Lock In A 20% Return on Truist Financial
Truist issued an excellent third-quarter earnings report on Oct. 15. Its loan portfolio remains in great shape, despite the struggling economy. Also, the bank has a strong capital position with reserves that cover non-performing loans several times over. Even though we believe the stock could reach our price target by next July, it’s currently more than halfway there after only three months. So, let’s book gains now on this position.