Truist Financial Corporation's stock price stands at $51.39, marking a 0.312% increase from the previous close of $51.23. The trading volume today is $2.59 million, 26.73% higher than the average. The asset displays resilience amidst market fluctuations, with a positive price change.
In the latest earnings report on Thursday, April 16th, Truist Financial Corporation exceeded the consensus estimate EPS. The company continues to perform well in generating earnings, showcasing stability and growth potential.
Truist Financial Corporation offers a forward dividend yield of 4.05%, with a dividend per share of 52 cents both on a quarterly and trailing twelve months basis. This consistent dividend payout reflects the company's financial strength and commitment to shareholders.
The company's free cash flow stands at $2.58 billion, with significant debt repayment of $1.28 billion. Truist Financial Corporation maintains a healthy cash position, ending the period with $36.38 billion in cash, supporting its operations and growth strategies.
Truist Financial Corporation reports a solid revenue of $7.41 billion, leading to a gross profit of $4.67 billion. The company's net income stands at $1.48 billion, with an earnings per share of $1.1. Truist Financial Corporation demonstrates profitability and operational efficiency.
Key financial ratios indicate Truist Financial Corporation's strong performance, with a net profit margin of 20% and a return on equity of 2.31%. The company maintains a healthy balance sheet with a debt equity ratio of 107.55, showcasing prudent financial management.
Truist Financial Corporation maintains a robust financial position, with total assets of $548.98 billion and total debt of $69 billion. The company's strong asset base and manageable debt levels position it well for sustained growth and value creation.
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; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, 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 and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and 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 investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. 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.