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) has appointed Ankur Vyas as the new head of Investor Relations, effective immediately. Reporting to CFO Daryl Bible, Vyas has a comprehensive background in financial services, having led Investor Relations at SunTrust for six years. He is a Chartered Financial Analyst and has received accolades in investor relations. Truist, with total assets of $518 billion as of March 31, 2021, aims to deliver high-quality communication about its strategy and performance to stakeholders.
Truist Financial Corporation (NYSE: TFC) announced that CEO Kelly S. King and CFO Daryl N. Bible will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2021, at 10:15 a.m. ET. The event will be held virtually, with a live audio webcast accessible on the company's investor relations website. A replay will be available for 30 days post-event. Truist is a major U.S. commercial bank with $518 billion in assets, offering diverse financial services aimed at improving lives and communities.
On May 24, 2021, Truist Insurance Holdings, a subsidiary of Truist Financial Corporation (NYSE: TFC), announced a definitive agreement to acquire Constellation Affiliated Partners from RedBird Capital Partners. This acquisition is expected to add approximately $160 million to annual revenue within Truist's wholesale division. The deal aims to enhance Truist's insurance offerings and expand its national programs business, effectively doubling its programs capacity. Notably, Constellation's specialties include contractors' general liability and professional liability.
Truist Financial Corporation (NYSE: TFC) has expanded its Commercial Community Bank's Industry Consulting team by adding experts in the waste and environmental services and building products sectors. The bank, serving businesses with revenues between $2 million and $500 million, aims to enhance client relationships with tailored solutions. Prachi Wagner and Matt Roth will lead these new specialties, bringing extensive experience to the roles. Truist's industry expertise covers various fields, enhancing its competitive edge in the market.
Truist Financial Corporation (NYSE: TFC) announced that CFO Daryl N. Bible will present at the Barclays Americas Select Franchise Conference on May 18, 2021, at 7 a.m. ET. This event will be conducted virtually, and presentation materials along with a live audio webcast will be accessible on the company's investor relations website, ir.truist.com. A replay will be available for 30 days. Truist is the sixth-largest commercial bank in the U.S., with total assets of $518 billion as of March 31, 2021.
Truist Financial Corporation (NYSE: TFC) announces the redemption of all 18,600 shares of its 5.625% Series H Non-Cumulative Perpetual Preferred Stock on June 1, 2021. Each share will be redeemed at $25, totaling $465 million for the Series H Depositary Shares. Holders will receive regular dividends for the current quarter on June 1, 2021, but all dividends will cease to accrue after the redemption date. The redemption will be processed through The Depository Trust Company by Computershare Trust Company, N.A.
Truist Financial Corporation (NYSE: TFC) has announced a multiyear partnership with Operation HOPE, aimed at enhancing financial resources and support within underserved communities. The partnership includes expanding the HOPE Inside coaching program to 1,000 branches, investing in the 1 Million Black Business Initiative, and providing digital access to financial education. Truist's financial commitment underscores its dedication to fostering economic opportunities, particularly for Black entrepreneurs. This initiative is part of Truist's broader mission to inspire and build better lives and communities.
Truist Financial Corporation (NYSE: TFC) announced a quarterly cash dividend of $0.45 per common share, payable on June 1, 2021, to shareholders of record by May 14, 2021. Additionally, dividends were declared for various series of preferred stock, including Series H ($351.5625), Series I ($1,022.22222), Series J ($1,022.22222), Series L ($2,525.00), Series M ($2,562.50), Series O ($328.125), Series P ($618.75), and Series R ($296.875), all payable on June 1 or June 15, 2021, depending on the series.
Truist Financial Corporation (NYSE: TFC) will redeem $250 million of its floating rate senior notes due June 1, 2021, on May 1, 2021. The redemption price will equal 100% of the principal amount plus accrued interest, ceasing on the redemption date. Payments will occur on the next business day, May 3, 2021, via The Depository Trust Company. As of March 31, 2021, Truist has total assets of $518 billion, positioning it as the sixth-largest commercial bank in the U.S.
FAQ
What is the current stock price of Truist Financial Corporation (TFC)?
What is the market cap of Truist Financial Corporation (TFC)?
What services does Truist Financial Corporation offer?
Where is Truist Financial Corporation headquartered?
What is the history of Truist Financial Corporation?
How many households does Truist serve?
Who recently joined Truist Securities?
When will Truist report its financial results for Q1 2024?
What initiatives does the Truist Foundation support?
What recent partnership did Sheffield Financial renew?
What was the outcome of the sale of Truist Insurance Holdings?
How does Truist support innovation?
