In the years I've followed Truist's (TFC) predecessor company BB&T, I've gotten used to the fact that this is a stock that will zig when others zag and one that many analysts are reluctant to trust as a solid core growth candidate, and the merger of equals with SunTrust doesn't seem to have changed all that much. Although Truist had what I believe was one of the strongest large bank quarters in many respects, it hasn't really changed sentiment all that much.
Truist has been a laggard since my last update, and while the comparisons are a little better over the past 12 months, this hasn't been a top-of-the-stack bank stock in terms of performance. Perhaps not so surprisingly, then, it does stand out to me for relatively better share price appreciation potential from here. With perhaps underestimated reserve release potential and solid longer-term growth opportunities from post-deal synergies (and underlying market growth), I believe Truist is one of the few large banks still priced for double-digit annualized returns without taking on outsized risk.
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Truist Getting Too Little Credit For Future Profitability And Growth
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