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Truist Financial (TFC) CEO Sees Momentum Building After Slow Start to Year

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.

A closeup view of a hand inserting a credit card into an ATM machine.

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.

While we acknowledge the potential of TFC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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