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Reliable and Above-Average Dividend In addition to this attractive valuation, Truist is also an attractive dividend stock. Shares currently yield 5.7%. This is a much higher yield than the broader market offers, as the S&P 500 currently yields 1.5%. Furthermore, Truist has a proud history as a dividend stock.

Stock Price Forecast The 25 analysts offering 12-month price forecasts for Truist Financial Corp have a median target of 36.00, with a high estimate of 45.00 and a low estimate of 28.00. The median estimate represents a -2.52% decrease from the last price of 36.93.

Truist Financial has a conensus rating of Moderate Buy which is based on 7 buy ratings, 8 hold ratings and 0 sell ratings. The average price target for Truist Financial is $35.36. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

The merger closed on December 6, 2019. On that day, SunTrust Bank merged into BB&T's banking unit, Branch Banking and Trust Company, forming Truist Bank as the merged company's legal banking entity.

Based on the latest financial disclosure, Truist Financial Corp has a Probability Of Bankruptcy of 1.0%. This is 98.0% lower than that of the Banks sector and significantly higher than that of the Financials industry. The probability of bankruptcy for all United States stocks is 97.49% higher than that of the company.

Based on analyst ratings, Truist Financial's 12-month average price target is $35.36. Currently there's no upside potential for TFC, based on the analysts' average price target. Truist Financial has a conensus rating of Moderate Buy which is based on 7 buy ratings, 8 hold ratings and 0 sell ratings.

Fitch Revises Truist Financial's Outlook to Negative; Affirms IDRs at 'A+'/'F1' Fitch Ratings - New York - 16 Oct 2023: Fitch Ratings has affirmed Truist Financial Corporation's (TFC) Long-Term (LT) and Short-Term (ST) Issuer Default Ratings (IDRs) at 'A+' and 'F1', respectively.

So, if you're wondering why is Truist stock dropping? As a regional bank with exposure to borrowers who may increasingly struggle to pay back loans as interest rates rise, Truist is under pressure from shareholders.