STOCK TITAN
  1. Home
  2. News
  3. TRU

TransUnion - TRU STOCK NEWS

Welcome to our dedicated page for TransUnion news (Ticker: TRU), a resource for investors and traders seeking the latest updates and insights on TransUnion stock.

TransUnion (NYSE: TRU) is a global leader in information and insights, providing innovative solutions to businesses and individuals worldwide. Serving approximately 45,000 companies and over 500 million customers across 33 countries, TransUnion's mission is to empower economies by offering reliable and actionable consumer information.

Core Business: As one of the three leading credit bureaus in the United States, TransUnion is pivotal in the credit granting process. The company offers a wide range of services, including credit reporting, fraud detection, marketing, and advanced analytics. By leveraging its extensive data, TransUnion helps businesses manage risk, improve marketing strategies, and enhance customer experiences.

Recent Achievements and Partnerships: In April 2024, TransUnion partnered with GrowthLoop to enhance identity resolution and marketing solutions. This collaboration addresses the challenges marketers face due to low match rates in digital advertising, offering improved audience targeting and campaign efficacy.

Financial Condition and Global Presence: TransUnion generates about a quarter of its revenue from international markets, operating in over 30 countries. The company continues to expand its global footprint through strategic acquisitions and technology investments, ensuring robust financial health and sustained growth.

Products and Services:

  • Credit Information: Comprehensive consumer credit reports that support lending decisions.
  • Fraud Detection: Advanced solutions to identify and mitigate fraudulent activities.
  • Marketing Solutions: Data-driven strategies to enhance customer acquisition and retention.
  • Analytical Services: Insights and analytics that drive business intelligence and decision-making.

Current Projects: TransUnion is continuously innovating to improve its offerings. Recent initiatives include enhanced identity threat intelligence technology and updated consumer financial strain analysis, helping government agencies better support constituents during economic challenges.

Commitment to Trust and Innovation: TransUnion's motto, Information for Good®, reflects its dedication to fostering trust and economic opportunity. By providing a reliable and comprehensive view of consumers, TransUnion enables confident transactions and significant achievements for individuals and businesses alike.

News

TransUnion Partners with Samooha, by Snowflake, to Drive Privacy-First Data Collaboration in Advertising

Rhea-AI Summary
TransUnion (NYSE: TRU) partners with Snowflake's Samooha to enhance privacy-first identity resolution and audience segmentation in the advertising industry. The collaboration allows clients to securely collaborate and share customer data within a clean room environment, maintaining data integrity and privacy controls.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.52%
Tags
partnership
-
News

Despite Seasonal Dip in Q4 2023, Insurance Shopping Likely to Remain Strong in 2024

Rhea-AI Summary
TransUnion's report predicts an increase in insurance shopping in 2024 due to market factors like declining mortgage rates and consumer behavior changes. Insurers are advised to focus on targeted marketing similar to pricing strategies to attract desired prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
earnings
-
News

TransUnion Declares Fourth Quarter 2023 Dividend of $0.105 per Share

Rhea-AI Summary
TransUnion (TRU) declares a cash dividend of $0.105 per share for Q4 2023, payable on March 22, 2024, to shareholders of record on March 7, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
dividends earnings
News

TransUnion Announces Fourth Quarter and Full-Year 2023 Results

Rhea-AI Summary
TransUnion (TRU) reported a 6% revenue growth in Q4 2023, with total revenue reaching $954 million. The company announced a transformation program expected to save $120-140 million annually by 2026. They prepaid $25 million in debt in Q4 and $250 million in 2023. Financial guidance for 2024 includes 3-5% revenue growth. Net income was $6 million in Q4 2023, down from $46 million in Q4 2022. Adjusted Net Income was $156 million, and Adjusted EBITDA was $326 million in Q4 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.11%
Tags
earnings
-
News

Bankcard Balances Surpass $1 Trillion as Millennials Increasingly Turn to Cards

Rhea-AI Summary
TransUnion's Q4 2023 Credit Industry Insights Report reveals that credit card debt in the U.S. has reached a historical high, driven by Millennials increasing their credit portfolios. Bankcard balances surpassed $1 trillion for the first time, with 13% year-over-year growth. Millennials now have the largest share of bankcard balances, surpassing Baby Boomers. However, originations for unsecured personal loans and home equity lending products were down year-over-year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
none
-
News

TransUnion Spoofed Call Protection Wins Juniper Research Gold Award for Best Robocall Mitigation Solution

Rhea-AI Summary
TransUnion's TruContact™ Spoofed Call Protection has been recognized by Juniper Research's Future Digital Awards for Telco Innovation 2024 for the third consecutive year, receiving a Gold Award for 'Best Robocall Mitigation Solution' in the Security and Fraud Innovation category. This recognition highlights TransUnion's effectiveness in combating fraudulent calls and scams, ultimately helping to restore trust in the phone channel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
none
News

