Truist Financial Corporation (TFC) is a prominent financial services provider with a market cap of $60 billion, offering a wide range of banking and trust services. The company’s strong brand and client-first approach have established its market dominance and leading position in high-growth U.S. markets.

Despite slipping 6.2% from its 52-week high, TFC stock has gained 13.2% over the past three months, outperforming the SPDR S&P Regional Banking ETF. The company’s shares have risen 6.1% on a YTD basis and 9.4% over the past year, although underperforming compared to KRE’s gains.

TFC’s stock has been trading above its 50-day and 200-day moving averages since mid-May and late June, respectively, with minor fluctuations. The company’s underperformance is attributed to higher net interest income, total non-interest income, and elevated expenses in a challenging operating environment.

Following the release of its Q2 results, TFC shares closed down more than 1%, with adjusted EPS of $0.91 missing estimates by a penny. Analysts are reasonably bullish on the company’s prospects, with a consensus “Moderate Buy” rating and a mean price target of $49.12, suggesting a potential upside of 6.8% from current levels.

Read more at Yahoo Finance: How Is Truist Financial’s Stock Performance Compared to Other Regional Banking Stocks?