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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Truist Financial Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Truist Financial Corporation's position in the market.
Rhea-AI Summary
Truist Financial Corporation (TFC) sells its stake in Truist Insurance Holdings to private equity firms, boosting balance sheet and strategic flexibility. The $15.5 billion deal enhances core banking franchise, increases capital ratio by 230 basis points, and raises tangible book value per share by 33%. The sale is expected to be $0.20 dilutive to 2024 earnings per share. Stone Point Capital and Clayton, Dubilier & Rice to lead investor group in the transaction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.5%
Tags
-
Rhea-AI Summary
Truist Financial Corporation announces the Truist Community Catalyst Initiative, a $5 million program impacting over 10,000 individuals across 13 states. The initiative focuses on affordable housing, small business access to capital, workforce development, and essential community services, supporting 17 efforts and 54 communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
-
Rhea-AI Summary
Truist Financial Corporation (TFC) CFO Mike Maguire is scheduled to speak at the BofA Securities Financial Services Conference on February 21, 2024, at 10:30 a.m. ET. A live audio webcast will be available on ir.truist.com under Events & Presentations, with a 30-day replay available on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.66%
Tags
Rhea-AI Summary
Truist has been recognized for the third consecutive year by JUST Capital and CNBC as one of America's Most JUST Companies, ranking #14 overall out of 937 brands. The company's focus on responsible business practices and corporate citizenship has been acknowledged as it supports stakeholders such as shareholders, teammates, clients, and communities. Truist's commitment to executing responsible business practices and living its purpose has been highlighted, earning recognition as a leader in supporting workforce retention, providing benefits, and work-life balance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
Tags
-
Rhea-AI Summary
Guardian Capital Group Limited (TSX:GCG) announced the acquisition of Sterling Capital Management LLC from Truist Financial Corporation (NYSE: TFC) for $70MM, expanding Guardian's scale as a global asset manager and adding $76B in assets under management. The transaction is expected to close in Q2, 2024, allowing Sterling to operate as a standalone entity under Guardian's oversight.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.79%
Tags
-
Rhea-AI Summary
Truist Financial Corporation (TFC) has declared a regular quarterly cash dividend of $0.52 per common share, payable on Mar. 1, 2024. The Board also declared regular cash dividends on various series of preferred stock, with dividends ranging from $0.296875 to $22.11361 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
Rhea-AI Summary
Star Mountain Capital, a specialized private credit and secondaries investment manager, has announced that Ravi Ugale has joined as a Managing Director. Mr. Ugale brings over 30 years of private capital fund and direct investment experience, business operations, governance, and leadership experience. With $4 billion in assets under management, Star Mountain is a purpose-built business with one of the largest teams focused on investing in established, profitable, small and medium-sized private U.S. businesses. Ravi Ugale is expected to contribute to Star Mountain's investor-centric business model and further bolster its secondaries, governance, reporting, and client partner team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
-
Rhea-AI Summary
Truist Financial Corporation (TFC) reported its fourth quarter 2023 results, with investors able to access the live earnings call. The earnings release, investor presentation, and detailed financial schedules are available on Truist's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
-
Rhea-AI Summary
Truist Financial Corporation (NYSE: TFC) will report Q4 2023 financial results on Jan. 18, 2024. Chairman and CEO Bill Rogers and CFO Mike Maguire will host a conference call at 8 a.m. ET. Investors can access the live earnings call via webcast or dial-in. Replay available for 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
Rhea-AI Summary
Truist Financial Corporation (NYSE: TFC) has announced the appointment of Scott A. Stengel as the senior executive vice president and chief legal officer, succeeding Ellen M. Fitzsimmons. Stengel brings deep financial services legal experience and will oversee all legal affairs and government relations at the company's corporate headquarters in Charlotte. Truist Chairman and CEO Bill Rogers expressed optimism about Stengel's ability to guide the company through industry changes and fulfill its purpose of inspiring and building better lives and communities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
Tags
Truist Financial Corporation
NYSE:TFC
TFC Rankings
TFC Stock Data
53.48B
1.33B
0.27%
72.91%
0.92%
Commercial Banking
Finance and Insurance
United States of America
CHARLOTTE
About TFC
bb&t and suntrust formed truist with a shared purpose—to inspire and build better lives and communities. with our combined resources, collective passion, and commitment to innovation, we’re creating a better financial experience to help people and businesses achieve more.with 275 years of combined bb&t and suntrust history, truist serves approximately 12 million households with leading market share in many high growth markets in the country. the company offers a wide range 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. headquartered in charlotte, north carolina, truist is the sixth-largest commercial bank in the u.s. truist bank, member fdic. learn more at truist.com and see social media terms and conditions at truist.com/socialterms.