What's Going On With Truist Financial Stock?

Truist Financial Corporation TFC shares are trading higher Tuesday, though the stock remains down by nearly 2% over the last month. 

What To Know:

Shares of TFC are moving higher on above-average trading volume Tueday. According to data from Benzinga Pro, more than 6.2 million shares have been traded in the session, compared to the stock's 100-day average of 10.211 million shares.

Last week two analysts lowered their price targets on Truist Financial's stock: 

• Raymond James analyst Michael Rose maintained Truist Financial with a rating of  Outperform and lowered the price target from $36 to $34.
• Morgan Stanley analyst Betsy Graseck maintained Truist Financial with an Equal-Weight and lowered the price target from $41 to $40.

The company is set to release its third-quarter financial reports on Oct. 19. According to estimates from Benzinga Pro, Truist Financial is expected to announce earnings of 82 cents per share and quarterly revenue of $5.68 billion. 

Truist Financial Corporation is a regional bank resulting from the combination of BB&T and SunTrust banks and based primarily in the southeastern United States.

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TFC Price Action: According to Benzinga Pro, Truist Financial shares are up 6.7% at $29.28 at the time of publication.

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