Truist Financial

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Stop waiting time to find out about Truist Financial: Our AI summarizes all info about it.

Are looking for the most relevant information about Truist Financial? Investor spend a lot of time searching for information to make investment decisions in Truist Financial. This task is often burdensome and consumes huge amounts of free time. It also leads to mistakes due to fatigue and bounded rationality. As a solution, we programmed an artificial intelligence that reads the whole internet and the uses natural language processing and vectorizers to summarize the information. Usually, the AI reads several hundred pages and summarize it to a short document. This document presents our results. We found that the most common words in the internet about Truist Financial are: Truist, Financial, result, year, TFC, stock, report, and the most common words in the summary are: truist, financial, stock, market, best, price, news, . One of the sentences in the summary was: The bank set aside more rainy-day funds to cover for potential …

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Stock Summary

Truist Financial Corporation provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Truist is a holding company.

Today's Summary

Truist Financial Corp. reported weak quarterly results and lowered its guidance for the current year. The bank set aside more rainy-day funds to cover for potential defaults in a tough economy. The market did not react positively to these results, as Truist financial saw its shares drop by 7% on the day of the release.

Today's News

Truist Financial Corp. reported weak quarterly results and lowered its guidance for the current year. The bank set aside more rainy-day funds to cover for potential defaults in a tough economy. The market did not react positively to these results, as Truist financial saw its shares drop by 7% on the day of the release. Analysts had predicted earnings per share of around $4 this year before the earnings announcement. Truist Financial missed the Q2 estimate and lowered its guidance for the year. Analysts will likely lower their profit estimates for the current year in the coming days. Truist Financial declared a regular quarterly cash dividend of $0.52 per common share, payable on Sept. 30. The Board of Directors of Truist financial Corporation (NYSE: TFC) declares common and preferred stock dividends. Wall Street analysts predict Truist Financial stock could reach $40.92 by Jul 24, 2024. The consensus among 13 analysts covering ( NYSE : TFC ) stock is to Buy. Truist Financial Corp. reported its second quarter 2023 results today by webcast or dial-in as follows: Webcast: https://app.net/ao9lg3ZzQDX   Dial-in: 855-303-0072. Bank of America Securities analyst Ebrahim Poonawala reiterated a Hold rating on Truist Financial (TFC – Research Report ) On July 12, Citi maintained a Buy rating on the company. Morgan Stanley maintains an “equal weight” rating, suggesting potential growth. Truist Financial Corporation (NYSE: TFC) reported its second quarter 2023 results today. Truist declares common and preferred stock dividends. Multiple performance indicators can help investors identify the equity that they will appreciate over time. The boards role is to monitor Truist Financials management team and ensure that shareholders interests are well served.

Stock Profile

"Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, small business and student lending, floor plan, commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina."

Keywords

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