Truist Financial Corporation (NYSE:TFC) is one of the The best undervalued stocks to buy for under $50.. Truist Financial Corporation (NYSE:TFC) received a rating upgrade from Barclays analyst Jason Goldberg, who maintained a Hold rating on the stock and set a $47 price target.
However, Truist Financial Corporation (NYSE:TFC) was upgraded to Buy from Hold at TD Cowen on October 21, and the firm raised the price target to $55 from $48.
The rating upgrades came after Truist Financial Corporation (NYSE:TFC) reported its fiscal third-quarter 2025 earnings on Oct. 17, with net income available to common shareholders reaching $1.3 billion, or $1.04 per diluted share. Taxable equivalent net interest income for the quarter increased 1.2%, or $45 million, compared to fiscal second quarter 2025, primarily attributed to an additional day in fiscal third quarter 2025, revaluation of fixed rate assets and loan growth.
The company also reported that total revenue for the quarter increased 4% and average loan balance increased 2.5% due to broad-based growth in the consumer and wholesale segments, driven by an increase in new customer acquisition and loan production.
Truist Financial Corporation (NYSE:TFC) is a financial holding company that provides banking services to businesses, individuals and municipalities. The company operates through the following segments: Consumer and Wealth Banking, Corporate and Commercial Banking, and Others, Treasury and Corporate.
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Disclosure: None. This article was originally published in Internal jumpsuit.