Truist Financial Corporation (NYSE:TFC) is one of the best undervalued stocks to buy under $50. Truist Financial Corporation (NYSE:TFC) received a rating update from Barclays analyst Jason Goldberg, who maintained a Hold rating on the stock and set a $47 price target.
However, Truist Financial Corporation was upgraded to Buy from Hold at TD Cowen on October 21, with the firm raising the price target to $55 from $48.
The rating updates came after Truist Financial Corporation reported its fiscal Q3 2025 earnings on October 17, with net income available to common shareholders reaching $1.3 billion, or $1.04 per diluted share. Taxable-equivalent net interest income for the quarter rose 1.2%, or $45 million, compared to fiscal Q2 2025, attributed primarily to an additional day in fiscal Q3 2025, fixed-rate asset repricing, and loan growth.
The company also reported that total revenues for the quarter rose 4%, and average loan balance rose by 2.5% because of broad-based growth across consumer and wholesale segments, driven by an increase in new client acquisition and loan production.
Truist Financial Corporation is a financial holding company that provides banking services to businesses, individuals, and municipalities. The company operates through the following segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Other, Treasury and Corporate.
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This article is originally published at Insider Monkey.
