With 8.22 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.46 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $37.875 whereas the lowest price it dropped to was $36.745. The 52-week range on TFC shows that it touched its highest point at $40.51 and its lowest point at $26.57 during that stretch. It currently has a 1-year price target of $43.05. With its current market cap of 50.63 billion, TFC has annualized dividend of $2.08 while the current yield stands at 5.50%. Beta for the stock currently stands at 1.05.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TFC was up-trending over the past week, with a rise of 3.30%, but this was up by 0.24% over a month. Three-month performance dropped to -1.94% while six-month performance rose 1.97%. The stock gained 24.11% in the past year, while it has gained 2.49% so far this year. A look at the trailing 12-month EPS for TFC yields -1.34 with Next year EPS estimates of 3.96. For the next quarter, that number is 0.63. This implies an EPS growth rate of 397.67% for this year and 23.04% for next year.
Float and Shares Shorts:
At present, 1.34 billion TFC shares are outstanding with a float of 1.33 billion shares on hand for trading. On 2024-06-14, short shares totaled 13.94 million, which was 104.0 higher than short shares on 1715731200. In addition to Mr. William Henry Rogers Jr. as the firm’s Executive Chairman & CEO, Mr. Michael Baron Maguire serves as its Senior EVP & CFO.
Institutional Ownership:
Through their ownership of 0.72626996 of TFC’s outstanding shares, institutional investors have minority control over the company.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TFC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
