Citigroup cuts target to USD 50 for Truist Financial stock
Published on 10/26/2026 at 17:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and results
- Citigroup lowered its Truist Financial target from USD 54.00 to USD 50.00 on October 21, 2026.
- Adjusted diluted earnings per share reached USD 1.16 in the third quarter of 2026, up 12.00 percent year over year.
- Truist Financial stock was at EUR 43.59 at Lang & Schwarz on October 26, 2026 at 5:51 p.m. CEST.
- The bank had a USD 59.5 billion market capitalization and a 12.56 price-to-earnings ratio on October 26, 2026.
Citigroup lowered its Truist Financial stock target from USD 54.00 to USD 50.00 on October 21, 2026, according to Benzinga. The revised target sits 2.61 percent above the USD 48.73 NYSE price at 12:53 p.m. ET on October 26, 2026. Truist Financial was at EUR 43.59 at Lang & Schwarz on October 26, 2026 at 5:51 p.m. CEST.
What changed in the third quarter
Truist reported adjusted diluted earnings per share of USD 1.16 for the third quarter of 2026, up 12.00 percent from USD 1.04 in the third quarter of 2025. Adjusted net income available to common shareholders reached USD 1.42 billion, while adjusted revenue on a taxable-equivalent basis was USD 5.30 billion, compared with USD 5.24 billion a year earlier, according to the company's Truist Financial Corporation release dated October 16, 2026.
The reported figures also show why the target revision matters. Net income was USD 799.00 million in the third quarter, down from USD 1.55 billion in the second quarter, while a USD 1.45 billion securities loss and a USD 66.00 million Regional Acceptance loan-sale impact weighed on noninterest income.
Where the stock stands
On October 26, 2026, Truist Financial's NYSE price was USD 48.73, against a 52-week range of USD 43.13 to USD 56.20. Volume stood at 2,826,510 shares, and the market capitalization was USD 59.5 billion. The stock was trading 13.29 percent above its 52-week low and 13.29 percent below its 52-week high.
Valuation and banking peers
Truist Financial carried a 12.56 price-to-earnings ratio and a 4.00 percent dividend yield on October 26, 2026. Its third-quarter release also reported USD 554.20 billion in assets and a 10.70 percent common equity tier 1 ratio as of September 30, 2026.
Comparison with peers
Truist Financial: USD 59.5 billion market capitalization, 12.56 price-to-earnings ratio, 4.00 percent dividend yield as of October 26, 2026. Bank of America (NYSE, USD): USD 352.1 billion market capitalization, 12.14 price-to-earnings ratio, 2.00 percent dividend yield as of October 26, 2026. JPMorgan Chase (NYSE, USD): USD 889.3 billion market capitalization, 14.03 price-to-earnings ratio, 2.00 percent dividend yield as of October 26, 2026.
Target revision sets the next test
Citigroup's USD 50.00 target places the emphasis on execution after an earnings quarter distorted by portfolio repositioning and loan-sale effects. The USD 1.16 adjusted earnings figure and the USD 5.30 billion adjusted revenue figure provide the cleaner operating comparison for the third quarter of 2026.
The further course of trading is shown by the continuously updated real-time quote of Truist Financial stock.
Truist Financial stock facts
- Company: Truist Financial Corporation
- ISIN: US89832Q1094
- Ticker: TFC
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 5:51 p.m. CEST): EUR 43.59
- Market capitalization: USD 59.5 billion (as of October 26, 2026)
- 52-week range: USD 43.13-56.20 (as of October 26, 2026)
- Sector / Industry: Financial Services / Regional Banks
Market context: Market report S&P 500.
