TransUnion - TRU STOCK NEWS

TransUnion (TRU) will announce its second-quarter financial results on July 28, 2020, with a press release at 6:00 a.m. CT. Following this, a conference call will take place at 8:00 a.m. CT to discuss the results. Investors can access the press release and listen to the call through the TransUnion Investor Relations website. As a global leader in information and insights, TransUnion aims to empower consumers and businesses with reliable data, promoting economic opportunity and trust in transactions.

The COVID-19 pandemic has led to a significant rise in digital transactions across financial services, increasing by 250%. However, this shift has also raised fraudulent activities, with risky worldwide transactions up by 11% since March. Identity fraud surged by 23%, highlighting a shift to synthetic identity fraud. Lenders, previously able to reduce fraud losses by 8%, may now see increases of 10-15%. To combat this, TransUnion emphasizes the use of its IDVision solution for better fraud detection, combining traditional and digital data.

On June 15, 2020, TransUnion (TRU) released an analysis regarding COVID-19's impact on the rental market. The percentage of renters entering 'Acute Relief' programs rose by 25% from March to April 2020, helping them maintain financial stability. Notably, new credit borrowing decreased, with only 36.7% of renters opening new tradelines in April, down from 37.8% in March. Rent payment rates fell slightly by 3.1% year-over-year. Despite these challenges, credit card utilization among renters dropped from 45.3% to 39.8%, indicating responsible debt management during the pandemic.

TransUnion's recent study highlights a significant shift in Canadian consumers' financial mindsets due to COVID-19. The survey shows that 55.1% of respondents feel negatively impacted, a decrease from 58% the previous week. Furthermore, only 15% expect their household income to decline, the lowest since the survey's inception. Notably, 67% remain concerned about paying bills, but the proportion who can maintain payments for 1-3 months fell to 43%. Gen Z is the hardest hit, with 69% reporting negative impacts. Consumers are adapting spending habits, opting to preserve cash flow through partial bill payments and dipping into savings.

TransUnion's recent survey reveals a significant shift in media consumption habits due to COVID-19. 56% of Americans are using paid streaming services more frequently, with 45% stating these services will become a permanent part of their lives. Usage has surged from 1-2 hours to 3-4 hours daily, especially among 18-29 year-olds (66% increased viewing). The trend towards cord-cutting continues, with 53% replacing cable with streaming. SmartTVs dominate at 37% usage. This data indicates crucial insights for advertisers adapting to evolving consumer behaviors.

TransUnion (NYSE: TRU) will present at the William Blair Growth Stock Conference on June 9, 2020, featuring President and CEO Chris Cartwright and CFO Todd Cello. The presentation is set for 8:00 a.m. CST (9:00 a.m. EST) and will be available via a live webcast on the TransUnion Investor Relations website. A replay will also be accessible after the event. TransUnion operates in over 30 countries, providing insights that foster trust in the marketplace, enabling businesses and consumers to transact confidently.

TransUnion Healthcare's latest research reveals a gradual recovery in overall hospital visit volumes, but they remain significantly lower than pre-pandemic levels. Outpatient visits have shown the most recovery, while emergency and inpatient visits are lagging, raising concerns about patients avoiding necessary care. Notably, 83% of consumers are worried about COVID-19 exposure in healthcare settings. Additionally, the ongoing patient volume decline may hinder hospitals' financial recovery despite governmental support via the CARES Act. Providers must implement effective patient engagement strategies to address these challenges.

TransUnion (NYSE: TRU) announced that CFO Todd Cello will present at the Baird Global Consumer, Technology and Services Conference on June 2, 2020, at 8:05 a.m. CDT. Investors can access a live webcast of the presentation on the TransUnion Investor Relations website. A replay will be available post-event. TransUnion is a global information company operating in over 30 countries, focused on providing trust and enabling secure transactions through comprehensive consumer insights. Their philosophy is encapsulated in the motto: Information for Good.

TransUnion (NYSE: TRU) forecasts that non-mortgage delinquency in Canada will rise to 6.9% by Q3 2020, up from 5.75% in Q1 2020. This increase is attributed to the economic fallout from COVID-19, with significant impacts on industries like tourism and energy. Alberta could see serious delinquency rates reach 8.3%. The report indicates a vulnerable segment of consumers, about 8% of credit-active Canadians, who are likely to experience credit shocks. Younger consumers, particularly Millennials and Gen Z, are projected to face even higher delinquency rates.