Charlotte, North Carolina-based Truist Financial Corporation (TFC) is a financial services company that provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company has a market cap of $58.5 billion and operates through two segments: Consumer and Small Business Banking and Wholesale Banking.
TFC stock has rallied the broader market over the past year, surging 12.4% compared to the S&P 500 Index’s ($SPX) 10.3% surge. However, in 2026, the stock has risen by nearly 2%, underperforming the SPX’s 10.2% gain.
Zooming in further, the State Street Financial Select Sector SPDR ETF (XLF) has risen 9.9% over the past year, lagging behind the stock. In 2026, XLF has grown 5.1% and has outpaced the stock.
On Oct. 17, TFC stock declined 1.6% following the release of its worse-than-expected Q3 2026 earnings. The company’s revenue for the quarter rose 1.2% from the prior year’s period to $5.3 billion, but failed to surpass the Street’s estimates. Additionally, its net interest income and its net interest margin both remained flat YoY and came in line with Wall Street’s forecasts. TFC’s adjusted EPS amounted to $1.16 and failed to surpass the consensus estimates.
For the current year, which ends in December, analysts expect TFC’s EPS to rise 19.2% to $4.71 on a diluted basis. The company surpassed the consensus estimate in three of the last four quarters, while missing on one occasion.
Among 22 Wall Street analysts covering TFC stock, the consensus is a “Hold.” That’s based on four “Strong Buy” ratings, one “Moderate Buy,” 14 “Holds,” one “Moderate Sell,” and two “Strong Sells.”
The configuration has remained more or less unchanged over the past months.
On Oct. 31, J.P. Morgan analyst Vivek Juneja maintained a “Sell” rating on Truist Financial and set a price target of $51.50.
TFC’s mean price target of $52.99 offers a 5.6% upside compared to the current market price. Its Street-high target of $61 implies a robust 21.6% upside from current levels.
On the date of publication, Aritra Gangopadhyay did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.