Truist Financial (NYSE: TFC) Sees Price Target Increase Amid Strong Earnings

• Truist Financial (NYSE: TFC) received an increased price target from Jefferies, moving from $42 to $45, even as the stock traded at $50.56 per share.
• The company reported strong first-quarter earnings per share (EPS) of $1.09, surpassing analyst estimates of $0.99.
• Total revenue for the quarter grew 5.2% year-over-year to $5.15 billion, significantly boosted by net interest income of $3.60 billion.

Truist Financial (NYSE: TFC) is a large American bank holding company, offering a wide range of financial services to consumers and businesses. The company was formed through the merger of BB&T and SunTrust, creating one of the biggest banks in the United States.

On April 17, 2026, an analyst at Jefferies increased their price target for Truist Financial to $45 from $42. A price target is an analyst's projection of a stock's future price. This update was issued when the stock was trading higher, at $50.56 per share.

This analyst action follows a strong earnings report from Truist Financial. As highlighted by Zacks, the company posted first-quarter earnings of $1.09 per share, beating estimates of $0.99. Earnings per share (EPS) represents the profit allocated to each outstanding share of a company's stock.

The company's total revenue, or total sales, also grew 5.2% from the previous year to $5.15 billion. This performance was supported by higher net interest income of $3.60 billion. Net interest income is the profit a bank makes from its lending activities.

Despite the strong results, the quarter also saw an increase in expenses and higher provisions for credit losses. Truist Financial returned $1.8 billion to shareholders through dividends and share buybacks. The company projects its second-quarter revenues to be around $5.2 billion.