About
About Truist Financial Corp
Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through two segments, Consumer and Small Business Banking; and Wholesale Banking. 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; credit card lending; home equity and mortgage lending; other direct retail lending; home mortgage lending; Investment brokerage services; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; and small business lending. In addition, it offers asset-based lending, commercial deposit and treasury services; commercial lending; floor plan lending; derivatives; institutional trust services; insurance premium finance; international banking; investment banking and capital markets services; leasing; merchant services; mortgage warehouse lending; real estate lending; supply chain financing; and wealth management/private banking. 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.
Visit company website
5 years, 4 months ago
Truist Financial Corporation is currently in a long term uptrend where the price is trading 0.2% above its 200 day moving average.
From a valuation standpoint, the stock is 61.4% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.5.
Truist Financial Corporation's total revenue rose by 52.8% to $5B since the same quarter in the previous year.
Its net income has increased by 84.3% to $1B since the same quarter in the previous year.
Finally, its free cash flow grew by 458.8% to $2B since the same quarter in the previous year.
Based on the above factors, Truist Financial Corporation gets an overall score of 5/5.