$TFC

Truist Financial Corporation

  • NEW YORK STOCK EXCHANGE INC.
  • Finance
  • Major Banks
  • Regional Banks
  • Finance and Insurance
  • Commercial Banking

PRICE

$48.1 ▲1.008%

Extented Hours

VOLUME

6,402,375

DAY RANGE

46.64 - 47.925

52 WEEK

44.85 - 67.74

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@dros #droscrew
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Top Earnings Mon 4/18 Aft: $CFB $ELS $ENSV $FBK $FNB $HOPE $JBHT $LAKE $NBHC $PNFP $SFBS $SGBX $TBLT . Top Earnings Tu 4/19 Pre: $BMI $CFG $CBSH $FITB $HAL $HAS $IRDM $JNJ $LMT $MAN $MBWM $PLD $SBNY $SI $TRV $TFC

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@DarkPoolAlgo #Dark Pool Charts
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U.S. equity futures extended gains, looking to build on the upward momentum Thursday as corporate earnings and improving sentiment offset persistent concerns that inflation will continue to weigh on markets over the months ahead. It was a stellar performance for U.S. stocks on Thursday as all eleven S&P 500 Index sectors advanced in a rally led by materials and technology following better-than-expected corporate earnings, slightly lower than expected inflation data and lower-than-forecast jobless claims, The easing in producer price inflation added to the market “risk-taking”, sending the yield on the 10-year Treasury as low as 1.505%. The dollar pared losses while commodities and precious metals gained. When it was all over, the S&P 500 closed up 1.7% for its biggest gain in 7-months (up about 18% in 2021, and it is down just over 2% from its Sept. 2 record high close) and on the verge of moving back above its 50-DMA (stands at 4,436). The Nasdaq Composite rose 1.73%, its largest % gain since May 20th and the Dow with its biggest % jump since July 20th (+1.56%). Fear continues to disappear as the CBOE volatility index (VIX) closed down 1.78 points at 16.86, for its lowest closing level since September 3rd. A busy morning ahead of for economic data with Empire manufacturing retail sales, import data and confidence readings all expected. Overseas, European stocks are on pace for their best week in seven months, while Japan’s Nikkei 225 closed at a two-week high. The Nikkei Index jumped 517 points (1.81%) to settle at 29,068, the Shanghai Index rose 14 points to 3,572, and the Hang Seng Index advanced 368 points to 25,330. In Europe, the German DAX gains 0.25% to move above 15,500, while the FTSE 100 rises 0.3% to 7,225. Bitcoin prices looking to end the week near its best levels since May, topping the $59,000 level, picking up momentum in October as prices are up roughly $18,000 in the first two-weeks of the month. Bloomberg reported overnight that the SEC is set to approve the first set of exchange traded funds linked to the world’s biggest cryptocurrency. Market Closing Prices Yesterday · The S&P 500 Index spiked 74.46 points, or 1.71%, to 4,438.26 · The Dow Jones Industrial Average rose 534.75 points, or 1.56%, to 34,912.56 · The Nasdaq Composite surged 251.79 points, or 1.73%, to 14,823.43 · The Russell 2000 Index advanced 32.21 points, or 1.44% to 2,274.18 Events Calendar for Today · 8:30 AM ET Empire Manufacturing Index for October…est. 27.0 · 8:30 AM ET Import Prices MoM for September…est. +0.6% · 8:30 AM ET Retail Sales MoM for September…est. (-0.2%) · 8:30 AM ET Retail Sales Ex Autos MoM for September…est. +0.5% · 10:00 AM ET Business Inventories MoM for August…est. +0.6% · 10:00 AM ET University of Michigan Confidence, Oct-P…est. 73.1 · 1:00 PM EST Baker Hughes