RBC Capital raises Truist Financial stock price target on profitability outlook

robot
Abstract generation in progress

RBC Capital has increased its price target for Truist Financial (NYSE:TFC) shares to $53 from $51, reiterating an Outperform rating, following the bank’s strong first-quarter 2026 results that indicate improved profitability. The firm highlighted Truist’s diversified business model and solid quarterly performance, and the company plans to return approximately 80% of earnings through buybacks and dividends in 2026, targeting a 16% to 18% return on tangible common equity. Despite a slight miss in revenue, Truist’s Q1 2026 EPS of $1.09 exceeded analyst expectations of $1.00.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin