DJ Truist Financial Corp. Stock Rises Wednesday, Still Underperforms Market
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Shares of Truist Financial Corp. (TFC) rose 8.79% to $37.99 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 9.52% to 5,456.90 and the Dow Jones Industrial Average rising 7.87% to 40,608.45.
Truist Financial Corp. closed 22.56% short of its 52-week high of $49.06, which the company reached on November 25th.
The stock outperformed some of its competitors Wednesday, as JPMorgan Chase & Co. $(JPM)$ rose 8.06% to $234.34, $Bank of America Corp(BAC-N)$. $(BAC.SI)$ rose 6.05% to $37.15, and Wells Fargo & Co. $(WFC)$ rose 6.85% to $66.33.
Trading volume (31.1 M) eclipsed its 50-day average volume of 9.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 9, 2025.
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(END) Dow Jones Newswires
April 09, 2025 16:48 ET (20:48 GMT)
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