Truist announced OK third-quarter results, with adjusted earnings per share of $1.16, up 12% year over year, excluding the losses from repositioning available-for-sale securities and the sale of Regional Acceptance Corporation, or RAC, loans.
Truist’s Southeast footprint has attractive growth potential, and the bank is building 100 new branches. If the bank is successful in taking more deposit share, it can improve its funding profile and returns.
The US economy has some pockets of softness. If the economy went into a recession, Truist would face lower balance-sheet growth and higher credit costs.
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Metric
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TFC
|
RF
|
PNC
|
|---|---|---|---|
Price/Earnings (Normalized) | 10.81 | 11.39 | 11.95 |
Price/Book Value | 1.06 | 1.47 | 1.43 |
Price/Sales | 3.13 | 3.21 | 3.57 |
Price/Cash Flow | 8.59 | 8.25 | 8.45 |
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Metric
|
TFC
|
RF
|
PNC
|
|---|---|---|---|
Quick Ratio | — | — | — |
Current Ratio | — | — | — |
Interest Coverage | — | — | — |
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Metric
|
TFC
|
RF
|
PNC
|
|---|---|---|---|
Return on Assets (Normalized) | 1.10% | 1.40% | — |
Return on Equity (Normalized) | 10.15% | 12.75% | — |
Return on Invested Capital (Normalized) | — | — | — |
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1-Day Chart
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Morningstar Rating for Stocks
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United States