SUPERNEWS - NYSE:TFC (Truist Financial Corporation) Stock Price, News, Quote, History

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Share Sales Rebound 98% in Toronto as Copper, Gold Surge to Record Highs

Barrick Gold Sticks to Virtual AGMs Amid Shift in Toronto Firms

Barrick Gold opts for virtualonly AGMs despite stakeholder push for in-person meetings, amid debates on shareholder engagement.

5/1, 13:09 EDT

Toronto's Housing Market Shifts Towards Buyers with Increased Listings and Slight Price Drop

Toronto's spring housing market shifts to buyers' favor with a 47% increase in listings and a 1% drop in home prices to C$1.128 million.

5/3, 05:34 EDT

TD Bank Faces $450M Charge, AML Program Under US Probe

TD Bank faces $450 million charge amid US antimoney laundering probe, impacting operations and First Horizon acquisition.

4/30, 18:04 EDT

Barron's Stock Picks Trail Market with 9.9% Return

Barron's bullish stock picks underperformed their benchmarks, averaging a 9.9% return compared to the market's 12.7%. Notable misses included tech giants like Apple and Microsoft, while successful picks featured Tesla's rebound and Truist Financial's turnaround. - Bearish views on Vinfast Auto proved correct as its valuation adjusted, but Coinbase Global defied expectations with Bitcoin's rise aiding its performance. ## Barron's 2023 Stock Picks Performance Barron’s stock picks in 2023 underperformed the market, with bullish articles featuring 77 companies returning an average of 9.9%, compared to the benchmark return of 12.7%. The two bearish picks had mixed results, with an average gain of 30.2%. Some value stocks picked by Barron’s turned out to be cheap for a reason, leading to underperformance. ## Successful Picks and Misses Successful picks included Tesla, Frontier Communications, SharkNinja, Ferrari, and Truist Financial. These companies saw significant gains due to various factors such as business expansion and cost-cutting measures. On the other hand, Pfizer and Hertz Global Holdings were among the losers for Barron’s in 2023. Additionally, companies like Net Power and Toast also lagged behind their benchmarks despite improving financial results. ## Future Outlook Despite some misses in its stock picks for 2023, Barron's remains optimistic about certain stocks such as Hertz Global Holdings due to its attractive valuation and oligopolistic nature of the industry. The magazine expects strong performance from these stocks to eventually be reflected in their shares. <div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.barrons.com/articles/stock-picks-performance-tesla-pfizer-walmart-chevron-1f573340" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [1]  </div> <span> Here’s How Barron’s Stock Picks Performed—and Why We Trailed the Market    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.cnbc.com/2024/01/19/biggest-stocks-to-watch-on-friday-analysts-say.html" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [2]  </div> <span> Here are Friday’s biggest analyst calls: Nvidia, Netflix, Apple, Starbucks, Marvel, Coinbase, IBM, Amazon & more    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.bloomberg.com/opinion/articles/2024-01-18/coinbase-trades-beanie-babies" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [3]  </div> <span> Coinbase Trades Beanie Babies    </span> <span class="MuiTouchRipple-root"></span> </a> </div>

1/19, 09:20 EST

Share Sales Rebound 98% in Toronto as Copper, Gold Surge to Record Highs

5/17, 10:58 EDT

Barrick Gold Sticks to Virtual AGMs Amid Shift in Toronto Firms

5/1, 13:09 EDT

Toronto's Housing Market Shifts Towards Buyers with Increased Listings and Slight Price Drop

5/3, 05:34 EDT

TFC News

Mining Co. Earns $10M Amid TSX Financing Surge to C$4.9B

5/17, 12:39 EDT

Gildan Investors Urged to Reinstate Fired CEO Chamandy, ISS Recommends

5/17, 12:29 EDT

Share Sales Rebound 98% in Toronto as Copper, Gold Surge to Record Highs

5/17, 10:58 EDT

Bank of America's Hartnett Recommends 30-Year Treasuries as Hard Landing Hedge

5/17, 10:21 EDT

SEC Targets $7T Bank Trust Funds for Enhanced Oversight

5/16, 20:10 EDT

Goldman Sees S&P 500 Stagnant in 2024, Defying Past Surprises

5/13, 06:49 EDT

Onex Corp. Raises $735 Million for New Buyout Fund, Shares Fall by 4%

5/10, 15:14 EDT

Mastercard, Citi, JPMorgan Trial Ledger Tech for Bank Money Settlement

5/8, 05:24 EDT

Toronto's Housing Market Shifts Towards Buyers with Increased Listings and Slight Price Drop

