Truist Financial is a major U.S. bank holding company formed by the merger of BB&T and SunTrust. It provides a wide range of financial services, including consumer and commercial banking. The company operates in a competitive landscape alongside other large national banks like Bank of America (NYSE: BAC) and JPMorgan Chase (NYSE: JPM).
On April 17, 2026, analyst firm Jefferies issued a "hold" rating for Truist Financial. A hold rating suggests investors should maintain their current position without buying more shares. Jefferies also raised its price target to $45.00 from $42.00, while the stock was trading higher at $50.53 per share.
The higher price target reflects a strong first quarter. As highlighted by Zacks, Truist Financial reported earnings per share (EPS) of $1.09, which beat estimates of $0.99. EPS, the company's profit per outstanding share, grew 25.3% from the $0.87 reported in the same quarter last year.
The company's financial performance is supported by solid income growth. Net interest income, the profit banks make from lending, reached $3.60 billion. In addition, non-interest income climbed a significant 11.6% to $1.55 billion, contributing to a total quarterly revenue of $5.15 billion.
However, the "hold" rating also considers some mixed results. As reported by GuruFocus, Truist Financial's revenue of $5.15 billion narrowly missed analyst estimates of $5.17 billion. Furthermore, Truist Financial projects a 3-4% increase in expenses for the next quarter, which could weigh on future profitability.
