Morgan Stanley analyst Betsy Graseck maintained a Hold rating on Truist Financial today and set a price target of $48.00.
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Betsy Graseck’s rating is based on a combination of factors including the mixed performance of Truist Financial in recent quarters. While there is positive momentum expected in the second half of the year, driven by accelerating loan growth and increased yield from securities, there are also challenges such as deposit pressure impacting net interest margin, albeit some of these effects are temporary.
Additionally, while Truist Financial has shown strong capital returns with payouts exceeding 100%, the overall financial results have been mixed with capital markets revenue experiencing a decline. The adjustments in earnings per share forecasts for 2025 and 2026 reflect these mixed signals, with increases in expected earnings due to higher fee income and net interest income, but also higher expenses. These factors collectively contribute to the Hold rating as the outlook remains cautiously optimistic but uncertain.
According to TipRanks, Graseck is a 4-star analyst with an average return of 4.4% and a 50.20% success rate. Graseck covers the Financial sector, focusing on stocks such as Citigroup, JPMorgan Chase, and Wells Fargo.
In another report released today, KBW also maintained a Hold rating on the stock with a $48.00 price target.