5/3, 05:34 EDT

Barrick Gold Sticks to Virtual AGMs Amid Shift in Toronto Firms

5/1, 13:09 EDT

J&J Offers $6.5bn to Settle Talc Suits, Stock Up 3.6%

5/1, 11:46 EDT

TD Bank Faces $450M Charge, AML Program Under US Probe

4/30, 18:04 EDT

Republic First Bank Seized, Fulton Acquires in Strategic Move

4/30, 11:04 EDT

Scotiabank appoints Travis Machen as head of global banking and markets

4/29, 21:39 EDT

Bain & Bungalow's $34M Brooklyn Studio to Rival LA, Atlanta

4/29, 16:49 EDT

Menlo Buys Nashville's Truist Plaza for $84.5M Amid Market Shift

4/25, 12:04 EDT

First Citizens Ups NII View to $7.1B, Fewer Fed Cuts Seen

4/25, 06:59 EDT

Tesla's Slide Continues, Pepsi Rises, Dividend Stocks Win

4/22, 18:47 EDT

Truist Misses on Loan Income, Cuts Revenue Forecast

4/22, 07:20 EDT

PACS Group IPO Hits $450M, Valued at $3.1B, Expands Facilities

4/10, 21:27 EDT

Diamondback Energy Inc. launches $5 billion bond sale for Endeavor acquisition financing

4/9, 11:34 EDT

Toronto Home Prices Rise Slightly Amidst Economic Growth and Interest Rate Uncertainty

4/3, 06:10 EDT

M&A Market Signals Recovery with Surge in Activity

3/29, 05:53 EDT

Discover CEO Resigns as Capital One Announces $35 Billion Acquisition

3/28, 00:00 EDT

Check-Cap Announces Merger with Nobul, Focusing on Fintech Expansion

3/26, 02:49 EDT

Record Refinancing Rush as High-Yield Spreads Shrink

3/25, 14:08 EDT

Morgan Stanley's $2.75B Junk Bond Frenzy for LBO

3/21, 17:44 EDT

First-Lien Loans Dominate, Second-Lien Demand Persists

3/20, 15:34 EDT

AI Frenzy Tests Tech Sector's Resilience

3/5, 17:00 EST

Market Shift: $1.9 Billion Second-Lien Loan for Truist Insurance LBO Signals Resurgence

3/1, 17:47 EST

Wall Street Views

Brandywine Global Investment Management

Bill Zox, 3/25/24

Neutral on

JPM

MGM

“The nominal cost of borrowing has come down dramatically since the end of October, and the market is very receptive to new issuance. Borrowers are doing the right thing by taking advantage of that.”

Amundi US

Ken Monaghan, 3/25/24

Neutral on

JPM

MGM

“Year-to-date, refinancing transactions are running at record levels as a percentage of new-issue proceeds.”

Fitch Ratings

Lyuba Petrova, 3/20/24

Neutral on

TFC

“All else being equal, there’s only so much value to go around and first-lien creditors in mixed capital structures will have first dibs on the value.”

Barings

Michael Best, 3/20/24

Bullish on

TFC

“It’s healthy to see junior capital not just going to the private credit market... Investors are looking for more opportunities to add yield to portfolios in second lien or junior tranches, whether it’s CLO managers or other types of funds. We would usually rather buy a second lien in a good business versus a first lien in a struggling business.”

Analyst at Bank of America

Ebrahim Poonawala, 2/14/24

BAC

“Fewer and later Fed rate cuts pose downside risk to bank stocks. We are especially concerned about the failure of the broader market to project the trajectory of interest rates – a consistent theme since the Fed began raising interest rates in March 2022.”

“We worry about the risk from no rate cuts in 2024 and a far more elevated level of interest rates across the UST yield curve.”