TransUnion - TRU STOCK NEWS

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.

TransUnion's report reveals stable serious delinquency rates from April 2019 to April 2020, with an overall drop in delinquencies between March and April 2020. However, the pandemic has led to a significant rise in accounts entering "financial hardship" across credit products. Despite increased hardship, consumers decreased credit card balances, with the average dropping from $5,645 to $5,437. The report highlights ongoing challenges and potential future impacts of COVID-19 on consumer credit health, emphasizing the need for clarity on repayment of deferred loans.

TransUnion (NYSE: TRU) announced that CFO Todd Cello will present at the RBC Capital Markets Global Consumer and Retail Virtual Conference on May 27, 2020, at 8:20 a.m. CST (9:20 a.m. EST). A live webcast will be available on the TransUnion Investor Relations website, with a replay post-presentation. TransUnion, a global information and insights company, operates in over 30 countries, providing solutions that foster economic opportunities and personal empowerment.

TransUnion (NYSE: TRU) has declared a cash dividend of $0.075 per share for the first quarter of 2020. This dividend is scheduled to be paid on June 12, 2020, to shareholders on record by May 28, 2020. This announcement reflects the company's commitment to returning value to its shareholders while emphasizing its role in fostering economic opportunities and consumer trust globally.