Truist Finl Corp Stock Price, News & Analysis

Truist Wealth has launched Truist Trade, a self-directed investing solution allowing clients to open accounts and trade without commissions. This digital platform requires no minimum account balance and provides access to various investment accounts, including IRAs. Clients benefit from dedicated support and research materials. Developed with client input, Truist Trade complements existing services like Truist Invest and Invest Pro. With total assets reported at $548 billion as of September 30, 2022, Truist is a major player in the financial services sector.

Truist Financial Corporation (NYSE: TFC) announced a change in presentation time for its executives at the BancAnalysts Association of Boston Conference, now scheduled for November 4, 2022, at 10:35 a.m. ET. CFO Mike Maguire and Chief Insurance Officer John Howard will represent the company. A live audio webcast and presentation materials will be accessible on the company’s investor relations website. Truist, headquartered in Charlotte, North Carolina, is a major financial services institution with total assets of $548 billion as of September 30, 2022.

Truist Foundation and Truist Charitable Fund announced a $2 million grant to Black Business Investment Fund (BBIF) to support small business lending for BIPOC and underserved businesses in Central Florida. The grant aims to establish BBIF's Revolving Loan Fund, providing crucial loan capital following Hurricane Ian's impact. This initiative is part of Truist's broader $120 million commitment to bolster small businesses, especially those owned by racially and ethnically diverse individuals. The partnership, ongoing since BBIF's inception, aims to enhance economic mobility through accessible funding.

On October 25, 2022, Truist Financial Corporation (TFC) announced a quarterly cash dividend of $0.52 per common share, payable on December 1, 2022, to shareholders of record by the close of business on November 10, 2022.

The company also declared dividends on various series of preferred stock, with notable details including $1,011.11111 for Series I and Series J, payable on December 15, 2022, among others, all with a record date of November 10, 2022.

Truist Financial Corporation (NYSE: TFC) announced that CFO Mike Maguire and Chief Insurance Officer John Howard will present at the BancAnalysts Association of Boston Conference on November 4, 2022, at 12:05 p.m. ET.

Participants can access a live audio webcast and presentation materials on the company’s investor relations website, with a replay available for 30 days. As of September 30, 2022, Truist, headquartered in Charlotte, North Carolina, boasts total assets of $548 billion, making it a leading U.S. commercial bank.

Truist Foundation announced the Atlanta Wealth Building Initiative as the top recipient of the inaugural Inspire Awards grant, receiving $250,000 to support its project aimed at addressing Atlanta's racial wealth divide. The event, hosted by Lisa Ling, recognized nonprofits aiding BIPOC and women-owned small businesses. A second-place grant of $150,000 was awarded to Synergies Work, which also received an additional $75,000 as the Audience Favorite. Other finalists received $25,000 grants. Truist Foundation’s initiative highlights its commitment to creating economic opportunities.

Truist Financial Corporation (TFC) reported third-quarter 2022 GAAP earnings of $1.5 billion, or $1.15 per diluted share, reflecting a 5% decline from Q3 2021. Adjusted earnings rose to $1.7 billion, or $1.24 per share, influenced by strong loan growth and expanded net interest margins. However, fee revenues were impacted by adverse market conditions. The company maintains strong capital, liquidity, and credit quality, with a common equity tier 1 ratio of 9.1%. Net charge-offs increased to 0.27% of average loans, reflecting normalizing trends. Overall, asset quality remains robust amidst a challenging market.