Investors interested in the Major Regional Banks sector may want to look at Truist Financial Corporation (TFC) or Northern Trust Corporation (NTRS). The question is, which of these two stocks provides better value for investors at this moment?
Truist Financial Corporation (NYSE:TFC) will be participating in the Bank of America Securities Financial Services Conference on February 12, 2025, at 11:20 AM ET. Kristin Lesher, the Chief of Wholesale Banking, will represent the company. We appreciate Kristin for being here with us this morning.
Truist Financial Corporation (NYSE:TFC) will be participating in the UBS Financial Services Conference on February 11, 2025, at 1:00 PM ET. Mike Maguire, the Chief Financial Officer, will be representing the company. Erika Najarian from UBS is also present, and she notes that despite the busy schedule, Mike's energy seems to be high.
Investors looking at major regional bank stocks probably know about Truist Financial Corporation (TFC) and Northern Trust Corporation (NTRS). However, which of these two stocks currently provides better value for investors?
Is Truist Financial Corporation (TFC) a strong choice for momentum investors? Let's take a closer look.
CHARLOTTE, N.C., Jan. 28, 2025 /PRNewswire/ -- Truist Financial Corporation's Board of Directors has announced a regular quarterly cash dividend of $0.52 for each common share. This dividend will be paid on March 3, 2025, to shareholders who are on record as of the end of business on February 14, 2025.
WINSTON-SALEM, N.C., Jan. 21, 2025 /PRNewswire/ -- Sheffield Financial, part of Truist Bank and known for its quick and adaptable retail financing, is thrilled to share its new national partnership with Scarab, a top maker of high-performance jet boats.
Truist Financial's earnings for the fourth quarter were better than expected, thanks to increased fees from investment banking and better credit conditions, with credit provisions decreasing by $100 million compared to last year. However, despite this strong performance, the bank's net interest income is likely to fall in a lower interest rate environment. The growth in investment banking and trading fees particularly helped Truist Financial in the fourth quarter.
Truist Financial Corporation (NYSE:TFC) will hold its Q4 2024 Earnings Conference Call on January 17, 2025, at 8:00 AM ET. The call will feature company representatives, including Chairman and CEO Bill Rogers and CFO Mike Maguire, along with analysts from various financial institutions. At this moment, all attendees are in listen-only mode.
TFC's results for the fourth quarter of 2024 exceeded expectations due to increased net interest income and non-interest income, along with reduced provisions. However, the rise in adjusted expenses continues to be a concern.