Welcome to our dedicated page for Truist Finl news (Ticker: TFC), a resource for investors and traders seeking the latest updates and insights on Truist Finl stock.
Truist Financial Corporation reports news as a large U.S. banking and financial services company serving consumer, small business, commercial, corporate, institutional and high-net-worth clients. Its recurring updates cover quarterly results, common and preferred stock dividends, share repurchase activity, debt issuance, and business-line developments across consumer banking, wholesale banking, wealth management, payments, investment banking and specialized lending.
Company announcements also address digital banking and data-access partnerships, Enterprise Payments and treasury management activity, Truist Securities advisory and capital markets capabilities, and Truist Wealth investment solutions. Truist emerged from the combination of BB&T and SunTrust and operates through Truist Bank and related financial-services businesses.
Truist Financial Corporation (NYSE: TFC) is set to release its fourth-quarter 2022 financial results on January 19, 2023, before the market opens. The earnings call, led by Chairman Bill Rogers and CFO Mike Maguire, will take place at 8 a.m. ET. Investors can access the call via a live audio webcast on the company's investor relations page or by calling 855-303-0072 with the passcode 100038. Truist, headquartered in Charlotte, North Carolina, has a total asset base of $548 billion as of September 30, 2022.
Truist Financial Corporation (NYSE: TFC) has raised its prime lending rate from 7.00% to 7.50%, effective December 15, 2022. This adjustment reflects current market conditions and may influence borrowing costs for consumers and businesses. The bank, headquartered in Charlotte, North Carolina, holds total assets of $548 billion as of September 30, 2022, establishing itself as a significant player in the financial services sector.
Truist Foundation announced a $3.75 million grant to Access to Capital for Entrepreneurs (ACE) to expand lending for minority-owned businesses in rural Georgia. This is the largest grant in ACE's history and will enhance access to capital over three years to meet rising demands. ACE aims to increase job creation and support minority entrepreneurs, aligning with Truist's broader $120 million initiative to support small businesses. In 2021, ACE closed $37.3 million in loans and created or retained 4,368 jobs.
Truist Foundation announced a $3.5 million grant to PeopleFund, a Texas-based CDFI, aimed at fostering economic opportunity for underserved individuals. This grant supports the BIPOC Small Business Accelerator, initially started with a $100,000 grant and a $3 million loan from Truist. The funding aligns with Truist's $120 million commitment to strengthen small businesses, focusing on racially diverse entrepreneurs. Additionally, Truist announced further grants totaling $1 million to SERJobs and Junior Achievement to enhance economic mobility through education and training.
Truist Financial Corporation (NYSE: TFC) announced that its Chairman and CEO, Bill Rogers, will present at the Goldman Sachs 2022 US Financial Services Conference on December 6, 2022, at 11:20 a.m. ET. A live audio webcast of the presentation and accompanying materials will be available on Truist's investor relations website. A replay will be accessible for 30 days post-event. As of September 30, 2022, Truist, headquartered in Charlotte, North Carolina, has total assets of $548 billion and provides diverse financial services.
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.
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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.