Truist Finl Corp Stock Price, News & Analysis

Truist Financial Corporation (NYSE: TFC) has appointed Ankur Vyas as the new head of Investor Relations, effective immediately. Reporting to CFO Daryl Bible, Vyas has a comprehensive background in financial services, having led Investor Relations at SunTrust for six years. He is a Chartered Financial Analyst and has received accolades in investor relations. Truist, with total assets of $518 billion as of March 31, 2021, aims to deliver high-quality communication about its strategy and performance to stakeholders.

Truist Financial Corporation (NYSE: TFC) announced that CEO Kelly S. King and CFO Daryl N. Bible will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2021, at 10:15 a.m. ET. The event will be held virtually, with a live audio webcast accessible on the company's investor relations website. A replay will be available for 30 days post-event. Truist is a major U.S. commercial bank with $518 billion in assets, offering diverse financial services aimed at improving lives and communities.

On May 24, 2021, Truist Insurance Holdings, a subsidiary of Truist Financial Corporation (NYSE: TFC), announced a definitive agreement to acquire Constellation Affiliated Partners from RedBird Capital Partners. This acquisition is expected to add approximately $160 million to annual revenue within Truist's wholesale division. The deal aims to enhance Truist's insurance offerings and expand its national programs business, effectively doubling its programs capacity. Notably, Constellation's specialties include contractors' general liability and professional liability.

Truist Financial Corporation (NYSE: TFC) has expanded its Commercial Community Bank's Industry Consulting team by adding experts in the waste and environmental services and building products sectors. The bank, serving businesses with revenues between $2 million and $500 million, aims to enhance client relationships with tailored solutions. Prachi Wagner and Matt Roth will lead these new specialties, bringing extensive experience to the roles. Truist's industry expertise covers various fields, enhancing its competitive edge in the market.

Truist Financial Corporation (NYSE: TFC) announced that CFO Daryl N. Bible will present at the Barclays Americas Select Franchise Conference on May 18, 2021, at 7 a.m. ET. This event will be conducted virtually, and presentation materials along with a live audio webcast will be accessible on the company's investor relations website, ir.truist.com. A replay will be available for 30 days. Truist is the sixth-largest commercial bank in the U.S., with total assets of $518 billion as of March 31, 2021.

Truist Financial Corporation (NYSE: TFC) announces the redemption of all 18,600 shares of its 5.625% Series H Non-Cumulative Perpetual Preferred Stock on June 1, 2021. Each share will be redeemed at $25, totaling $465 million for the Series H Depositary Shares. Holders will receive regular dividends for the current quarter on June 1, 2021, but all dividends will cease to accrue after the redemption date. The redemption will be processed through The Depository Trust Company by Computershare Trust Company, N.A.

Truist Financial Corporation (NYSE: TFC) has announced a multiyear partnership with Operation HOPE, aimed at enhancing financial resources and support within underserved communities. The partnership includes expanding the HOPE Inside coaching program to 1,000 branches, investing in the 1 Million Black Business Initiative, and providing digital access to financial education. Truist's financial commitment underscores its dedication to fostering economic opportunities, particularly for Black entrepreneurs. This initiative is part of Truist's broader mission to inspire and build better lives and communities.

Truist Financial Corporation (NYSE: TFC) announced a quarterly cash dividend of $0.45 per common share, payable on June 1, 2021, to shareholders of record by May 14, 2021. Additionally, dividends were declared for various series of preferred stock, including Series H ($351.5625), Series I ($1,022.22222), Series J ($1,022.22222), Series L ($2,525.00), Series M ($2,562.50), Series O ($328.125), Series P ($618.75), and Series R ($296.875), all payable on June 1 or June 15, 2021, depending on the series.