TFC - Truist Financial: Patience Is Bitter But Its Fruit Is Sweet
2024-06-26 09:49:20 ET
Summary
- Truist Financial Corp. saw its stock price plummet following the 2023 banking crisis.
- Post-merger challenges and high interest rates have weighed on Truist's profitability and investor confidence.
- Truist's Held-to-Maturity (HTM) portfolio poses a potentially significant liquidity risk, with losses of over 19%.
- The recent sale of Truist Insurance Holdings (TIH) should boost financial health and allow for improved efficiency.
- Rate cuts should positively impact Truist's stock price, which is currently trading far below book value.
Editor's note: Seeking Alpha is proud to welcome The Dividend Fund as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » ...
Truist Financial: Patience Is Bitter, But Its Fruit Is Sweet