Tfc stock price "TFC stock price" remains supported

"TFC stock price" remains supported by positive revisions in revenue forecasts. The banking industry’s gradual digital transformation is expected to contribute operational efficiency gains. On March 10, Bank of America Securities analyst Ebrahim Poonawala maintained a Buy rating on the stock. Truist Financial Corporation (NYSE:TFC) demonstrated strong financial and operational performance in 2024, achieving several strategic milestones and positioning itself for growth in 2025. The company reported GAAP net income of $4.5 billion, driven by Investment banking and trading revenue which grew 46% year-over-year, fueled by talent acquisition and platform expansion. Among the stocks in the Zacks Banks - Major Regional industry, Fifth Third Bancorp (FITB), is soon expected to post earnings of $0.87 per share for the quarter ended June 2025. This estimate indicates a year-over-year change of +1.2%. This quarter's revenue is expected to be $2.21 billion, up 6.3% from the year-ago quarter. Market watchers note "TFC stock price" is consolidating above its 50-day moving average at $34.90, a bullish technical signal for swing traders. Regional banks are outperforming the S&P 500 financial sector this week, hinting at continued momentum.