Stock TFC TRUIST FINANCIAL CORPORATION
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Company Truist Financial Corporation

Equities

TFC

US89832Q1094

Banks

Market Closed - Nyse
Other stock markets
 04:00:02 2024-06-04 pm EDT 		5-day change 1st Jan Change
36.65 USD -1.24% Intraday chart for Truist Financial Corporation -2.91% -0.73%
Jun. 03 Janney Adjusts Price Target on Truist Financial to $41.997 From $41.504 MT
May. 30 Transcript : Truist Financial Corporation Presents at Bernstein?s 40th Annual Strategic Decisions Conference, May-30-2024 10:00 AM

Business Summary

Truist Financial Corporation is a financial holding company organized around 2 areas of activity:

- banking activities (Branch Banking and Trust Company): sale of standard and specialized banking products and services (factoring, leasing, insurance, consumer credit, real estate credit, etc.). At the end of 2020, products and services were marketed through a network of 2,781 branches located in the United States;

- financial services: primarily asset management, auto financing, brokerage services, and securities services.

At the end of 2020, the group had USD 363.3 billion in current deposits and USD 314.5 billion in current credits.

Number of employees: 49,935

Sales per Business

USD in Million2022Weight2023Weight Delta
Consumer Banking and Wealth
60.3 %
13,503 58.6 % 14,105 60.3 % +4.46%
Corporate and Commercial Banking
39.0 %
8,734 37.9 % 9,115 39.0 % +4.36%
Insurance Holdings
13.5 %
3,236 14.0 % 3,157 13.5 % -2.44%
Other, Treasury & Corporate
-12.8 %
-2,438 -10.6 % -2,987 -12.8 % +22.52%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
23,035 100.0 % 23,390 100.0 % +1.54%

Managers

Managers TitleAgeSince
Bill Rogers CEO
 Chief Executive Officer 66 19-12-05
Michael Maguire DFI
 Director of Finance/CFO - 21-09-20
Scott Case CTO
 Chief Tech/Sci/R&D Officer 53 -
Hugh Cummins COO
 Chief Operating Officer 61 21-08-31
Ankur Vyas IRC
 Investor Relations Contact - 21-06-07
J. Christopher Ward PRN
 Corporate Officer/Principal - 22-07-31
Fadie Itayem TRE
 Treasurer - 19-11-30
Amy Collins HRO
 Human Resources Officer - 21-08-31
Lissa Miller PRN
 Corporate Officer/Principal - -
Kimberly Moore-Wright HRO
 Human Resources Officer - 18-12-31

Members of the board

Members of the board TitleAgeSince
Bruce Tanner BRD
 Director/Board Member 65 18-12-31
Thomas Skains BRD
 Director/Board Member 67 08-12-31
Steven Voorhees BRD
 Director/Board Member 69 19-12-05
Donna Morea BRD
 Director/Board Member 69 19-12-05
Bill Rogers CEO
 Chief Executive Officer 66 19-12-05
Jennifer Banner BRD
 Director/Board Member 64 02-12-31
Linnie Haynesworth BRD
 Director/Board Member 66 19-12-05
Patrick Graney BRD
 Director/Board Member 70 17-12-31
Agnes Scanlan BRD
 Director/Board Member 66 19-12-05
Charles Patton BRD
 Director/Board Member 67 12-12-31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,338,096,000 1,334,474,091 ( 99.73 %) 0 99.73 %
Stock B 0 223,000,000 0 0