Weekly rig count data Earnings Calendar: · Earnings Before the Open: BMI, $GS, JBHT, PLD, $PNC, $SCHW, SXT, TFC Sector News Breakdown Consumer · Corsair Gaming ($CRSR) sees 3Q revs about $391Mm vs est. $484Mm, cuts FY revs to $1.825-1.925B from $1.9B-$2.1B and vs est. $2.04B · Del Taco Restaurants ($TACO) 3Q adj EPS $0.11 vs est. $0.10 on revs $124.3Mm vs est. $124.9Mm, system comps +1.8% vs est. +2.4% (company +1.6% vs est. +2.38%) · Duckhorn Portfolio ($NAPA) 12M share Secondary priced at $20.50 · Sun Country Airlines ($SNCY) 8.5M share Secondary priced at $32.50 Energy, Industrials & Materials · Alcoa Corp. ($AA) another record quarter for net income; announces initiation of a quarterly cash dividend and a new $500 mln share repurchase program; Q3 adj EPS $2.05 vs. est. $1.71; Q3 sales $3.11B vs. est. $2.93B; 2021 shipment outlook for alumina and aluminum segments remains unchanged; anticipates continued positive financial results in q4 of 2021 · Boeing ($BA) former chief technical pilot was charged with fraud on Thursday for deceiving federal regulators evaluating the company’s 737 MAX jet, hindering the ability to protect airline passengers and leaving “pilots in the lurch,” the U.S. Justice Department said – Reuters · EOG Resources ($EOG) says for Q3 of 2021, anticipates a net loss of $494 mln on mark-to-market of its financial commodity derivative contracts · Virgin Galactic ($SPCE) plunges over -20%; begins planned vehicle enhancement and modification period; Unity 23 test flight rescheduled to follow completion of this program; says enhancement period about 1-month later than anticipated, and commercial service is now expected to commence in Q4 · Kosmos ($KOS) 37.5M share Secondary priced at $3.30 Financials · Discover Financial Services ($DFS) said credit card charge-off rate 1.01% at September end vs 1.14% at august end; credit card delinquency rate 0.95% at September end vs 0.92% at august end · Truist ($TFC) Q3 EPS adj $1.42 vs. est. $1.19; qtrly net interest income was down 0.4% compared to Q2 2021 and 3.8% compared to Q3 2020; Q3 revs $5.6B vs. est. $5.53B; provision for credit losses was a benefit of $324M for Q3, primarily reflecting an improving economic outlook Healthcare · Moderna ($MRNA) adding to yesterday gains after a panel of expert advisers to the U.S. FDA unanimously voted on Thursday to recommend booster shots of its COVID-19 to those age 65 and older and those at high risk of severe illness or occupational exposure to the virus · Hologic ($HOLX) announced that it has signed a definitive agreement to acquire Bolder Surgical, a privately held, U.S.-based company that provides advanced energy vessel sealing surgical devices, for approximately $160M · Neurix Therapeutics ($NRIX) 3Q EPS ($0.65) vs est. ($0.63) on revs $10.3Mm vs est. $8.5Mm · Johnson & Johnson ($JNJ) announces that LTL Management LLC, a newly created and separate subsidiary, established to hold and manage claims in the cosmetic talc litigation, has filed for voluntary Chapter 11 bankruptcy protection · MiNK Therapeutics ($INKT) 3.33M share IPO priced at $12.00 · Paragon 28 $(PNA) 7.813M share IPO priced at $16.00 Technology, Media & Telecom · Duck Creek Technologies ($DCT) Q4 non-GAAP EPS $0.02, in-line with ests; Q4 revs $70.9M vs. est. $69.1M; sees FY22 revs $292M-$300M vs. est. $303M; sees Q1 revs $68M-$70M vs. est. $68.7M · Adtran ($ADTN) guides Q3 revenue $138M below consensus of $148.9M; sees Q3 gross margin at 34.6 and operating loss of $2.6M · Paltalk ($PALT) 1.35M share Spot Secondary priced at $7.50

