Welcome to our dedicated page for TransUnion news (Ticker: TRU), a resource for investors and traders seeking the latest updates and insights on TransUnion stock.
TransUnion (NYSE: TRU) is a leading global provider of credit information and risk management solutions, serving businesses and consumers across 30+ countries. This dedicated news hub delivers essential updates on corporate developments, financial performance, and strategic initiatives shaping the credit data industry.
Access real-time announcements including quarterly earnings disclosures, executive leadership changes, and technology partnerships. Our curated collection features press releases covering product launches like AI-driven fraud detection tools, expansion into new markets, and innovations in alternative credit scoring models.
Key updates include regulatory filings, merger & acquisition activity, and thought leadership content on financial inclusion trends. Investors will find comprehensive coverage of dividend declarations, share repurchase programs, and analyst commentary relevant to TRU's market position in the financial services sector.
Bookmark this page for streamlined access to verified TransUnion announcements. Check regularly for critical updates affecting credit reporting standards, data security enhancements, and emerging solutions in consumer finance technology.
TransUnion has partnered with Veeva Crossix to enhance marketing effectiveness for health brands across streaming media. This collaboration incorporates high-demand health audience data into TransUnion's TruAudience Data Marketplace, facilitating targeted advertisements for both consumers and healthcare providers. The health advertising sector is experiencing significant growth, with pharmaceutical spending reaching $5.6 billion in the U.S. in 2021. The integration of Veeva Crossix segments aims to improve targeting efficiency and maximize ROI for health advertisers in an increasingly digital landscape.
TransUnion (NYSE: TRU) will have its President and CEO, Chris Cartwright, present at the J.P. Morgan Ultimate Services Investor Conference on November 17, 2022, starting at 8:10 a.m. CT. A live webcast of the event will be accessible on their Investor Relations website, with a replay available afterwards. TransUnion, a global information and insights company, operates in over 30 countries, providing solutions that empower businesses and consumers for confident transactions.
The Q3 2022 Credit Industry Insights Report from TransUnion reveals rising trends in credit usage amid inflationary pressures. Unsecured personal loans and credit card balances hit record highs, with bankcard balances reaching $866 billion, a 19% year-over-year increase. Delinquencies are rising, particularly in subprime segments, but remain in line with pre-pandemic levels. The Credit Industry Indicator dropped to 120, indicating deteriorating credit health, with concerns about lending to below-prime risk tiers amidst high inflation and potential recession risks.
TransUnion (NYSE: TRU) declared a $0.105 cash dividend per share for Q3 2022. This dividend will be payable on December 2, 2022, to shareholders registered by November 17, 2022. This dividend declaration reflects the company's ongoing commitment to returning value to its shareholders through consistent income generation.
CHICAGO, Nov. 01, 2022 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced that Todd Cello, CFO, will present at the Baird Global Industrial Conference on November 8, 2022, at 2:20 p.m. CT. A live webcast will be available on the TransUnion Investor Relations website, and a replay will be accessible afterward.
TransUnion operates globally, providing insights to enable businesses and consumers to transact confidently. The company focuses on creating economic opportunities and personal empowerment across more than 30 countries.
TransUnion, through its subsidiary Neustar, announced the winners of the 2022 ANA Genius Awards at the ANA Masters of Marketing conference in Orlando, Florida. The awards celebrate organizations excelling in marketing analytics, with notable winners including Hilton, Prudential, PepsiCo, and Sanofi. Each winner will receive a share of a
TransUnion (NYSE: TRU) reported a 26% increase in total revenues for Q3 2022, reaching $938 million, driven by strong performance in International and U.S. Financial Services. However, net income fell to $79 million, down from $114 million a year earlier, and diluted earnings per share decreased to $0.41. For 2022, the company expects organic revenue growth to be around 7%, adjusting for currency headwinds. The U.S. mortgage sector is projected to see revenue declines of 30-35% due to significant inquiry drops.
The recent TransUnion study highlights the potential for mortgage origination growth despite a decrease in overall applications. Key findings reveal that 95% of low-to-moderate income (LMI) consumers are credit eligible for mortgages, along with significant proportions of veterans and self-employed individuals. Many potential homebuyers withdrew applications or were turned down, indicating opportunities for lenders. The study emphasizes the need for targeted outreach to these consumer segments and highlights high tappable home equity among them, despite declining refinancing activity.
TransUnion's 2022 Consumer Holiday Shopping Report reveals a notable rise in consumer anxiety about fraud, with 54% of shoppers concerned this holiday season, up 17% from the previous year. The report highlights a 20% increase in consumer acceptance of identity verification measures during online shopping. Additionally, 26% plan to spend more this year, reflecting a 44% growth compared to last year, driven by higher incomes and enthusiasm. The report emphasizes the importance of security and seamless shopping experiences, as consumers show less tolerance for negative experiences.
TransUnion's latest study reveals rising auto loan delinquency rates driven by lower vehicle inventories and higher prices. Despite this, consumers continue to prioritize auto payments just after mortgages. A backlog of delinquencies from government relief measures contributes to the current delinquency levels. Observations indicate that while serious delinquencies have risen, vintage performance remains stable. The report highlights the importance of adapting lending strategies in the evolving economic landscape.
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