Lower NII & Fee Income to Hurt Truist's (TFC) Q1 Earnings [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
Check Earnings Report
Company Research
Source: Yahoo! Finance
The overall lending scenario was decent in the quarter on the back of some certainty in the macroeconomic backdrop. Per the Federal Reserve's latest data, demand for commercial and industrial (C&I) loans (accounting for roughly 50% of TFC's total loans and leases held for investment) was weak in the first quarter, while consumer loan (almost 40% of total loans and leases held for investment) demand was decent. We project total loans of $312.5 billion for the first quarter, indicating a 5.3% fall from the prior-year quarter. The Zacks Consensus Estimate for TFC's average earning assets is pegged at $476.7 billion, suggesting a 4.5% fall from the prior-year quarter's reported figure. While interest rates remained high in the first quarter, higher funding costs are expected to have put pressure on TFC's net interest margin (NIM) and net interest income (NII) growth. The consensus estimate for NII (FTE) is pegged at $3.48 billion, which implies an 11.3% year-over-year decline. O
Show less
Read more
Impact Snapshot
Event Time:
TFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TFC alerts
High impacting Truist Financial Corporation news events
Weekly update
A roundup of the hottest topics
TFC
News
- Truist Financial Co. (NYSE: TFC) had its price target raised by analysts at JPMorgan Chase & Co. from $39.50 to $40.50. They now have a "neutral" rating on the stock.MarketBeat
- Truist survey shows small business owners focused on short-term challenges at the expense of long-term planning [Yahoo! Finance]Yahoo! Finance
- Truist survey shows small business owners focused on short-term challenges at the expense of long-term planningPR Newswire
- Truist launches "Truist Life, Money, and Choices™" financial education program for high school and college students [Yahoo! Finance]Yahoo! Finance
- Truist launches "Truist Life, Money, and Choices™" financial education program for high school and college studentsPR Newswire
TFC
Earnings
- 4/22/24 - Beat
TFC
Sec Filings
- 4/29/24 - Form 4
- 4/26/24 - Form 8-K
- 4/25/24 - Form 4
- TFC's page on the SEC website