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 (NYSE: TFC), formed through the historic merger of BB&T and SunTrust, operates as a leading provider of banking and financial services across consumer, commercial, and institutional sectors. This news hub offers centralized access to official announcements and market-moving developments.
Investors and industry observers will find curated updates spanning quarterly earnings reports, strategic acquisitions, leadership changes, and regulatory filings. The collection serves as a vital resource for tracking operational milestones in retail banking, wealth management solutions, and corporate lending activities.
Our news feed prioritizes factual reporting on capital allocation strategies, digital banking innovations, and market expansion initiatives. Users can monitor TFC's progress in integrating traditional financial expertise with emerging technologies across its 11-state footprint.
Bookmark this page for direct access to primary source materials and analysis-free updates. Combine regular visits with SEC filings and investor relations materials for comprehensive due diligence.
Greenville Technical College has launched the Truist Culinary and Hospitality Innovation Center, thanks to a $1 million grant from the Truist Foundation. This facility aims to bridge the gap between local restaurants' workforce needs and residents' training requirements. Featuring a 13,000-square-foot area, the center offers Quick Jobs programs in culinary skills with potential career pathways in hospitality. The center is backed by various donors, enhancing educational opportunities in the community.
Truist Financial Corporation's Leadership Institute, formerly BB&T Leadership Institute, rebrands to enhance its commitment to developing future leaders. Chairman Kelly S. King emphasizes the transformative impact of effective leadership on communities. The institute offers programs in leadership, team performance, and employee engagement. It provides free leadership training for public school principals and collaborates with over 75 colleges. With a 60-year legacy, Truist Leadership Institute combines neuroscience and behavioral science to foster strong leadership cultures across organizations.
Truist Financial Corporation (TFC) has announced a $40 million donation to create CornerSquare Community Capital, a nonprofit fund supporting community development financial institutions (CDFIs). This initiative aims to enhance lending capacity to diverse small business owners, focusing on women and individuals in low-income areas. CornerSquare, part of the NC Rural Center, will operate to increase access to loan products starting at $5,000. This funding represents Truist’s largest charitable commitment in the CDFI sector, furthering their goal to support underserved communities.
Truist Financial Corporation (NYSE: TFC) has launched Truist Ventures, integrating technology investments from SunTrust and BB&T. This new corporate venture capital division aims to establish strategic partnerships and invest in innovative firms, enhancing client solutions. Led by Vanessa Indriolo Vreeland, the focus includes disruptive technologies beyond traditional finance. Truist Ventures is also leading a funding round for Veem, a global payments network, to assist small and medium-sized businesses with seamless global transactions and expand Veem's product offerings.
Truist Financial Corporation (NYSE: TFC) has been awarded $65 million from the U.S. Treasury Department's Community Development Financial Institution Fund, tied for the largest allocation to any Community Development Entity. This marks the 10th award totaling $643 million since the program's inception. The funds will facilitate projects aimed at economic growth and community support, complementing Truist's $60 billion Community Benefits Plan. The bank has invested nearly $6 billion in capital to strengthen communities, enhancing its role as a leader in community development.
Truist Financial Corporation (NYSE: TFC) will release its third-quarter 2020 financial results before the market opens on October 15, 2020. CEO Kelly S. King and CFO Daryl N. Bible will host a conference call at 8:00 a.m. ET to discuss the results. The call can be accessed via 866-519-2796 with a passcode of 892418. The news release and presentation slides will be available on ir.truist.com. Truist is the sixth-largest U.S. commercial bank with total assets of $504 billion as of June 30, 2020.
Truist Financial Corporation (NYSE: TFC) announced that Chairman and CEO Kelly S. King will present at the Barclays Global Financial Services Conference on September 15, 2020, at 2:45 p.m. ET. A live audio webcast and presentation materials will be available on ir.truist.com during the event, with a replay accessible for 30 days post-conference.
Truist, headquartered in Charlotte, North Carolina, is a leading financial services company with total assets of $504 billion as of June 30, 2020, serving approximately 12 million households.
Truist Financial Corporation (NYSE: TFC) has announced the integration of its corporate and investment banking arms, SunTrust Robinson Humphrey and BB&T Capital Markets, under the new name, Truist Securities. This integration aims to enhance client services by leveraging combined expertise and resources. The transition, completed largely virtually due to the COVID-19 pandemic, showcases Truist's integration capabilities. With over 1,400 employees nationwide, Truist Securities offers a comprehensive range of financial services, including strategic advisory, capital markets, and risk management solutions.
Truist Financial Corporation (NYSE: TFC) announced a regular quarterly cash dividend of $0.45 per common share, payable on September 1, 2020. Shareholders of record on August 14, 2020 will receive this dividend. Additionally, dividends were declared for several preferred stock series, with payment dates also set for September 1. Key preferred stock dividends include Series F and Series G at $325.00 each, along with Series I and Series J at $1,022.22222. This announcement reflects Truist's ongoing commitment to returning value to shareholders.
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