5 Most Profitable Value Stocks Now

3. Truist Financial Corp (NYSE:TFC)

Estimated Net Income (TTM): $5.33B

Earlier this month, BofA analyst Ebrahim Poonawala upgraded Truist Financial Corp (NYSE:TFC) stock to Buy.

The analyst said he sees “potential for an overshoot in bank stocks with a return to pre-pandemic P/E implying ~50% average upside based on consensus 2025e EPS.”

As of the end of the third quarter of 2023, 47 hedge funds tracked by Insider Monkey had stakes in Truist Financial Corp (NYSE:TFC).

Diamond Hill Large Cap Strategy made the following comment about Truist Financial Corporation (NYSE:TFC) in its Q2 2023 investor letter:

“Also among our bottom contributors were AbbVie and Truist Financial Corporation (NYSE:TFC). Truist, while not considered a ?money center,? is a large, super-regional bank with an attractive Southeastern US footprint that has added value to the communities it serves via its extensive branch network and lending franchises. Truist also owns the fifth largest insurance brokerage in the US, which it recently sold a portion of for roughly $3 billion. Truist?s share price remained under pressure during the quarter as the market continued to be concerned with lower values of longer-duration assets and increasing deposit costs. That said, we remain comfortable with our current position in Truist and believe a significant amount of pessimism is baked into its current share price.”

2. Royal Bank of Canada (NYSE:RY)

Estimated Net Income (TTM): $10.84B

Last month, Bank of America Securities upgraded Royal Bank of Canada (NYSE:RY) to Buy from Neutral, citing Royal Bank of Canada’s (NYSE:RY) strong execution, deal-driven synergies, and ROE defensibility.