Truist Financial Stock Rises Despite Declining Profit
Truist Financial (TFC) on Monday posted second-quarter profit that fell by a third from last year, but its stock rose as adjusted earnings per share (EPS) beat analysts' expectations.
Truist Financial Corporation (TFC) Q2 2024 Earnings Call Transcript
Truist Financial Corporation (NYSE:TFC ) Q2 2024 Earnings Conference Call July 22, 2024 8:00 PM ET Company Participants Brad Milsaps - Investor Relations William Rogers - Chairman and Chief Executive Officer Mike Maguire - Chief Financial Officer Clarke Starnes - Vice Chair and Chief Risk Officer Conference Call Participants Ryan Nash - Goldman Sachs Ken Usdin - Jefferies Scott Siefers - Piper Sandler Erika Najarian - UBS Betsy Graseck - Morgan Stanley John Pancari - Evercore ISI Mike Mayo - Wells Fargo Securities Ebrahim Poonawala - Bank of America Matt O'Connor - Deutsche Bank Operator Greetings, ladies and gentlemen, and welcome to the Truist Financial Corporation Second Quarter 2024 Earnings Conference Call. Currently, all participants are in a listen-only mode.
Truist Financial (TFC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for Truist Financial (TFC) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Truist (TFC) Q2 Earnings Top on Higher Fee Income, Costs Dip
A rise in fee income, lower adjusted expenses and a decline in provisions support Truist's (TFC) Q2 earnings amid weakness in NII.
Truist Financial Corporation (TFC) Beats Q2 Earnings and Revenue Estimates
Truist Financial Corporation (TFC) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.95 per share a year ago.
Why Truist Financial Stock Is Not A Buy Ahead Of Q2 Earnings
Truist Financial Corporation will report its second-quarter results on Monday, July 22, before the market opens. In this update, I share what I expect from Truist's Q2 results — especially given the solid Q2 report from rival U.S. Bancorp. I take a fresh look at the utilization of the Bank Term Funding Program, under which the Federal Reserve ceased making new loans in March.
Analysts Estimate Truist Financial Corporation (TFC) to Report a Decline in Earnings: What to Look Out for
Truist Financial (TFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Truist (TFC) Declares SCB, Rewards Shareholders With Buyback Plan
Truist's (TFC) board of directors has approved a share repurchase authorization worth $5 billion through 2026, following the clearance of the 2024 stress test.
Truist: Low Expectations And More Flexibility Create Opportunities (Rating Upgrade)
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.
Here's the 1 Stock Billionaire Bond King Bill Gross Says Investors Should Be "Exuberant" About -- and It's Not Nvidia
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.
Truist Financial Corporation (TFC) Bernstein's 40th Annual Strategic Decisions Conference (Transcript)
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's (TFC) Business Restructuring to Aid Amid Cost Woe
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.
