KBW cuts target for Truist Financial stock from USD 55 to USD 54

Published on 10/23/2026 at 11:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Truist Financial stock costs EUR 42.93 on October 23, 2026, while adjusted earnings rose 12 percent to USD 1.16.

Target revision and earnings

Keefe, Bruyette & Woods cut its Truist Financial target to USD 54 on October 19, 2026.
Adjusted earnings per share reached USD 1.16 in the third quarter of 2026.
Truist Financial stock trades at EUR 42.93 at 11:31 a.m. CEST at Lang & Schwarz on October 23, 2026.
Truist agreed to sell USD 7.7 billion of LightStream loans on October 14, 2026.

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Truist Financial (ISIN US89832Q1094) was trading at EUR 42.93 at Lang & Schwarz on October 23, 2026, at 11:31 a.m. CEST. On October 19, 2026, Keefe, Bruyette & Woods cut its price target for Truist Financial from USD 55 to USD 54 while keeping a Market Perform rating, according to MarketBeat. The revision puts the bank's quarterly results and restructuring actions under closer valuation scrutiny.

Target cut sets a test

KBW's USD 1 reduction leaves its target above the latest US quotation cited in the report, but the note keeps a neutral stance. MarketBeat reported that Truist Financial traded at USD 47.17 when the analyst update was published on October 19, 2026, while the one-year range extended from USD 41.60 to USD 56.19.

The counter-factor is operational progress beneath the headline earnings volatility. In the third quarter ended September 30, 2026, adjusted earnings per share rose 12 percent year over year to USD 1.16, while adjusted revenue reached USD 5.30 billion, according to Yahoo Finance.

What changed in the quarter?

The answer is a split between recurring banking performance and strategic charges. Reported revenue was USD 3.75 billion in the third quarter, while taxable-equivalent net interest income increased 0.7 percent year over year to USD 3.71 billion. The net interest margin expanded to 3.00 percent from the prior quarter, a two-basis-point improvement.

Three dated steps and next dates

Truist signed an agreement on October 14, 2026, to sell USD 7.7 billion of unsecured consumer loans from LightStream to Carlyle Group. On October 16, 2026, it reported third-quarter adjusted earnings per share of USD 1.16 and reported earnings per share of USD 0.56. On October 19, 2026, Keefe, Bruyette & Woods reduced its target from USD 55 to USD 54, according to MarketBeat.

Truist reported the quarterly results on October 16, 2026, and the next reporting date is not included in the cited release. The October 14 loan-sale agreement and the October 19 target revision are the next dated reference points for investors.

Price and valuation context

Truist's latest reported quarter combined a 12 percent year-over-year increase in adjusted earnings per share with a USD 5.30 billion adjusted revenue figure. The company also said total assets stood at USD 554 billion on September 30, 2026, according to Truist. That combination leaves the market weighing improved recurring earnings against the effect of portfolio exits and securities repositioning.

The stock was trading at EUR 42.93 at Lang & Schwarz on October 23, 2026, at 11:31 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Truist Financial stock.