12 Best Local Bank Stocks to Invest in Now

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1. Truist Financial Corporation (NYSE:TFC)

Number of Hedge Fund Investors In Q4 2023: 57

Truist Financial Corporation (NYSE:TFC) is another sizeable local bank and is headquartered in America’s banking hub, Charlotte, North Carolina. The bank has performed well on the earnings front lately as it has beaten analyst estimates in three out of four latest quarters.

Out of the 933 hedge funds covered by Insider Monkey’s Q4 2023 research, 57 were Truist Financial Corporation (NYSE:TFC)’s stakeholders. Ken Griffin’s Citadel Investment Group owned a sizeable stake that was worth $402 million.

Follow Truist Financial Corp (NYSE:TFC)

If you are looking for an AI stock that is as promising as Microsoft but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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