Truist Financial (TFC) Technology and Communications (2009 - 2026)
Truist Financial (TFC) reported Technology and Communications of $28 million for Q3 2019, down 15.2% from $33 million a year earlier and down 3.4% from the prior quarter.
Powered by 
Analysis
Truist Financial (TFC) Technology and Communications (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2019, Truist Financial's Technology and Communications came in at $122 million, down 9.6% year-over-year; for FY2018, it came in at $132 million, down 17.5% from FY2017.
- Technology and Communications has declined for three consecutive years, with a four-year compound annual growth rate of -6.7% (FY2014 to FY2018).
- By year, Technology and Communications came in at $160 million in FY2017 (-14.0%), $186 million in FY2016 (-3.1%), $192 million in FY2015 (+10.3%) and $174 million in FY2014.
- The Q3 2019 figure ranks as the lowest quarterly Technology and Communications since Q4 2016.
- Year over year, Technology and Communications has now declined in each of the last seven quarters, with an average decline of 0.5% over the last eight quarters.
- The high point for year-over-year Technology and Communications in five years was Q4 2017 (growth of 100.0%); the low point was Q4 2016 (a decline of 63.5%).
- Per Business Quant data, the three quarters before Q3 2019 came in at $29 million (Q2 2019), $30 million (Q1 2019) and $35 million (Q4 2018).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Technology (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 3.34 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 2.01 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 1.30 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 284.73 Mn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 674.00 Mn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | - |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | - |
| 10 | Truist Financial | 60.24 Bn | 60.24 Bn | - | 365.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 365.00 Mn |
| Jun 30, 2026 | 335.00 Mn |
| Mar 31, 2026 | 313.00 Mn |
| Dec 31, 2025 | 337.00 Mn |
| Sep 30, 2025 | 346.00 Mn |
| Jun 30, 2025 | 373.00 Mn |
| Mar 31, 2025 | 364.00 Mn |
| Dec 31, 2024 | 420.00 Mn |
| Sep 30, 2024 | 336.00 Mn |
| Jun 30, 2024 | 308.00 Mn |
| Mar 31, 2024 | 278.00 Mn |
| Dec 31, 2023 | 307.00 Mn |
| Sep 30, 2023 | 289.00 Mn |
| Jun 30, 2023 | 311.00 Mn |
| Mar 31, 2023 | 287.00 Mn |
| Dec 31, 2022 | 258.00 Mn |
| Sep 30, 2022 | 352.00 Mn |
| Jun 30, 2022 | 349.00 Mn |
| Mar 31, 2022 | 363.00 Mn |
| Dec 31, 2021 | 379.00 Mn |
API Access
Truist Financial Technology and Communications API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=technology-and-communications&ticker=TFC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "technology-and-communications", "ticker": "TFC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=technology-and-communications&ticker=TFC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();