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Morgan Stanley Reiterates Trust Financial (TFC) Equal Weight Recommendation

Fintel reports that on July 7, 2023, Morgan Stanley will repeated Trust Financial reporting (New York Stock Exchange: TFC) with equal weight recommendation.

Analyst Price Forecast Suggests 22.22% Gain

One-year average as of July 6, 2023 target price 38.96 for Trust Financial. Expectations range from lows of $29.29 to highs of $52.50. The average target price is up 22.22% from the latest reported closing price of 31.88.

see our corporate leaderboard The target price has the most upside potential.

Truist Financial’s annual revenue is expected to increase by 13.38% to ¥25,440 million.Non-GAAP Annual Forecast EPS is 5.26.

What is Fund Sentiment?

there is 2,291 foundations or institutions reported positions At Trust Financial. That’s down 60 owners or 2.55% from the last quarter.Portfolio average weight out of all funds TFC dedicated was 0.39%, an increase of 4.03%. Total shares owned by institutional investors fell by 3.43% to 1,116,704,000 shares over the past three months. of put/call ratio The TFC value is 0.67, indicating a bullish outlook.

What are other shareholders doing?

TFC/Trust Financial Corporation Shares Held by Institutional Investors

JP Morgan Chase owns 41,690,000 shares, representing 3.13% of the company. Earlier filings reported that the company owned 61,034,000 shares. Decrease 46.40%.office Diminished Portfolio allocation to TFC increased 49.98% QoQ.

VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 41,083,000 shares, representing 3.08% of the company. Earlier filings reported that the company owned 40,338,000 shares. will increase 1.81%.office Diminished Portfolio allocation to TFC increased 25.47% QoQ.

bank of america owns 32,713,000 shares, representing 2.46% of the company. Earlier filings reported that the company owned 36,817,000 shares. Decrease 12.55%.office Diminished Portfolio allocation to TFC increased 36.50% quarter-on-quarter.

VFINX – Vanguard 500 Index Fund Investor Stock holds 30,960,000 shares representing a 2.32% ownership interest in the company. Earlier filings reported that the company owned 30,671,000 shares. will increase 0.93%.office Diminished Portfolio allocation to TFC increased by 25.82% QoQ.

Amundi holds 25,926,000 shares representing 1.95% ownership of the company. Earlier filings reported that the company owned 18,283,000 shares. will increase 29.48%.office Diminished Portfolio allocation to TFC increased 93.90% quarter-on-quarter.

Financial Background Information for the Trust
(This description was provided by us.)

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Founded from the historic merger of equals between BB&T and SunTrust, Truist holds top shares in many of the country’s high-growth markets. The company offers a wide range of services including retail, small business and commercial banking. Asset Management; Capital Markets; Commercial Real Estate; Corporate and Institutional Banking. Insurance; Mortgages; Payments. professional financing. and asset management. Headquartered in Charlotte, North Carolina, Truist Bank is the sixth largest commercial bank in the United States with total assets of $509 billion as of December 31, 2020. Member of Trust Bank, FDIC.

Additional resources:

This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

Summarize this content to 100 words

Fintel reports that on July 7, 2023, Morgan Stanley will repeated Trust Financial reporting (New York Stock Exchange: TFC) with equal weight recommendation. Analyst Price Forecast Suggests 22.22% Gain One-year average as of July 6, 2023 target price 38.96 for Trust Financial. Expectations range from lows of $29.29 to highs of $52.50. The average target price is up 22.22% from the latest reported closing price of 31.88.

see our corporate leaderboard The target price has the most upside potential. Truist Financial’s annual revenue is expected to increase by 13.38% to ¥25,440 million.Non-GAAP Annual Forecast EPS is 5.26. What is Fund Sentiment? there is 2,291 foundations or institutions reported positions At Trust Financial. That’s down 60 owners or 2.55% from the last quarter.Portfolio average weight out of all funds TFC dedicated was 0.39%, an increase of 4.03%. Total shares owned by institutional investors fell by 3.43% to 1,116,704,000 shares over the past three months. of put/call ratio The TFC value is 0.67, indicating a bullish outlook. What are other shareholders doing? JP Morgan Chase owns 41,690,000 shares, representing 3.13% of the company. Earlier filings reported that the company owned 61,034,000 shares. Decrease 46.40%.office Diminished Portfolio allocation to TFC increased 49.98% QoQ. VTSMX – Vanguard Total Stock Market Index Fund Investor Stocks owns 41,083,000 shares, representing 3.08% of the company. Earlier filings reported that the company owned 40,338,000 shares. will increase 1.81%.office Diminished Portfolio allocation to TFC increased 25.47% QoQ.

bank of america owns 32,713,000 shares, representing 2.46% of the company. Earlier filings reported that the company owned 36,817,000 shares. Decrease 12.55%.office Diminished Portfolio allocation to TFC increased 36.50% quarter-on-quarter. VFINX – Vanguard 500 Index Fund Investor Stock holds 30,960,000 shares representing a 2.32% ownership interest in the company. Earlier filings reported that the company owned 30,671,000 shares. will increase 0.93%.office Diminished Portfolio allocation to TFC increased by 25.82% QoQ. Amundi holds 25,926,000 shares representing 1.95% ownership of the company. Earlier filings reported that the company owned 18,283,000 shares. will increase 29.48%.office Diminished Portfolio allocation to TFC increased 93.90% quarter-on-quarter. Financial Background Information for the Trust(This description was provided by us.) Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Founded from the historic merger of equals between BB&T and SunTrust, Truist holds top shares in many of the country’s high-growth markets. The company offers a wide range of services including retail, small business and commercial banking. Asset Management; Capital Markets; Commercial Real Estate; Corporate and Institutional Banking. Insurance; Mortgages; Payments. professional financing. and asset management. Headquartered in Charlotte, North Carolina, Truist Bank is the sixth largest commercial bank in the United States with total assets of $509 billion as of December 31, 2020. Member of Trust Bank, FDIC.

Additional resources: This story was originally Fintel.

The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.

https://www.nasdaq.com/articles/morgan-stanley-reiterates-truist-financial-tfc-equal-weight-recommendation Morgan Stanley Reiterates Trust Financial (TFC) Equal Weight Recommendation

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