|Day's range||6.90 - 7.10|
Truist Financial Corporation (TFC) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Truist Financial (NYSE: TFC) took a hit this week as its share price dropped 19.1% this week from last Friday's close through 10 a.m. ET today, according to S&P Global Market Intelligence. The failure of SVB Financial's Silicon Valley Bank last week, followed by the subsequent failure of Signature Bank on Sunday, set the stage for a wild week for the banking industry and bank stocks. Truist, the nation's seventh-largest bank, largely got caught in the sell-off, as it hit regional banks and smaller community banks harder than it did the mega banks.