Truist is one of the larger regional banks in the US and its presence is largely concentrated in the east and southeast. Truist has many of the typical offerings of a bank, including retail and commercial banking, however, it also has some more unique parts as well, including a sizable investment banking unit, wealth and advisory services, and its LightStream digital lending platform.
Valuations are not demanding for the banks in the current environment, and especially not for Truist. It shouldn't take much to unlock some upside.
There are few positive catalysts left for the banks. Funding costs are running higher, net interest income has likely peaked, higher regulatory scrutiny is likely, and a potential recession may be around the corner.
|
Metric
|
TFC
|
PNC
|
RF
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.89 | 11.30 | 9.29 |
Price/Book Value | 0.98 | 1.18 | 1.13 |
Price/Sales | 2.31 | 2.90 | 2.41 |
Price/Cash Flow | 6.41 | 8.23 | 6.20 |
|
Metric
|
TFC
|
PNC
|
RF
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
|
Metric
|
TFC
|
PNC
|
RF
|
|---|---|---|---|
Return on Assets (Normalized) | 0.96% | 1.13% | 1.26% |
Return on Equity (Normalized) | 9.72% | 14.50% | 12.85% |
Return on Invested Capital (Normalized) | — | — | — |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
BNPQY
| BNP Paribas ADR | Gnclsgqs | Hdbt | $82.8 Bil | |
ISNPY
| Intesa Sanpaolo ADR | Xnxydbykx | Rby | $71.2 Bil | |
PNC
| PNC Financial Services Group Inc | Xkdhntwf | Rqvjmr | $61.4 Bil | |
USB
| U.S. Bancorp | Kwvnshmlz | Trd | $60.9 Bil | |
ITUB
| Itau Unibanco Holding SA ADR | Nmqsvtn | Qwxb | $55.0 Bil | |
MFG
| Mizuho Financial Group Inc ADR | Bfnmmyb | Vfngr | $50.5 Bil | |
LYG
| Lloyds Banking Group PLC ADR | Vlkzzcnf | Dswhjfs | $43.9 Bil | |
NWG
| NatWest Group PLC ADR | Yqky | Nsbxw | $35.0 Bil | |
DB
| Deutsche Bank AG | Gjdy | Sfxh | $32.9 Bil |
:quality(80)/s3.amazonaws.com/arc-authors/morningstar/75bbf764-3b6f-4f5a-8675-8f9488c74c04.jpg)