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.
FAQ
What is the current stock price of Truist Financial Corporation (TFC)?
The current stock price of Truist Financial Corporation (TFC) is $42.77 as of September 30, 2024.
What is the market cap of Truist Financial Corporation (TFC)?
The market cap of Truist Financial Corporation (TFC) is approximately 57.3B.
What services does Truist Financial Corporation offer?
Truist offers services in 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.
Where is Truist Financial Corporation headquartered?
Truist Financial Corporation is headquartered in Charlotte, North Carolina.
What is the history of Truist Financial Corporation?
Truist was formed through the merger of BB&T and SunTrust in 2019. It inherits 275 years of combined history from these legacy banks.
How many households does Truist serve?
Truist serves approximately 12 million households across high-growth markets in the U.S.
Who recently joined Truist Securities?
Highly ranked analyst Jamie Cook recently joined Truist Securities as a managing director, expanding its equity research coverage in the industrials sector.
When will Truist report its financial results for Q1 2024?
Truist will report its first-quarter 2024 financial results on April 22, 2024, before the market opens.
What initiatives does the Truist Foundation support?
The Truist Foundation supports initiatives focused on building career pathways to economic mobility and strengthening small businesses.
What recent partnership did Sheffield Financial renew?
On April 8, 2024, Sheffield Financial renewed its long-term retail financing agreement with BRP US Inc.
What was the outcome of the sale of Truist Insurance Holdings?
Truist completed the sale of its remaining stake in Truist Insurance Holdings on May 7, 2024, enhancing its financial profile and raising approximately $10.1 billion in after-tax cash proceeds.
How does Truist support innovation?
Truist supports innovation through strategic investments in technology, collaborative culture, and expanding its expertise and capabilities to deliver differentiated value to clients.
Source: stocktitan.net