Shares of Truist Financial Corporation (NYSE:TFC) traded today at $65.23, eclipsing its 52-week high. This new high was reached on below average trading volume as 1.5 million shares traded hands, while the average 30-day volume is approximately 4.5 million shares.
In the past 52 weeks, Truist Financial Corporation share prices are bracketed by a low of $41.98 and a high of $65.23 and is now at $64.96, 55% above that low price.
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business.
Truist Financial Corporation (NYSE:TFC) defies analysts with a current price ($64.96) 27.7% above its average consensus price target of $46.97.
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