Truist Financial Surges to 280th in Trading Volume Despite Stock Decline

On March 28, 2025, Truist Financial (TFC) saw a significant increase in trading volume, with a total of $298 million in shares traded, marking a 47.94% rise from the previous day. This surge placed Truist Financial at the 280th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Truist Financial declined by 2.27%, marking the fourth consecutive day of decline, with a total decrease of 4.01% over the past four days.

Wells Fargo analyst Mike Mayo maintained a Buy rating on Truist Financial and set a price target of $50.00. This adjustment comes as part of a broader Q1 earnings preview for large-cap banks, where Wells Fargo remains bullish on the sector over a one-year horizon, citing significant deregulation. However, the firm noted that Q1 outlooks may be challenging due to policy uncertainties. Wells Fargo reduced its estimates by 4% for Q1 and 2% through 2027, attributing this to a degree of paralysis from policy uncertainty that affects investment banking, loans, fixed asset repricing, and reserves.

The average price target for Truist Financial Corporation stands at $52.15, with forecasts ranging from a low of $45.00 to a high of $60.00. This consensus rating reflects the overall bullish sentiment among analysts, who continue to see potential in the stock despite recent market volatility.