TransUnion Global Study Finds More Than Half of U.S. Consumers Use Credit Monitoring to Open New Credit Accounts

Rhea-AI Summary
A new TransUnion study found that more than 100 million U.S. consumers monitored their credit data from TransUnion between 2018 and 2023. The study revealed that consumers monitor their credit for reasons such as opening new credit accounts, managing debt levels, and improving credit scores. The study also identified distinct segments of credit monitoring consumers and quantified the benefits they experienced. These benefits include greater access to credit, improved ability to pay down debt, and better credit profiles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.55%
Tags
none
-
News

AT&T and TransUnion Launch the Industry’s First In-Network Branded Call Display with Logos

Rhea-AI Summary
AT&T and TransUnion (NYSE: TRU) have partnered to offer outgoing calls for businesses that display a brand name and logo on the receiver’s phone, verified with STIR/SHAKEN standards. This industry-first feature aims to improve consumer trust and help customers decide which calls to answer. The collaboration addresses consumer concerns about unwanted calls and fraud, with 73% of respondents avoiding unknown calls and 76% being likely to answer calls from businesses if the companies displayed their name and logo. The partnership represents the culmination of years of collaboration between AT&T and Neustar, now part of TransUnion, to restore trust in the phone and protect enterprises and consumers alike.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
none
-
News

Decreased Consumer Liquidity Helped Dampen Overall Betting Activity in Q4 2023; Millennials Buck the Trend

Rhea-AI Summary
TransUnion's latest report reveals that high-income Millennials were the dominant force in betting activity despite decreased consumer liquidity, driven by rising debt and delinquencies. The report found a 10% decrease in betting activity in Q4 of 2023, with Millennials being the only generation reporting better than planned household finances. The research also highlighted the shift towards online betting channels and the importance of distinguishing between high value and high-risk bettors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.17%
Tags
earnings
News

NielsenIQ and TransUnion Collaborate to Enable Targeted Advertising with First-Party Retail Purchase Data

Rhea-AI Summary
NielsenIQ and TransUnion's TruAudience® have announced a partnership to connect NielsenIQ's consumer data with partners' identity spaces for audience modeling, enabling Media and AdTech companies to create impactful campaigns with audience segments informed by consumer purchases. The collaboration allows for precise targeting comparable to Retail Media Networks, durable data connectivity through data deprecation, and global scale and accessibility. This strategic partnership aims to redefine the future of audience targeting, delivering privacy-focused solutions and paving the way for more impactful and successful campaigns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.53%
Tags
none

FAQ

What is the current stock price of TransUnion (TRU)?

The current stock price of TransUnion (TRU) is $95.11 as of December 20, 2024.

What is the market cap of TransUnion (TRU)?

The market cap of TransUnion (TRU) is approximately 18.4B.

What services does TransUnion offer?

TransUnion offers credit reporting, fraud detection, marketing solutions, and advanced analytics services.

How many countries does TransUnion operate in?

TransUnion operates in over 30 countries, serving businesses and consumers worldwide.

Who are TransUnion's customers?

TransUnion serves around 45,000 companies and over 500 million customers globally.

What is TransUnion's partnership with GrowthLoop about?

TransUnion partnered with GrowthLoop to enhance identity resolution and marketing capabilities, improving audience targeting and campaign effectiveness.

How does TransUnion contribute to economic opportunities?

TransUnion provides reliable consumer information and innovative solutions, enabling confident transactions and significant achievements for individuals and businesses.

What is TransUnion's motto?

TransUnion's motto is 'Information for Good®,' reflecting its commitment to trust and economic empowerment.

How does TransUnion help with fraud detection?

TransUnion offers advanced fraud detection solutions that identify and mitigate fraudulent activities to protect businesses and consumers.

What recent technological advancements has TransUnion made?

TransUnion has recently developed enhanced identity threat intelligence technology and updated consumer financial strain analysis to support better decision-making.

What is the significance of TransUnion's credit information services?

TransUnion's credit information services provide comprehensive consumer credit reports, which are essential for lending decisions and managing credit risk.

How does TransUnion support government agencies?

TransUnion's solutions help government agencies identify financial strains among constituents and provide differentiated support, improving access to critical programs and services.

Stock TRU logo
TransUnion

NYSE:TRU

TRU Rankings

#573 Ranked by Market Cap
#2035 Ranked by Dividends

TRU Stock Data

18.38B
194.35M
0.24%
104.59%
2.19%
Financial Data & Stock Exchanges
Services-consumer Credit Reporting, Collection Agencies
Link
United States of America
CHICAGO