What's Going On With Truist Financial Stock?
Portfolio Pulse from Erica Kollmann
Truist Financial Corporation (TFC) shares are trading higher on above-average volume, despite being down nearly 2% over the last month. Last week, analysts from Raymond James and Morgan Stanley lowered their price targets on TFC. The company is expected to announce Q3 earnings of 82 cents per share and quarterly revenue of $5.68 billion on Oct. 19.
October 10, 2023 | 3:08 pm
News sentiment analysis
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Truist Financial Corporation's stock is trading higher despite a recent drop and lowered price targets from analysts. The upcoming Q3 earnings announcement could influence the stock's performance.
TFC's stock is trading higher on above-average volume, indicating increased investor interest. However, the stock has been down over the last month and analysts have lowered their price targets, which could negatively impact investor sentiment. The upcoming Q3 earnings announcement is a significant event that could either boost or depress the stock, depending on whether the results meet, exceed, or fall short of expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100