What is Zacks Research’s Forecast for TFC Q3 Earnings?

Truist Financial Corporation (NYSE:TFC) – Zacks Research boosted their Q3 2026 earnings estimates for shares of Truist Financial in a report released on Wednesday, December 3rd. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $1.11 for the quarter, up from their prior estimate of $1.10. The consensus estimate for Truist Financial’s current full-year earnings is $4.00 per share. Zacks Research also issued estimates for Truist Financial’s Q4 2026 earnings at $1.21 EPS, FY2026 earnings at $4.41 EPS and FY2027 earnings at $4.81 EPS.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “buy (b-)” rating on shares of Truist Financial in a research report on Monday, December 1st. Evercore ISI increased their price target on shares of Truist Financial from $48.00 to $50.00 and gave the stock an “in-line” rating in a research report on Tuesday, September 30th. Raymond James Financial restated an “outperform” rating on shares of Truist Financial in a report on Tuesday, October 7th. Morgan Stanley upped their price objective on shares of Truist Financial from $54.00 to $55.00 and gave the company an “equal weight” rating in a research note on Monday, October 20th. Finally, TD Cowen upgraded shares of Truist Financial from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.00.

Truist Financial Stock Performance

Shares of TFC stock opened at $47.54 on Monday. The company has a market capitalization of $60.81 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 1.03 and a beta of 0.90. Truist Financial has a 1-year low of $33.56 and a 1-year high of $48.53. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70. The stock’s fifty day simple moving average is $44.79 and its 200-day simple moving average is $44.03.

Truist Financial (NYSE:TFC) last announced its earnings results on Friday, October 17th. The insurance provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The company had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.20 billion. Truist Financial had a net margin of 16.84% and a return on equity of 8.73%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.97 EPS.

Truist Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Friday, November 14th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Friday, November 14th. Truist Financial’s payout ratio is currently 55.91%.

Insider Activity at Truist Financial

In other news, Director K. David Jr. Boyer sold 5,160 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $46.45, for a total transaction of $239,682.00. Following the transaction, the director owned 10,153 shares in the company, valued at $471,606.85. This represents a 33.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Truist Financial

A number of large investors have recently bought and sold shares of the business. First Hawaiian Bank lifted its position in shares of Truist Financial by 8.6% during the 1st quarter. First Hawaiian Bank now owns 11,991 shares of the insurance provider’s stock worth $493,000 after purchasing an additional 948 shares during the last quarter. Credit Agricole S A grew its holdings in Truist Financial by 76.4% in the 1st quarter. Credit Agricole S A now owns 500,384 shares of the insurance provider’s stock valued at $20,591,000 after buying an additional 216,672 shares during the last quarter. Inspire Trust Co. N.A. increased its position in Truist Financial by 9.8% in the 1st quarter. Inspire Trust Co. N.A. now owns 90,000 shares of the insurance provider’s stock worth $3,704,000 after buying an additional 8,000 shares during the period. Aigen Investment Management LP acquired a new position in shares of Truist Financial during the first quarter worth approximately $2,435,000. Finally, Public Sector Pension Investment Board lifted its holdings in shares of Truist Financial by 2.2% during the first quarter. Public Sector Pension Investment Board now owns 351,885 shares of the insurance provider’s stock worth $14,480,000 after buying an additional 7,408 shares during the last quarter. 71.28% of the stock is currently owned by institutional investors.

About Truist Financial

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.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.