With 5.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.17 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $42.245 whereas the lowest price it dropped to was $41.44. The 52-week range on TFC shows that it touched its highest point at $45.31 and its lowest point at $26.57 during that stretch. It currently has a 1-year price target of $46.56. With its current market cap of 56.29 billion, TFC has annualized dividend of $2.08 while the current yield stands at 4.94%. 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 down-trending over the past week, with a drop of -2.95%, but this was up by 7.16% over a month. Three-month performance surged to 6.80% while six-month performance rose 16.83%. The stock gained 29.81% in the past year, while it has gained 13.95% so far this year. A look at the trailing 12-month EPS for TFC yields -1.65 with Next year EPS estimates of 4.05. For the next quarter, that number is 0.91. This implies an EPS growth rate of 399.98% for this year and 25.04% 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 2024-07-15, short shares totaled 14.81 million, which was 111.00000000000001 higher than short shares on 1718323200. 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 0.72394997 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.
