10 Cheap Jim Cramer Stocks to Invest In

5. Truist Financial Corporation (NYSE:TFC)

Number of Hedge Fund Holders: 57

Forward P/E: 10.01

Truist Financial Corporation (NYSE:TFC) is one of the 10 cheap Jim Cramer stocks to invest in. At the Morgan Stanley US Financials conference call on June 11, the CEO, William Henry Rogers, noted that the company has invested in capital markets, investment banking, and trading for over 20 years, achieving high single-digit annual growth. After the merger and creation of Truist Financial (NYSE:TFC), the business remained 50% underpenetrated, leaving room for expansion.

The firm has developed sector expertise in consumer and retail, TMT, financial institutions, energy, and healthcare. He added that trading activity mirrors investment banking trends. While the first quarter was slower, recent weeks show improved momentum.

Truist Financial (NYSE:TFC) reports its earnings in a month and for the full year 2025, management projects revenue growth between 1.5% and 2.5%, with adjusted revenue expected to reach $20.1 billion, which is lower than the previous forecast of 3% to 3.5%. Furthermore, net interest income is expected to grow by 3% in 2025, assuming low-single-digit loan growth and three quarter-point cuts to the Fed Funds rate in June, September, and December, an update from the earlier expectation of reductions only in March and September. Lastly, regarding share repurchases, the company plans to target up to $750 million in buybacks during the second quarter.

It is worth noting that on June 11, when Cramer was asked about Truist Financial (NYSE:TFC), he commented:

“You know, I am really surprised that Truist is doing badly as it is. I think it’s a pretty good situation. I would, I would hang on to this one. The fact that it yields 5%, I think that that’s at 10 times earnings. I think it can go to 12 times earnings… I think you should hold on to Truist, if not even buy some.”

Truist Financial (NYSE:TFC) offers a wide range of financial services, including deposit accounts, lending, asset management, investment banking, and wealth management. The company provides products such as mortgages, credit cards, insurance finance, and treasury services.