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
8.735 %
116,571,574 8.735 % 4 426 M $
BlackRock Advisors LLC
5.872 %
78,361,930 5.872 % 2 975 M $
STATE STREET CORPORATION
4.442 %
59,286,547 4.442 % 2 251 M $
Dodge & Cox
3.892 %
51,941,210 3.892 % 1 972 M $
Merrill Lynch International
3.067 %
40,932,712 3.067 % 1 554 M $
JPMorgan Investment Management, Inc.
2.653 %
35,401,933 2.653 % 1 344 M $
Geode Capital Management LLC
1.978 %
26,402,805 1.978 % 1 003 M $
CPR Asset Management SA
1.953 %
26,061,467 1.953 % 990 M $
Cramer Rosenthal McGlynn LLC
1.468 %
19,596,532 1.468 % 744 M $
Eaton Vance Management
1.452 %
19,371,811 1.452 % 736 M $
NameEquities%Valuation
PNC Investments LLC
5.952 %
1,368,879 5.952 % 31 M $
WhaleRock Point Partners LLC
0.1043 %
24,000 0.1043 % 540 240 $
Fubon Asset Management Co., Ltd.
0.0932 %
21,442 0.0932 % 482 659 $
BlackRock Institutional Trust Co. NA
0.0692 %
15,911 0.0692 % 358 157 $
Thomas Thompson
0.0435 %
10,000 0.0435 % 225 100 $
Thompson Investment Management, Inc.
0.008696 %
2,000 0.008696 % 45 020 $
NameEquities%Valuation
Fubon Asset Management Co., Ltd.
0.0938 %
34,715 0.0938 % 700 896 $
BlackRock Institutional Trust Co. NA
0.0686 %
25,398 0.0686 % 512 786 $
Ethos Financial Group LLC
0.0567 %
20,971 0.0567 % 423 404 $
Manulife Investment Management (Taiwan) Co., Ltd.
0.0271 %
10,014 0.0271 % 202 183 $
Innovative Portfolios LLC
0.0166 %
6,132 0.0166 % 123 805 $
Thomas Thompson
0.0162 %
6,000 0.0162 % 121 140 $
United Community Bank (Blairsville, Georgia)
0.001622 %
600 0.001622 % 12 114 $
Boyd Watterson Asset Management LLC
0.000338 %
125 0.000338 % 2 524 $
Financial Gravity Asset Management, Inc.
0.000208 %
77 0.000208 % 1 555 $
NameEquities%Valuation
DoubleLine Capital LP
-
0 - - $
Fideuram Asset Management (Ireland) DAC
-
0 - - $
Robert W. Baird & Co., Inc. (Fixed Income)
-
0 - - $
Cavanal Hill Investment Management, Inc.
-
0 - - $
Flaherty & Crumrine, Inc.
-
0 - - $
NameEquities%Valuation
DoubleLine Capital LP
-
0 - - $
PIMCO Europe Ltd.
-
0 - - $
NameEquities%Valuation
PIMCO Europe Ltd.
-
5,600,000 - 5 M $
Flaherty & Crumrine, Inc.
-
3,885,000 - 4 M $
Virtus Fixed Income Advisers LLC
-
3,175,000 - 3 M $
DoubleLine Capital LP
-
1,655,000 - 2 M $
Curasset Capital Management LLC
-
500,000 - 457 170 $
National Investment Services of America LLC
-
25,000 - 22 859 $
NameEquities%Valuation
Delta Capital Management LLC (New Jersey)
0.2905 %
20,045 0.2905 % 427 359 $

Holdings

NameEquities%Valuation
PLANT HEALTH CARE PLC
0.00%
 6,034 0.00% 288 $

Company contact information

Truist Financial Corp.

214 North Tryon Street

28202, Charlotte

+336 733 2000

http://www.truist.com
address Truist Financial Corporation(TFC)

Group companies

NameCategory and Sector
Farmer Automatic of America, Inc.
Logo Farmer Automatic of America, Inc.

Farmer Automatic of America, Inc.

Agricultural Commodities/MillingProcess Industries

Farmer Automatic of America, Inc. engages in the farming of poultry. The private company is located in the US.

Agricultural Commodities/Milling
Sterling Capital Management LLC
Logo Sterling Capital Management LLC

Sterling Capital Management LLC

Investment ManagersFinance

Sterling Capital Management LLC (Sterling) is a SEC-registered investment advisor headquartered in Charlotte, North Carolina. The firm was founded by George de Garmo in 1970 and is an independently operated subsidiary of Truist Financial Corp. (NYSE: TFC). Sterling provides investment management services to a diverse group of clients ranging from retail to corporations and non-profits.

Investment Managers
Sunrise Boat Marina, Inc.
Logo Sunrise Boat Marina, Inc.

Sunrise Boat Marina, Inc.

Food RetailRetail Trade

Part of Truist Financial Corp., Sunrise Boat Marina, Inc. is a deep sea fishing party boat company. Located in Cape Canaveral, FL, the company offers a 65 ’ party fishing boat, the Ocean Obsession II, which goes deep sea fishing 7 days a week. In addition to fishing charters, Sunrise Boat Marina also provides fishing tackle, live and fresh bait, gifts and decor, apparel and sunglasses, dry boat storage and fuel. Obsession Fishing Charters, which is part of Sunrise Boat Marina, was established in 1986 and expanded in 1992.

Food Retail
Truist Securities, Inc.
Logo Truist Securities, Inc.

Truist Securities, Inc.

Investment Banks/BrokersFinance

Truist Securities, Inc. is a registered broker-dealer headquartered in Atlanta, Georgia. The firm was founded in 1894 as SunTrust Robinson Humphrey, Inc. In 2020, the firm was renamed following the integration of SunTrust Robinson Humphrey and BB&T Capital Markets. The firm is a subsidiary of Truist Financial Corp. (NYSE: TFC) and is an active market maker in equity and fixed-income products. Truist Securities delivers a comprehensive range of strategic advisory, capital raising, risk management, and financing solutions, as well as a dynamic suite of sales, trading, and research services in both fixed-income and equity. Their strategies are carefully tailored to meet the needs and vision of their clients.

Investment Banks/Brokers

Sector

Financials
Banking & Investment Services
Banking Services
Banks
Other Banks

Sales per Business

Ratings for Truist Financial Corporation

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
36.65 USD
Average target price
43.13 USD
Spread / Average Target
+17.69%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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