Truist Finl Corp Stock Price, News & Analysis

Truist Foundation announced a $1 million grant to Emory University Goizueta Business School's Start:ME Accelerator program, the largest in the program's history. The initiative, aimed at small businesses in underserved Atlanta communities, provides a 14-week training program. Start:ME has supported 351 businesses in the last decade, with 80% of this year's cohort being female-led and 87% consisting of people of color. Truist, a long-time partner of Start:ME, believes strengthening small businesses can enhance economic opportunities. The grant will aid existing programs and expansion efforts for micro-entrepreneurs.

Truist Foundation continues its Inspiring Conversations series with President Lynette Bell engaging with Alan Alvarez of the Miami Bayside Foundation. This woman-led community development institution focuses on empowering historically disadvantaged business owners through social media and technology training, a vital initiative particularly as BIPOC-owned businesses faced significant challenges during the Covid-19 pandemic. Truist Foundation, aligned with Truist Financial Corporation (TFC), aims to enhance community quality of life by investing in initiatives that foster economic mobility and support small businesses, enhancing opportunities for a diverse range of entrepreneurs.

Truist Financial Corporation (NYSE: TFC) has appointed Tom Hackett as chairman and chief executive officer of Truist Securities, effective March 31, 2023, succeeding John Gregg, who is retiring. Hackett, who has over 30 years of experience in corporate and investment banking, has been with Truist since 2008 and served as president and COO since 2020. Hackett aims to enhance client experience through a comprehensive range of banking services. His leadership is expected to continue driving growth and establishing Truist Securities as a leading investment bank.

Truist Foundation has pledged a significant donation of $5 million to the American Red Cross to assist with growing humanitarian needs due to extreme weather events in the U.S. This commitment complements its annual contribution of $1 million. The funding will enhance the Red Cross's capacity to respond to disasters and support families in recovery, aiming to reduce poverty post-disaster. As natural disasters increase, Truist Foundation is encouraging other corporates to follow suit in supporting vulnerable communities. The Red Cross's Community Adaptation Program will utilize these funds to empower families affected by disasters.

On March 7, 2023, Truist Foundation announced a $5 million donation to the American Red Cross to bolster disaster response effectiveness amidst increasing natural disasters in the U.S. This donation supplements an existing annual commitment of $1 million. The funds aim to enhance recovery efforts for vulnerable communities affected by extreme weather events like hurricanes and wildfires. With this investment, the Red Cross plans to expand its Community Adaptation Program and enhance support through local partnerships. The initiative seeks to mitigate poverty risks post-disaster, highlighting the urgent need for robust community support systems.

Truist Financial Corporation (NYSE: TFC) has announced that Chief Financial Officer Mike Maguire will present at the RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 8, 2023, at 4 p.m. ET. The presentation will be accessible through a live audio webcast on the company's investor relations website. Interested parties can find the presentation materials and replay options available for 30 days post-event. Truist Financial, based in Charlotte, North Carolina, is a leading financial services company with total assets of $555 billion as of December 31, 2022, dedicated to enhancing lives and communities.

Truist Foundation, linked with Truist Financial Corporation (NYSE:TFC), focuses on economic mobility and support for small businesses in underserved areas. Established in 2020, it aims to create career pathways through strategic investments in nonprofit organizations. The Foundation's President, Lynette Bell, engages in discussions with leaders of supported nonprofits, such as Tim Renick from Georgia State University's National Institute for Student Success, highlighting efforts to assist low-income and first-generation students. The initiative aims to address systemic barriers and promote innovative solutions for community enhancement.

Coppin State University has launched the Eagle Achievement Center (EAC) to enhance student success, featuring collaborative spaces and innovative technology. The center aims to improve student retention and offers various support services, including academic advising and career services. A key highlight is a $2 million grant from Truist to establish the Truist Hub for Black Economic Mobility, the largest corporate commitment in the university's history. This partnership aims to create better educational and career support pathways for students and local communities, emphasizing commitment to fostering economic mobility.

Truist Financial Corporation (NYSE: TFC) has canceled its participation in the BofA Securities Financial Services Conference scheduled for February 16, 2023. This decision follows the announcement of an agreement to sell a minority stake in Truist Insurance Holdings, potentially shifting focus towards strategic asset management. The company's CFO, Mike Maguire, was slated to present at 8:50 a.m. ET.

Truist, headquartered in Charlotte, North Carolina, is a leading financial services firm with total assets valued at $555 billion as of December 31, 2022. The firm operates across various segments, including banking and wealth management.