Truist Financial’s Guidance Falls Short, Stock Drops 1.1%
January 5, 2023
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Truist Financial Intrinsic Value – TRUIST FINANCIAL ($NYSE:TFC) is an American bank holding company and financial services provider. Analysts had expected the company to report earnings per share of .08, but Citi’s Keith Horowitz anticipates Truist Financial’s guidance could fall short of this consensus due to net interest income and expense headwinds. Consequently, in Wednesday premarket trading, the bank’s stock declined by 1.1%. The potential shortfall in earnings is a concern for investors, as it could indicate that TRUIST FINANCIAL is not meeting expectations. In addition to lower-than-expected earnings guidance, TRUIST FINANCIAL also reported a decrease in net interest margin and fee income. This contributed to the stock’s decline in premarket trading.
However, despite the disappointing results, analysts remain optimistic about the company’s long-term outlook. TRUIST FINANCIAL is working to reduce its costs and improve its customer service experience. These initiatives could help the company to remain competitive in an increasingly challenging banking environment.
Additionally, the bank is focusing on digital transformation, which should help to boost its efficiency and customer service levels. Overall, while TRUIST FINANCIAL’s guidance fell short of expectations and the stock dropped 1.1% in premarket trading, analysts remain confident that the company can turn things around. With its focus on cost reduction and digital transformation, TRUIST FINANCIAL could be well-positioned for future success.
Price History
Truist Financial‘s stock took a dip of 1.1% on Wednesday, closing at $44.8, as the company’s guidance fell short of expectations. The opening price of the stock was $44.1, up 2.8% from the previous closing price of 43.6. The current media exposure for TRUIST FINANCIAL is mostly negative and the guidance that was offered did not meet the expectations of investors. The stock dip has been attributed to the lack of confidence in the company’s performance. The market was expecting the company to do better, as it has been performing strongly in recent quarters.
However, the company’s guidance did not live up to the expectations and led to a decrease in the stock price. TRUIST FINANCIAL has been trying to boost its performance by introducing new products and services, but the market hasn’t responded positively to these efforts yet. The company is also focusing on expanding its customer base and increasing its distribution network, which is expected to improve its performance in the future. TRUIST FINANCIAL is facing strong competition from other financial institutions and this could put pressure on its stock performance. The company will have to focus on improving its performance and providing better guidance in order to restore investor confidence in its stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Truist Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 5.84k | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Truist Financial. More…
| Operations | Investing | Financing |
| 7.89k | -32.06k | 25.59k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Truist Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 548.44k | 487.63k | – |
Key Ratios Snapshot
Some of the financial key ratios for Truist Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.4% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis – Truist Financial Intrinsic Value Calculator
TRUIST FINANCIAL is a company providing financial services. VI app simplifies the analysis of its fundamentals to give an indication of its long term potential. According to the analysis, the intrinsic value of TRUIST FINANCIAL share is around $52.7. Currently, TRUIST FINANCIAL stock is traded at $44.8, indicating that it is undervalued by 15% compared to its intrinsic value. TRUIST FINANCIAL offers financial services such as banking, investing, insurance, and lending. It offers a wide range of products and services designed to meet customers’ financial needs. The company has been providing quality financial services for years, making it a reliable choice for customers. It has a strong presence in the market and is well-positioned to capitalize on future opportunities. TRUIST FINANCIAL has a strong balance sheet and solid financial performance. Its assets are greater than its liabilities and have grown steadily over the years. The company has a strong cash position and is able to pay its debt obligations on time. Additionally, its profits have grown steadily and its EPS has exceeded that of its competitors. Its stock is currently undervalued by 15% compared to its intrinsic value, making it an attractive option for investors looking for long term gains. More…
VI Peers
Truist Financial Corp is a large financial institution that offers a variety of banking and financial services to its customers. Its competitors include Public Bank Bhd, Bandhan Bank Ltd, and Bank of Georgia Group PLC.
– Public Bank Bhd ($KLSE:1295)
Public Bank Bhd is a Malaysian bank holding company. It was founded in 1966 and is headquartered in Kuala Lumpur. The company provides banking and financial services to individuals, businesses, and governments in Malaysia, Singapore, Cambodia, and Vietnam. Public Bank Bhd has a market cap of 84.24B as of 2022. The company’s main business activities are deposit-taking, loan and financing, foreign exchange, money market and treasury operations, and other related services.
– Bandhan Bank Ltd ($BSE:541153)
Bandhan Bank Ltd is an Indian banking and financial services company headquartered in Kolkata, West Bengal. It was founded in 2001 by Chandra Shekhar Ghosh. As of March 2019, the bank had 9,421 branches and 13,958 ATMs across 2,764 cities in India. Bandhan Bank offers banking products and services including savings and deposit accounts, loans, debit and credit cards, money transfer, and insurance. The bank had a market capitalization of 432.67 billion as of March 2019.
– Bank of Georgia Group PLC ($LSE:BGEO)
Bank of Georgia Group PLC is a leading banking group in Georgia, offering a wide range of banking and financial services to individuals, businesses and corporate clients. The Group has a significant market share in deposits, loans, credit cards and other key banking indicators. It is also the largest non-bank financial institution in the country. The Group employs around 4,000 people and serves over 1.5 million customers through a network of 97 branches and 202 ATMs across Georgia.
Summary
Truist Financial recently released their quarterly guidance and the results fell short of analysts’ expectations. The announcement caused their stock to drop 1.1%, indicating investor uncertainty in the company’s future. Currently, most media exposure surrounding the company is negative, making it difficult to make an informed investment decision. Investors should research Truist Financial thoroughly before making a decision to invest, as there are risks associated with the company.
It is important to consider the company’s fundamentals, financials, and overall outlook before investing. Doing so will help to ensure that the investment decision is well informed and based on a solid understanding of the company.
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