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@DarkPoolAlgo #Dark Pool Charts
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Wednesday, August 11, 2021 Futures Up/Down % Last Dow 32.00 0.09% 35,187 S&P 500 -2.25 0.06% 4,427 Nasdaq -32.00 0.21% 15,012 U.S. stocks are looking mixed ahead of key economic data today, coming a day after the Dow Jones Industrial Average and the benchmark S&P 500 each rose to record highs, buoyed by gains in economically sensitive value stocks such as materials, industrials, and building products after the Senate passed a $1 trillion infrastructure plan today with 19 Republicans joining all 50 Democrats voting to approve the bill that includes $550B in new funding, and it will now move to the House. Early this morning the Senate Democrats passed the $3.5 trillion budget framework, opening a path for President Joe Biden’s economic agenda. However, tech weakness dragged down the Nasdaq Composite led by large cap names on Tuesday, with more weakness early. Crude posted its biggest intraday gain in more than two weeks, while the U.S. dollar climbed to a three-week high and Treasury yields hit their highest levels since mid-July (1.34%). Meanwhile, Cleveland Fed President Loretta Mester said supply disruptions are raising prices, but it’s unclear whether they will lead to continuous gains in inflation. Those headlines come ahead of today’s consumer price index (CPI) which is expected to show a 4.3% year-over-year core print, 5.3% year-over-year “core” overall. Treasury yields continue to edge higher ahead of today’s CPI reading, with the 10-year up about 3 bps to 1.37%, meanwhile the U.S. dollar overs around 3-week highs. In Asian markets, The Nikkei Index jumped 182 points (0.65%) to settle at 28,070, the Shanghai Index was up slightly at 3,532 and the Hang Seng Index gained 54 points to 26,660. In Europe, the German DAX is up slightly at 15,785, while the FTSE 100 rises around 35 points to 7,200. Events Calendar for Today 7:00 AM ET MBA Mortgage Applications Data 8:30 AM ET Consumer Price Index (CPI) MoM for July…est. 0.5% 8:30 AM ET CPI Ex: Food & Energy (core) MoM for July…est. 0.4% 8:30 AM ET Consumer Price Index (CPI) YoY for July…est. 5.3% 8:30 AM ET CPI Ex: Food & Energy (core) YoY for July…est. 4.3% 10:30 AM ET Weekly DOE Inventory Data 1:00 PM ET U.S. to sell $41 bln in 10-year notes 2:00 PM ET Federal Budget for July Earnings Calendar: Earnings Before the Open: ALT, BLI, CERE, EVGO, FTCI, HAE, $HYLN, OPTN, RADI, RPRX, TELA, TH, WEN Earnings After the Close: ADMA, AMWL, AOSL, ARRY, AVT, AZPN, $BLNK, $BMBL, CACI, CCAP, DM, DUOL, $EBAY, EGY, FOSL, GHLD, HIMS, KRMD, MNKD, MSGM, NAVB, OPEN, PTRA, RGLD, $RIDE, ROOT, SONO, $STEM, TCON, TIG, VRM, $XONE Other Key Events: BTIG HIMSS Digital Health Booth Tour (virtual), 8/11-8/12 Canaccord Genuity 41st Annual Growth Conference (virtual), 8/10-8/12 Cowen Annual Communications Infrastructure Hybrid Summit, 8/9-8/12 Cowen 9th Annual Internet & Media Bus Tour (virtual), 8/9-8/13 Credit Suisse 4th Annual FinTech Conference (virtual), 8/11-8/13 Goldman Sachs Power, Utilities, MLP & Pipeline Conference 2021 (virtual) – 8/11 JPMorgan Auto Conference (virtual), 8/11-8/12 KeyBanc Capital Markets Technology Leadership Virtual Forum, 8/9-8/12 Oppenheimer 24th Annual Technology, Internet & Comm Conference (virtual), 8/10-8/12 Piper Biotech Virtual Tour, 8/10-8/12 Susquehanna 2021 Energy, Industrials & Airlines Conference (virtual), 8/10-8/11 UBS Financial Services Conference (virtual), 8/10-8/12 Wells Fargo 6th Annual FinTech & Technology Services Forum (virtual), 8/10-8/11 Market Closing Prices Yesterday The S&P 500 Index gained 4.40 points, or 0.10%, to 4,436.75 The Dow Jones Industrial Average rose 162.82 points, or 0.46%, to 35,264.67 The Nasdaq Composite dropped -72.09 points, or 0.49%, to 14,788.09 The Russell 2000 Index advanced 4.55 points, or 0.20% to 2,239.36 Macro Up/Down Last Nymex -0.59 67.70 Brent -0.55 70.08 Gold 7.30 1,736.25 EUR/USD -0.0009 1.1711 JPY/USD 0.17 110.74 10-Year Note +0.029 1.371% Sector News Breakdown Consumer Darling Ingredients ($DAR) 2Q EPS $1.17 vs est. $0.89 on revs $1.2B vs est. $1.11B Grocery Outlet ($GO) Q2 adj EPS $0.47 vs. est. $0.24; Q2 revs $775.5M, in-line with consensus; Q2 comparable store sales decreased by 10.0% compared to a 16.7% increase in the same period last year; continues to expect to open between 36 and 38 stores in fiscal 2021 with one closure PLBY Group ($PLBY) Q2 revenue $49.9M vs. est. $46.9M; Revenue grew 44% yoy, to $49.9M, driven by growth in both direct-to-consumer and licensing revenues; Direct-to-consumer revenue grew 88% yoy, to $28.0M, and licensing revenue grew 12% yoy, to $15.4M; net loss was $8.9M Poshmark ($POSH) 2Q revs $81.8Mm vs est. $80.3Mm, GMV +25% to $449.6Mm; guides 3Q revs $81-83Mm vs est. $82.4Mm, sees 3Q adj EBITDA $1.0-2.0Mm vs est. $1.4Mm Shift Technologies ($SFT) Q2 EPS ($0.41) vs