Truist Financial (TFC) Receives a Buy from Bank of America Securities

In a report released yesterday, Ebrahim Poonawala from Bank of America Securities maintained a Buy rating on Truist Financial, with a price target of $56.00.

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According to TipRanks, Poonawala is a 5-star analyst with an average return of 14.2% and a 67.70% success rate. Poonawala covers the Financial sector, focusing on stocks such as US Bancorp, Citigroup, and JPMorgan Chase.

In addition to Bank of America Securities, Truist Financial also received a Buy from TipRanks – DeepSeek’s DeepSeek Banks – Regional in a report issued on April 1. However, on the same day, TipRanks – OpenAI downgraded Truist Financial (NYSE: TFC) to a Hold.

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. Most recently, in February 2026, Cynthia B. Powell, the Corp. Controller & CAO of TFC sold 3,500.00 shares for a total of $183,715.00.