wall Street favor dividend stocks, especially those that consistently pay high dividends around 5%. These shares offer cash flow from their investments and provide the opportunity to reinvest dividends.

More Dividend Divas: 3 Stocks Delivering Reliable and Growing Payouts

Bill Gross thinks investors should be "exuberant" about one bank stock, in particular. He likes the stock's valuation and the bank's low exposure to commercial real estate.

Here's the 1 Stock Billionaire Bond King Bill Gross Says Investors Should Be "Exuberant" About -- and It's Not Nvidia

Truist Financial Corporation (NYSE:TFC ) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 10:00 AM ET Company Participants Bill Rogers - Chairman and CEO Conference Call Participants John McDonald - Bernstein John McDonald [abrupt start] CEO and Chairman, Bill Rogers. Bill, thanks for joining us again this year.

Truist Financial Corporation (TFC) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)

Latest round of funding aims to serve as an example of corporate philanthropy's opportunity to catalyze innovation and scale successful solutions CHARLOTTE, N.C. , May 30, 2024 /PRNewswire/ -- Truist Foundation today announced philanthropic funding for 11 nonprofit organizations working to pilot emerging solutions or scale existing successful initiatives into new regions.

Truist Foundation fills gap, distributes grants to pilot and scale nonprofit solutions nationwide

CHARLOTTE, N.C. , May 29, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will speak at the Morgan Stanley US Financials, Payments & CRE Conference at 1:45 p.m.

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

CHARLOTTE, N.C. , May 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,000,000,000 principal amount outstanding of its floating rate senior notes due June 9, 2025 (CUSIP 89788MAF9) on the redemption date of June 9, 2024.

Truist announces redemption of senior notes due June 2025

Truist Financial (TFC) remains well-poised for top-line growth driven by loan demand and fee income growth, restructuring plans and higher rates. However, high costs and weak asset quality are woes.

Truist's (TFC) Business Restructuring to Aid Amid Cost Woe

Mid-America Apartment Communities

One Liberty Properties

The controlling family of this REIT has made sure it pays its dividends for decades. You can bank on Truist's dividend.

3 Magnificent Dividend Stocks You Won't Regret Buying Right Now

CHARLOTTE, N.C. , May 16, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chairman and Chief Executive Officer Bill Rogers will speak at the Bernstein Strategic Decisions Conference at 10 a.m.

Truist Chairman & CEO to speak at the Bernstein Strategic Decisions Conference

In life, whether looking for the best financial stocks to buy or the best way to get rich quickly, imitation can be the best form of flattery. Barron's published an article about bank-stock fund manager David Ellison's portfolio of financial services stocks in his Hennessy Large Cap Financial Fund (MUTF: HLFNX ).

Banking on Experience: 3 Financial Stock Picks from Wall Street's Longest-Serving Guru

CHARLOTTE, N.C. , May 13, 2024  /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced plans to host conference calls to review 2025 quarterly financial results on the following dates and times: First quarter 2025 – Thursday, April 17, 2025, at 8 a.m.

Truist announces quarterly 2025 earnings conference call dates

Truist's (TFC) ratings are downgraded by Moody's following the completion of TIH divestiture. The sale makes the company more depended on spread income and its revenue stream becomes less diversified than before.

Truist (TFC) Ratings Cut by Moody's on Business Divestiture

Truist (TFC) completes the sale of its subsidiary, TIH, and executes a balance sheet repositioning strategy. Driven by these, the company's 2024 total revenues will be higher than previously expected.

Truist (TFC) Closes TIH Sale, Repositions Balance Sheet

ATLANTA--(BUSINESS WIRE)--Boys & Girls Clubs of America is pleased to announce that its board of governors has voted to name long-time board member and supporter, William H. “Bill” Rogers Jr., as the nonprofit's incoming board chair. Rogers, chairman and chief executive officer of Truist Financial Corporation, will take on the leadership role's two-year term in January 2025, following the tenure of businessman and former Milwaukee County Executive, Chris Abele. Joining Boys & Girls Club.

Boys & Girls Clubs of America Names Bill Rogers, Chairman & CEO of Truist, New Board of Governors Chair-Elect

Truist Financial said on Tuesday it has sold $27.7 billion of low-yielding investments to focus on better alternatives as part of a repositioning the lender expects will help it post higher revenue in 2024 than previously forecast.

News for Truist Financial Stock (TFC)