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 Financial Corporation (NYSE: TFC) will announce its second-quarter 2022 financial results on July 19, 2022, before the market opens. CEO Bill Rogers and CFO Daryl Bible will discuss the financial outcomes during a conference call at 8 a.m. ET. Investors can access a live audio webcast of the call and related materials at ir.truist.com. As of March 31, 2022, the company had total assets of $544 billion and holds a significant market presence across various sectors.
Truist Wealth has announced its entry into Chicago, enhancing its presence in major U.S. metropolitan markets. The new office, staffed by a 10-person team of wealth management professionals, aims to provide services to affluent and ultra-high net worth individuals. With this expansion, Truist Wealth now serves nine of the ten largest U.S. markets. The firm, part of Truist Financial Corporation (NYSE: TFC), offers a comprehensive suite of financial solutions, including investment management and risk management. The Chicago team brings diverse experience in serving business owners and families.
Truist Financial Corporation (NYSE: TFC) announced that CFO Daryl Bible will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 13, 2022, at 10:15 a.m. ET in New York City. A live audio webcast of the presentation will be available on the company's investor relations website, with a replay accessible for 30 days. As of March 31, 2022, Truist holds total assets of $544 billion and is recognized as a top 10 U.S. commercial bank, providing a comprehensive range of financial services.
Truist Financial Corporation (NYSE: TFC) announces that CEO Bill Rogers will address attendees at the Bernstein Strategic Decisions Conference on June 3, 2022, at 9 a.m. ET in New York City. A live audio webcast of the event will be accessible on the company's investor relations website, with a replay available for 30 days following the event. Truist, headquartered in Charlotte, N.C., is a leading financial services firm with over $544 billion in assets and a strong presence in various banking sectors.
On May 20, 2022, Truist Financial Corporation (TFC) announced the retirement of Chief Financial Officer Daryl Bible after a notable 38-year career, including over 14 years at the company. Bible played a significant role in the merger of equals that formed Truist, highlighting his leadership as a key factor in the company’s success. He will continue in his role during the transition phase as the company searches for a new CFO. Truist, headquartered in Charlotte, NC, has total assets of $544 billion as of March 31, 2022, and is a top 10 U.S. commercial bank.
Truist Financial Corporation (NYSE: TFC) announced the redemption of $1,350,000,000 principal amount of its 3.050% senior notes due June 20, 2022, effective May 20, 2022. The redemption price will be 100% of the principal plus accrued interest, which will cease on the redemption date. Payments will be processed through The Depository Trust Company. With total assets of $544 billion as of March 31, 2022, Truist is among the top 10 U.S. commercial banks, offering diverse financial services and holding significant market share in key growth areas.
Truist Foundation has awarded a $15.7 million grant to the Council for Adult and Experiential Learning (CAEL) to enhance career pathways in financial services for BIPOC and underserved communities. This six-year initiative aims to provide training and support to adult learners, helping them secure employment in historically inaccessible industries. By partnering with local educational institutions and workforce organizations, CAEL seeks to create a diverse talent pipeline and improve access to high-wage jobs.
Truist Financial Corporation (NYSE: TFC) has announced an increase in its prime lending rate, raising it from 3.50% to 4.00%, effective May 5, 2022. This change reflects ongoing adjustments in the financial landscape.
Truist, based in Charlotte, North Carolina, ranks as a top 10 U.S. commercial bank, boasting total assets of $544 billion as of March 31, 2022. The bank offers a comprehensive range of financial services aimed at enhancing community and economic well-being.
Truist Financial Corporation (NYSE: TFC) has acquired Long Game, an innovative gamified finance mobile app, aimed at enhancing financial wellness and client engagement. The acquisition, announced on May 3, 2022, is part of Truist's strategy to leverage technology for better client experiences and retention. Long Game's gamified approach encourages smart financial behaviors and is expected to attract millennials and Gen Z users. The integration of Long Game’s team will bolster Truist’s Innovation team and align with existing initiatives like Truist Momentum.
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