Truist Financial (TFC) Soars 8.8%: Is Further Upside Left in the Stock?

Company Overview - Truist Financial Corporation (TFC) shares increased by 8.8% to close at $37.99, following a broader market rally driven by President Trump's announcement of a 90-day tariff pause for non-retaliating nations [1] - The stock had previously experienced a 12.5% loss over the past four weeks, indicating a significant recovery [1] Earnings Expectations - Truist Financial is expected to report quarterly earnings of$ 0.86 per share, reflecting a year-over-year decline of 4.4% [2] - Revenue projections stand at $4.92 billion, which is a 2.2% increase compared to the same quarter last year [2] Earnings Estimate Revisions - The consensus EPS estimate for Truist Financial has been revised down by 1.6% over the last 30 days [3] - A negative trend in earnings estimate revisions typically does not lead to price appreciation, suggesting caution for future stock performance [3] Industry Context - Truist Financial is part of the Zacks Banks - Major Regional industry, which includes State Street Corporation (STT) [3] - State Street's stock rose by 9.3% to$ 82.32, but it has seen a return of -12.1% over the past month [3] - State Street's EPS estimate for the upcoming report has decreased by 1% to $1.99, representing a 17.8% increase from the previous year [4]