Welcome to our dedicated page for Truist Financial Corporation news (Ticker: TFC), a resource for investors and traders seeking the latest updates and insights on Truist Financial Corporation stock.
Truist Financial Corporation (NYSE: TFC) is a leading U.S. commercial bank that was formed through the merger of BB&T and SunTrust in 2019. Headquartered in Charlotte, North Carolina, the company is committed to inspiring and building better lives and communities through a comprehensive range of financial services. With a rich history dating back 275 years from its legacy banks, Truist serves approximately 12 million households across high-growth markets in the country.
Truist offers a wide array of services including retail, small business, and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. As the sixth-largest commercial bank in the U.S., Truist is a key player in these sectors.
Recent Achievements and News:
- On March 7, 2024, Truist Securities announced the addition of highly ranked analyst Jamie Cook as a managing director, expanding its equity research coverage in the industrials sector.
- On March 28, 2024, Truist Financial Corporation announced it would report its first-quarter 2024 financial results before the market opens on April 22, 2024.
- On April 4, 2024, the Truist Foundation released its 2023 Impact Report, showcasing its efforts in building career pathways and strengthening small businesses for economic mobility.
- On April 8, 2024, Sheffield Financial, a division of Truist Bank, renewed its long-term retail financing agreement with BRP US Inc., reaffirming their commitment to providing competitive financing options.
- On May 7, 2024, Truist completed the sale of its remaining stake in Truist Insurance Holdings to an investor group led by private equity firms, significantly enhancing its financial profile.
Truist is focused on leveraging technology and innovation, as evidenced by its investment in new technologies and recent strategic partnerships. The company's robust financial condition has enabled it to make significant investments in its core banking businesses and community-driven initiatives.
With an emphasis on collaborative culture and client service, Truist continues to expand its expertise and capabilities, aiming to deliver differentiated content, execution, and value for its clients. For more information, visit Truist.com.
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Truist Foundation grants $1 million to STRIVE to establish a new site in Birmingham, Alabama, providing job training and support services to individuals facing barriers to employment. STRIVE Birmingham expects to serve 100 students annually and aims to help lead them to family-sustaining careers. The funding will have a phenomenal impact on the local economy and the lives of Birmingham residents. STRIVE plans to expand its national impact and scale its programs to serve 10,000 people annually by 2033.
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Truist Foundation donates $50,000 to support relief efforts for communities impacted by Tropical Storm Hilary.
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Justin Ellis, a full-time artist, has three paintings displayed in Truist's headquarters in Charlotte, North Carolina, after becoming artist-in-residence at Brooklyn Collective and a gallery artist at Sozo Gallery. Truist chose diverse local and regional artists to bring color and interpretation to their headquarters. Justin's partnership with Truist also led to his participation in the Festival in the Park art fair in Charlotte. He opened his first solo exhibition in December 2022, featuring his father's and mother's works.
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Truist Financial Corporation (NYSE: TFC) announces CEO and CFO presentation at Barclays Global Financial Services Conference on September 11, 2023. Live webcast available at ir.truist.com. Replay available for 30 days.
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Truist (TFC): Truist Foundation extends deadline for second Inspire Awards Challenge in collaboration with MIT Solve, offering grants up to $250,000 for tech-enabled solutions benefiting small business owners
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Truist (T): Truist branch employee Lindsey teaches herself American Sign Language to better communicate with deaf and hard-of-hearing clients. Inspired by her colorblind sister, Lindsey advocates for disability rights and inclusivity.
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GoTab (GT): GoTab secures $18 million in Series A funding to expand digital ordering and payment products for hospitality businesses
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Synergies Work (SW) supports entrepreneurs with disabilities, submitting its framework to the Inspire Awards Challenge. Truist Foundation's audio series features SW's impact on the disability community on National Disability Independence Day.
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Truist Financial Corporation (NYSE: TFC) has declared a regular quarterly cash dividend of $0.52 per common share, payable on Sept. 1, 2023. Dividends have also been declared for various series of preferred stock.
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FAQ
What is the current stock price of Truist Financial Corporation (TFC)?
The current stock price of Truist Financial Corporation (TFC) is $46.76 as of January 23, 2025.
What is the market cap of Truist Financial Corporation (TFC)?
The market cap of Truist Financial Corporation (TFC) is approximately 61.9B.
What services does Truist Financial Corporation offer?
Truist offers services in retail, small business, and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management.
Where is Truist Financial Corporation headquartered?
Truist Financial Corporation is headquartered in Charlotte, North Carolina.
What is the history of Truist Financial Corporation?
Truist was formed through the merger of BB&T and SunTrust in 2019. It inherits 275 years of combined history from these legacy banks.
How many households does Truist serve?
Truist serves approximately 12 million households across high-growth markets in the U.S.
Who recently joined Truist Securities?
Highly ranked analyst Jamie Cook recently joined Truist Securities as a managing director, expanding its equity research coverage in the industrials sector.
When will Truist report its financial results for Q1 2024?
Truist will report its first-quarter 2024 financial results on April 22, 2024, before the market opens.
What initiatives does the Truist Foundation support?
The Truist Foundation supports initiatives focused on building career pathways to economic mobility and strengthening small businesses.
What recent partnership did Sheffield Financial renew?
On April 8, 2024, Sheffield Financial renewed its long-term retail financing agreement with BRP US Inc.
What was the outcome of the sale of Truist Insurance Holdings?
Truist completed the sale of its remaining stake in Truist Insurance Holdings on May 7, 2024, enhancing its financial profile and raising approximately $10.1 billion in after-tax cash proceeds.
How does Truist support innovation?
Truist supports innovation through strategic investments in technology, collaborative culture, and expanding its expertise and capabilities to deliver differentiated value to clients.
Truist Financial Corporation
NYSE:TFC
TFC Rankings
TFC Stock Data
61.89B
1.32B
0.18%
76.62%
1.53%
Banks - Regional
National Commercial Banks
United States of America
CHARLOTTE