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.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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