Wells Fargo Keeps Their Hold Rating on Truist Financial (TFC)
In a report released today, Mike Mayo from Wells Fargo maintained a Hold rating on Truist Financial, with a price target of $55.00.
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According to TipRanks, Mayo is a 5-star analyst with an average return of 15.6% and a 68.63% success rate. Mayo covers the Financial sector, focusing on stocks such as JPMorgan Chase, Bank of New York Mellon, and Citigroup.
In addition to Wells Fargo, Truist Financial also received a Hold from TipRanks – Anthropic’s Anthropic Banks – Regional in a report issued today. However, on the same day, TipRanks – DeepSeek upgraded Truist Financial (NYSE: TFC) to a Buy.
Based on Truist Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.66 billion and a net profit of $1.35 billion. In comparison, last year the company earned a revenue of $7.65 billion and had a net profit of $1.28 billion
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TFC in relation to earlier this year. Last month, Cynthia B. Powell, the Corp. Controller & CAO of TFC sold 3,500.00 shares for a total of $183,715.00.
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