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.
Truist Foundation announced a $3.75 million grant to Access to Capital for Entrepreneurs (ACE) to expand lending for minority-owned businesses in rural Georgia. This is the largest grant in ACE's history and will enhance access to capital over three years to meet rising demands. ACE aims to increase job creation and support minority entrepreneurs, aligning with Truist's broader $120 million initiative to support small businesses. In 2021, ACE closed $37.3 million in loans and created or retained 4,368 jobs.
Truist Foundation announced a $3.5 million grant to PeopleFund, a Texas-based CDFI, aimed at fostering economic opportunity for underserved individuals. This grant supports the BIPOC Small Business Accelerator, initially started with a $100,000 grant and a $3 million loan from Truist. The funding aligns with Truist's $120 million commitment to strengthen small businesses, focusing on racially diverse entrepreneurs. Additionally, Truist announced further grants totaling $1 million to SERJobs and Junior Achievement to enhance economic mobility through education and training.
Truist Financial Corporation (NYSE: TFC) announced that its Chairman and CEO, Bill Rogers, will present at the Goldman Sachs 2022 US Financial Services Conference on December 6, 2022, at 11:20 a.m. ET. A live audio webcast of the presentation and accompanying materials will be available on Truist's investor relations website. A replay will be accessible for 30 days post-event. As of September 30, 2022, Truist, headquartered in Charlotte, North Carolina, has total assets of $548 billion and provides diverse financial services.
Truist Wealth has launched Truist Trade, a self-directed investing solution allowing clients to open accounts and trade without commissions. This digital platform requires no minimum account balance and provides access to various investment accounts, including IRAs. Clients benefit from dedicated support and research materials. Developed with client input, Truist Trade complements existing services like Truist Invest and Invest Pro. With total assets reported at $548 billion as of September 30, 2022, Truist is a major player in the financial services sector.
Truist Financial Corporation (NYSE: TFC) announced a change in presentation time for its executives at the BancAnalysts Association of Boston Conference, now scheduled for November 4, 2022, at 10:35 a.m. ET. CFO Mike Maguire and Chief Insurance Officer John Howard will represent the company. A live audio webcast and presentation materials will be accessible on the company’s investor relations website. Truist, headquartered in Charlotte, North Carolina, is a major financial services institution with total assets of $548 billion as of September 30, 2022.
Truist Foundation and Truist Charitable Fund announced a $2 million grant to Black Business Investment Fund (BBIF) to support small business lending for BIPOC and underserved businesses in Central Florida. The grant aims to establish BBIF's Revolving Loan Fund, providing crucial loan capital following Hurricane Ian's impact. This initiative is part of Truist's broader $120 million commitment to bolster small businesses, especially those owned by racially and ethnically diverse individuals. The partnership, ongoing since BBIF's inception, aims to enhance economic mobility through accessible funding.
On October 25, 2022, Truist Financial Corporation (TFC) announced a quarterly cash dividend of $0.52 per common share, payable on December 1, 2022, to shareholders of record by the close of business on November 10, 2022.
The company also declared dividends on various series of preferred stock, with notable details including $1,011.11111 for Series I and Series J, payable on December 15, 2022, among others, all with a record date of November 10, 2022.
Truist Financial Corporation (NYSE: TFC) announced that CFO Mike Maguire and Chief Insurance Officer John Howard will present at the BancAnalysts Association of Boston Conference on November 4, 2022, at 12:05 p.m. ET.
Participants can access a live audio webcast and presentation materials on the company’s investor relations website, with a replay available for 30 days. As of September 30, 2022, Truist, headquartered in Charlotte, North Carolina, boasts total assets of $548 billion, making it a leading U.S. commercial bank.
Truist Foundation announced the Atlanta Wealth Building Initiative as the top recipient of the inaugural Inspire Awards grant, receiving $250,000 to support its project aimed at addressing Atlanta's racial wealth divide. The event, hosted by Lisa Ling, recognized nonprofits aiding BIPOC and women-owned small businesses. A second-place grant of $150,000 was awarded to Synergies Work, which also received an additional $75,000 as the Audience Favorite. Other finalists received $25,000 grants. Truist Foundation’s initiative highlights its commitment to creating economic opportunities.
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