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 has donated $4 million in grants to 11 nonprofits nationwide to support economic mobility and small businesses in underserved communities. The funding addresses challenges faced by nonprofits, as 71% report increased service demand while 42% lack adequate resources in 2024. The initiative supports organizations like Project Equity, which helps transition businesses to employee ownership, and LiftFund, which provides affordable small business loans and technical assistance. LiftFund's Dream Makers Fund offers 0% interest loans and has already supported five businesses, including pressure washing and carpentry ventures.
Truist Financial (NYSE: TFC) has appointed Kerry Jessani as head of mid-corporate banking. Jessani, who brings over 20 years of experience from JP Morgan, will build and lead a coverage team focused on delivering industry-based expertise to private and public companies across the U.S. The new mid-corporate banking initiative will complement Truist Securities' national investment and corporate banking services while strengthening the company's commercial banking business. Jessani, who previously served as deputy head of specialized industries at JP Morgan's commercial banking unit, will report to Chief Wholesale Banking Officer Kristin Lesher and join Truist in February.
Truist launches Truist Life, Money, and Choices™, a free financial education program for high schools, colleges, and community organizations. The program features interactive simulation stations covering important aspects of personal finance, including budgeting, saving, investing, housing, transportation, and healthcare. Launched at Southeast Raleigh Magnet High School in April 2024, the program provides participants with realistic profiles and scenarios to make financial decisions. Students work with Truist facilitators to manage expenses and navigate unexpected financial situations, followed by debriefing sessions and access to additional resources like Truist Money & Mindset.
Truist Financial (NYSE: TFC) has announced the full redemption of all 7,500 shares of its Perpetual Preferred Stock, Series L and 750,000 related depositary shares on December 16, 2024. The redemption price will be $100,000 per preferred share and $1,000 per depositary share, plus any accrued and unpaid dividends. Regular dividends will be paid to holders of record as of November 8, 2024. After the redemption date, the shares will no longer be outstanding, and all rights of holders will cease. Truist, a leading U.S. commercial bank with total assets of $523 billion, operates in high-growth markets offering various financial services.
Truist Financial (NYSE: TFC) has announced that Dontá Wilson, Chief Consumer and Small Business Banking Officer, will present at the BancAnalysts Association of Boston Conference on November 7, 2024, at 8:55 a.m. ET. The presentation will be available via live audio webcast on Truist's investor relations website, with a replay accessible for 30 days.
Truist, headquartered in Charlotte, North Carolina, is a leading U.S. commercial bank with $523 billion in total assets as of September 30, 2024. The company provides comprehensive financial services including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending services.
Truist Financial (NYSE: TFC) has declared its regular quarterly cash dividend of $0.52 per common share, payable on Dec. 2, 2024, to shareholders of record as of Nov. 8, 2024. The company also announced dividends for various series of preferred stock, with payment dates ranging from December 2 to December 16, 2024.
Truist, a purpose-driven financial services company, is a leading U.S. commercial bank with total assets of $523 billion as of Sep. 30, 2024. The company offers a wide range of products and services through its wholesale and consumer businesses, including banking, wealth management, and specialized lending.
Truist Financial (NYSE: TFC) has announced a new Electronic Bill Presentment and Payment (EBPP) solution for its wholesale payments clients. The platform, available from Nov. 1, aims to accelerate cash flow, simplify operations, and enhance security for businesses. Key features include:
- Faster payment processing
- Automated workflows
- Robust fraud prevention tools
- Multiple payment options (online, mobile, text, digital assistant, IVR)
- Real-time payment tracking
- Detailed reporting
The solution is designed to benefit various organizations, including utilities, financial services providers, healthcare organizations, and municipalities. It offers a modern and convenient payment experience for payers while streamlining operations and reducing costs for billers.
Truist Financial (NYSE: TFC) has announced the release of its third quarter 2024 results. The company will host a live earnings call at 8 a.m. ET today, accessible via webcast or dial-in. Investors can join the webcast at app.webinar.net/qVga5Y8KdRw or dial in at 1-877-883-0383 using passcode 1322262.
The earnings release, investor presentation, and Quarterly Performance Summary are available on Truist's Investor Relations website at https://ir.truist.com/earnings. These materials include detailed financial schedules and a reconciliation of non-GAAP disclosures. A replay of the earnings call will be available on the website for 30 days following the live event.
Truist Foundation has announced a $1 million grant to support relief and recovery efforts in Florida communities impacted by Hurricane Milton. This comes just two weeks after Hurricane Helene hit the area. The funds will be distributed to organizations including the American Red Cross, IT Disaster Resource Center, United Way Worldwide, World Central Kitchen, and Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund.
The grant aims to provide both immediate aid and long-term recovery support. This donation follows previous grants of $500,000 each for Hurricane Helene relief and support for Western North Carolina. Earlier this year, Truist Foundation also donated $1 million to the American Red Cross Annual Disaster Giving Program.
Truist Foundation has announced a $1 million grant to support relief and recovery efforts in communities impacted by Hurricane Milton in Florida. This comes just two weeks after Hurricane Helene hit the area. The funds will be distributed to organizations including the American Red Cross, IT Disaster Resource Center, United Way Worldwide, World Central Kitchen, and Center for Disaster Philanthropy for immediate and long-term relief efforts.
The grant aims to provide essential aid for critical needs such as food, shelter, medical services, and technology connectivity. This donation follows previous grants of $500,000 each for Hurricane Helene relief and support for Western North Carolina. Truist Foundation also donated $1 million to the American Red Cross Annual Disaster Giving Program earlier this year.
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