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) has appointed Denise M. DeMaio as Chief Audit Officer, effective Feb. 28, 2022. DeMaio succeeds Dale Jeanes, who is retiring after over 33 years of service. She will lead the internal audit function and advise management on risk trends. Previously, DeMaio held senior audit roles at Mitsubishi UFJ Financial Group and TD Bank. DeMaio holds an MBA from Northwestern University and is a certified public accountant.
Truist, headquartered in Charlotte, North Carolina, boasts total assets of $530 billion as of Sept. 30, 2021.
Truist Financial Corporation (NYSE: TFC) has expanded its partnership with Operation HOPE, making financial wellness coaches available in 600 branches. This initiative follows a $20 million investment aimed at supporting the creation of one million Black-owned businesses by 2030. Since 2013, nearly 175,000 financial empowerment services have been offered, with many clients reporting improvements in credit scores and savings. Truist plans to further expand this program, aiming for 1,000 branches by 2024, enhancing access to financial coaching for underserved communities.
Truist Financial Corporation (NYSE: TFC) has published its inaugural Task Force on Climate-Related Financial Disclosures (TCFD) Report, focusing on climate-related risks, opportunities, and progress. Key highlights include the establishment of a dedicated climate risk management function, $580 million committed to renewable energy projects in 2020, and earning a CDP Climate score of B. The report underscores Truist's commitment to aiding clients in transitioning to a lower-carbon economy following the BB&T and SunTrust merger in December 2019.
Truist Financial Corporation (NYSE: TFC) will unveil its fourth-quarter 2021 financial results on January 18, 2022, before the market opens. This announcement follows a change in the timing of the earnings conference call, which will now take place at 8:30 a.m. ET. CEO William H. Rogers Jr. and CFO Daryl N. Bible will detail the company's performance. Investors can tune in via a live audio webcast on the Truist investor relations site or by phone. Truist, formed from the merger of BB&T and SunTrust, has total assets of $530 billion as of September 30, 2021.
Truist Financial Corporation (TFC) and Sterling Capital Management have launched the Sterling Capital Diverse Multi-Manager Active ETF (DEIF), aiming to enhance investment opportunities for diverse-owned asset managers. Truist has allocated $100 million to support this ETF's launch. DEIF features three actively managed strategies focusing on U.S. large-cap value, large-cap growth, and mid-cap core, each handled by diverse-owned sub-advisors. The initiative aims to advance diversity, equity, and inclusion in financial services while providing investors access to these strategies.
Truist Financial Corporation (NYSE: TFC) announced the redemption of all $1 billion principal amount of its 2.70% senior notes due on January 27, 2022 on the redemption date of December 27, 2021. The redemption price will be 100% of the principal amount plus accrued interest until the redemption date. Payments for the redemption will be managed through The Depository Trust Company. As a top 10 U.S. commercial bank, Truist has total assets of $530 billion as of September 30, 2021.
Truist Financial Corporation (NYSE: TFC) has announced a partnership with AutoFi, enhancing car financing options for clients shopping through participating dealers. Clients can quickly submit online credit applications, enabling real-time access to Truist financing alongside competitor offers. This collaboration aims to redefine digital automobile sales by providing transparency and convenience. Truist supports nearly 1,000 dealers on the AutoFi platform, promoting a seamless transaction experience. This initiative aligns with Truist's commitment to combining technology and personal service for better customer trust.
Truist Bank, based in Charlotte, N.C., announced the redemption of $1 billion in fixed rate senior notes, set to mature on January 15, 2022. The redemptions will occur on December 15, 2021, with investors receiving 100% of the principal plus accrued interest up to the redemption date. The interest on these notes will cease post-redemption. Truist Financial, holding assets of $530 billion as of September 30, 2021, is a major player in the financial services sector, offering a broad range of banking and financial solutions.
Microsoft and Truist Financial announced an RFP for the Mission-Driven Bank Fund, aimed at supporting FDIC-insured Minority Depository Institutions and Community Development Financial Institutions. Open from Dec. 2, 2021, to Feb. 4, 2022, the fund will provide "patient capital" prioritizing social impact over returns. As anchor investors, Microsoft and Truist seek diverse fund managers, underscoring their commitment to inclusivity and community development. The fund's creation involves input from 70 CEOs in the MDI and CDFI sectors to expand access to affordable financial products in historically excluded communities.
Sheffield Financial, a division of Truist Bank, has renewed its multiyear financing services program with American Honda Motor Co., effective immediately. The agreement provides lending services for Honda Power Equipment and Honda Marine customers through dealer networks. It covers installment financing for various Honda products, including generators and outboard marine engines. Sheffield Financial aims to support Honda's vision for a carbon-free society while offering flexible financing solutions to enhance customer access to high-quality outdoor power and marine products.