Truist also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services.
In addition, the company offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending and supply chain financing services. It provides corporate and investment banking, retail and wholesale brokerage, securities underwriting and investment advisory services.
Shareholders receive a 7.00% dividend. Citigroup’s price objective is $39, while the consensus target is $36.71. Truist Financial stock closed on Thursday at $29.27.
Verizon Communications
This top telecommunications stock offers tremendous value at current levels. Verizon Communications Inc. (NYSE: VZ) is one of the largest U.S. telecom companies. It provides wireless and wireline service to retail, enterprise and wholesale customers.
Verizon’s wireless network serves approximately 120 million mobile connections with 115 million postpaid subscribers. Verizon’s wireline business has undergone a period of secular decline due to wireless substitution and cable competition.
The company also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and it delivers integrated business solutions to customers worldwide.
Verizon Communications stock investors receive a 7.64% dividend. The Oppenheimer price objective is $43. The consensus target is $40.17. On Thursday, shares were last seen trading at $33.81.
None of these stocks will likely turn up on Reddit’s WallStreetBets stock bulletin boards, they are very well suited for what could be a difficult end to 2023 as the economy sputters and rates stay high. These companies should hold their ground much better in an inflationary and recessionary stretch like the one we are in now and will likely remain in for some time to come.
Originally published at 24/7 Wall St.
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