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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 Announces Fourth Quarter and Full-Year 2023 Results

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

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

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

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

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

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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.
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TransUnion Announces Earnings Release Date for Fourth Quarter 2023 Results

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TransUnion (TRU) will release its Q4 2023 financial results on February 13, 2024, followed by a conference call to discuss the earnings. The press release and webcast will be accessible through the TransUnion Investor Relations website.
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Amidst the Impact of Interest Rate Movements, TransUnion Introduces New Solution to Better Assess Property Values

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TransUnion (TRU) unveils TruVision Consumer Property Insights for Portfolio Management to help lenders and borrowers manage risks associated with property value fluctuations. The Q3 2023 TransUnion Credit Industry Insights Report shows tappable home equity rose to $19.7 trillion in Q2 2023, with an anticipated drop in interest rates motivating homeowners to tap into available equity. This tool provides lenders with insights to manage risk exposure and optimize portfolio performance.
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TransUnion Announces Enhanced Identity Graph for Marketing Solutions

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TransUnion (NYSE: TRU) enhances TruAudience® marketing solutions with improved identity graph, leading to a 25% increase in marketable phone numbers and a 54% increase in targetable IP addresses. The company's unique approach to graph building incorporates advanced AI, delivering more accurate identity resolution and robust demographic enrichment, with 98% coverage of the U.S. adult population and 125 million households. Hundreds of new attributes and 15,000 consumer propensities and behaviors are now available.
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FAQ

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

The current stock price of TransUnion (TRU) is $99.13 as of November 22, 2024.

What is the market cap of TransUnion (TRU)?

The market cap of TransUnion (TRU) is approximately 19.3B.

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.

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TransUnion

NYSE:TRU

TRU Rankings

#574 Ranked by Market Cap
#2039 Ranked by Dividends

TRU Stock Data

19.26B
194.33M
0.25%
104.35%
2.23%
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