est. ($0.44) on revs $155M vs est. $129.4M; sees Q3 revenue $155M-$170M vs est. $134.5M, raises FY revs guidance to $575M-$595M from $480M-$520M vs est. $509.2M WW International ($WW) tumbles -25%; Q2 EPS $0.12 vs. est. $0.65; Q2 revs $311.4M vs. est. $337M; guides year revs $1.3B vs. est. $1.38B; sees year EPS $1.10-$1.25 below est. $2.00; revised the estimated cost of its previously disclosed 2021 restructuring plan to approximately $22.0 million in fiscal 2021; Q2 2021 End of Period Digital Subscribers up 6% year-over-year to an all-time Q2-end high Energy, Industrials and Materials CNBC reports that the White House will call on OPEC and its oil-producing allies to boost oil production. Also, Iraq plans to increase oil production to eight million barrels per day ($BPD) by the end of 2027, Iraqi Oil Minister Ihsan Abdul Jabbar told the Iraqi news agency (INA) on Tuesday The American Petroleum Institute ($API) said that crude inventories fell 816,000 barrels last week, gasoline inventories fell 1.11M barrels, ahead of EIA weekly data later this morning Chesapeake Energy Corp ($CHK) raised its adjusted core income and production guidance for the full year after beating Q2 consensus estimates; also initiated a variable return program to deliver 50% of free cash flow to shareholders on a quarterly basis, payable in the 2022 first quarter; raised its total annual production forecast to 415,000 barrels of oil equivalent per day (boepd) to 435,000 boepd, from previous its range of 410,000 boepd to 420,00 boepd HyreCar ($HYRE) 2Q adj EPS ($0.36) vs est. ($0.12) on revs $9.1Mm vs est. $8.9Mm, new drivers to the platform +49% N5 Global ($NVEE) 2Q adj EPS $1.34 vs est. $1.00 on revs $$179.5Mm vs est. $174.1Mm; guides FY gr revs $705-727Mm vs est. $699.1Mm, sees FY adj EPS $4.20-4.55 vs est. $4.18 Shoals Technologies Group ($SHLS) Q2 adj EPS $0.09 vs. est. $0.08; Q2 revs $59.7M vs. est. $59.5M; sees full year revenues to be in range of $230M-$240M, up 31% to 37% and sees full year adjusted net income to be in range of $47M-$51M Financials Coinbase ($COIN) trading volume in Q2 was $462B, an increase of 38% compared to Q1, topping the $381.6MM est.; Q2 revs $2.23B vs. est. $1.85B; Q2 adj ebitda $1.15B vs. est. $961.5M; Q2 verified users 68 million vs. est. 63.1 million; qtrly retail monthly transacting users (MTUs) grew to 8.8 million, up 44% from q1 2021; Q2 net income of $1.6 billion, up from $32.3M a year earlier Bottomline Technologies ($EPAY) 4Q core EPS $0.27 vs est. $0.26 on revs $122.1Mm vs est. $122.9Mm, subscription revs +15% to $101Mm BrightSpire Capital ($BRSP)25M share Secondary priced at $9.00 Invesco Ltd. ($IVZ) preliminary month-end assets under management (AUM) of $1,528.4 billion, an increase of 0.2% versus previous month-end. Total net inflows were $3.5 billion. The firm achieved net long-term inflows of $1.7 billion this month. Open Lending Corp. ($LPRO) Q2 EPS $0.60 vs est. $0.17 on revenue $61.1M vs est. $49M, adj EBITDQA $46.1M; facilitated 46,408 certified loans in the quarter, +148% YoY; reaffirmed previous FY guidance for revenue $184M-$206M, certified loans 181k-206k, and adj EBITDA $125M-$168M Riot Blockchain ($RIOT) said in July 2021 produced 444 Bitcoin, an increase of approximately 771% over its July 2020 production of 51 Bitcoin; as of July 31, 2021, riot held approximately 2,687 Bitcoin, all of which were produced by its self-mining operations Truist Financial Corporation ($TFC) said its wholly owned bank subsidiary, Truist Bank, has signed a definitive agreement to acquire Service Finance Company, LLC, a leading national provider of point-of-sale (POS) financing solutions for the home improvement industry, for $2 billion Upstart Holdings ($UPST) 2Q adj EPS $0.62 vs est. $0.25 on revs $194Mm vs est. $157.8Mm; guides 3Q revs $205-215Mm vs est. $161.6Mm; guides FY revs approx $750Mm from $600Mm prior and vs est. $601.5Mm Healthcare BioCryst Pharmaceuticals (BCRX) has withdrawn its public offering of common stock, previously announced on August 9 Health Catalyst (HCAT)245M share Secondary priced at $53.00 Inari Medical (NARI) 2Q EPS $0.08 vs est. $0.08 on revs $63.5Mm vs est. $59.6Mm; guides FY revs $250-255 (prior $240-250Mm) vs est. $247Mm

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RA
@rachmani32000 #ivtrades
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lots of 40 puts bought for Jul20 in $TFC

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Key Metrics

Market Cap

63.40 B

Beta

0.98

Avg. Volume

9.21 M

Shares Outstanding

1.33 B

Yield

3.98%

Public Float

0

Next Earnings Date

2022-07-19

Next Dividend Date

Company Information

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S. with total assets of $509 billion as of December 31, 2020. Truist Bank, Member FDIC.

Website:

HQ: 214 N. Tryon St. Charlotte, 28202 North Carolina

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