Professional
Added to YB: 2024-02-21
Pitch date: 2024-02-20
TFC [bullish]
Truist Financial Corporation
+54.22%
current return
Author Info
No bio for this author
Company Info
Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.
Market Cap
$59.4B
Pitch Price
$32.35
Price Target
50.00 (+0%)
Dividend
4.61%
EV/EBITDA
N/A
P/E
-152.53
EV/Sales
N/A
Sector
Banks
Category
special_situation
Truist Financial Corporation: Selling Insurance Brokerage That Streamlines Company and Improves Capital
TFC selling 7th largest US insurance brokerage, boosting CET1 ratio to ~12.5%, TBV/share by $7.12 to $29, $4.8B after-tax gain. Merger challenges remain but strong competitive position, $50 FV estimate indicate upside potential. Narrow moat from credit & operating efficiency, deposits, underwriting. Risks: integration, macro conditions. FV based on efficiency, fees, macro. Standard capital allocation. New CEO Rogers to focus on advantaged mega-regional bank strategy.
Read full article (9 min)