Truist Financial Corporation
TFC
Market Cap$59.04B
Close$
Earnings Call Q2 2024
July 22, 2024 - AI Summary
Truist reported adjusted net income available to common shareholders of $1.2 billion or $0.91 per share for the second quarter, excluding certain items.
The company completed the sale of its remaining stake in Truist Insurance Holdings, generating significant capital and creating capacity for growth in core banking businesses.
Truist plans to repurchase up to $5 billion of its common stock through the end of 2026, with initial quarterly repurchases of approximately $500 million.
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$53.03
27.3% upside
Current Fair Value
27.3% upsideUndervalued by 27.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $59.04 Billion |
|---|---|
| Enterprise Value | $121.67 Billion |
| Dividend Yield | $2.0359 (4.61%) |
| Earnings per Share | $-1.33 |
| Beta | 1.21 |
| Outstanding Shares | 1,338,096,145 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | -33.34 |
|---|---|
| PEG | 107.48 |
| Price to Sales | 2.6 |
| Price to Book Ratio | 0.89 |
| Enterprise Value to Revenue | 5.42 |
| Enterprise Value to EBIT | 22.38 |
| Enterprise Value to Net Income | -68 |
| Total Debt to Enterprise | 0.47 |
| Debt to Equity | 0.9 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Truist Financial Corporation
53,638 employees