Future Outlook And Truist Financial Corporation Stock Price Performance

In today’s recent session, 1.85 million shares of the Truist Financial Corporation (NYSE:TFC) have been traded, and its beta is 1.05. Most recently the company’s share price was $36.76, and it changed around -$0.29 or -0.77% from the last close, which brings the market valuation of the company to $49.20B. TFC at last check was trading at a discount to its 52-week high of $40.51, offering almost -10.2% off that amount. The share price’s 52-week low was $26.57, which indicates that the recent value has risen by an impressive 27.72% since then. We note from Truist Financial Corporation’s average daily trading volume that its 3-month average coming to 7.46 million.

Truist Financial Corporation (NYSE:TFC) trade information

Instantly TFC has been showing red trend so far today with a performance of -0.77% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -0.42% year-to-date, but still up 0.53% over the last five days. On the other hand, Truist Financial Corporation (NYSE:TFC) is -4.26% down in the 30-day period.

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The consensus price target as assigned by Wall Street analysts is $56.58, which translates to bulls needing to increase their stock price by 35.03% from its current value. Analyst projections state that TFC is forecast to be at a low of $41 and a high of $76.

Truist Financial Corporation (TFC) estimates and forecasts

Truist Financial Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 0.01 percent over the past six months and at a -6.41% annual growth rate that is well below the industry average of -5.00%.

Truist Financial Corporation earnings are expected to increase by 397.65% in 2024, but the outlook is positive 4.96% per year for the next five years.

TFC Dividends

Truist Financial Corporation’s next quarterly earnings report is expected to be released in July. The annual dividend yield of the stock is 5.66 percent and its annual dividend per share was 2.08. It is important to note, however, that the 5.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.