Truist Financial Corp

NYSE TFC

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Truist Financial Corp Price to Book Ratio (P/B) on June 03, 2024: 0.84

Truist Financial Corp Price to Book Ratio (P/B) is 0.84 on June 03, 2024, a 24.86% change year over year. The price to book ratio compares the market price per share of a company's stock to its book value per share. It is calculated by dividing the market capitalization by the shareholders' equity minus treasury stock, divided by the number of outstanding shares. This ratio provides insights into how the market values a company relative to its book value. A ratio above 1 indicates the market values the company more than its book value, suggesting positive market sentiment.
  • Truist Financial Corp 52-week high Price to Book Ratio (P/B) is 0.91 on May 15, 2024, which is 8.27% above the current Price to Book Ratio (P/B).
  • Truist Financial Corp 52-week low Price to Book Ratio (P/B) is 0.58 on October 23, 2023, which is -30.96% below the current Price to Book Ratio (P/B).
  • Truist Financial Corp average Price to Book Ratio (P/B) for the last 52 weeks is 0.73.
NYSE: TFC

Truist Financial Corp

CEO Mr. William Henry Rogers Jr.
IPO Date March 26, 1990
Location United States
Headquarters 214 North Tryon Street, Charlotte, NC, United States, 28202
Employees 49,218
Sector Financial Services
Industry Banks - regional
Description

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; other direct retail lending; insurance; investment brokerage; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; small business lending; and wealth management/private banking services. In addition, it offers asset based lending, investment banking and capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, floor plan, mortgage warehouse lending, real estate lending, and supply chain financing services. Further, the company provides insurance brokerage, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment management and advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

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StockViz Staff

September 20, 2024

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