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-0.000395922003365258 0 -0.00277145402355737 -0.000890824507571901 0.000791844006730657 -0.000296941502524014 0.00108878550925467 0.00108878550925467
Stock impact report

Truist sets higher profit target, says momentum is growing [Yahoo! Finance]

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
What's at stake: The bank's new long-term target for return on tangible common equity, which measures banks' overall financial performance, puts it more in line with some of its regional peers. Forward look: Truist revised its share buyback plans for this year, saying it now expects to repurchase $5 billion of common shares this year, up from the $4 billion it projected in January. UPDATE : This article has been updated to include information from Truist's first-quarter earnings call and remarks from an analyst's note. Truist Financial established a new, higher profitability target Friday, citing the strength of its performance and confidence in management's ability to achieve the company's strategic priorities. The $549 billion-asset regional bank said it would aim to achieve a return on tangible common equity of 16% to 18% over the next three to five years. Truist's higher target is in line with the profitability goals at other regional banks, such as U.S. Bancorp and Citiz Show less Read more
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