- Banks - Regional
- Financial Services
-
-1.35
EPS
-
-30.42
P/E
-
55.2B
MARKET CAP
-
5.05%
DIV YIELD
Company Overview
214 NORTH TRYON STREET,CHARLOTTE NC 28202,3367332000
CEO
Mr. William Henry Rogers Jr.
Employess
41368
Sector
Financial Services
Industry
Banks - Regional
Website
https://www.truist.com
Truist Financial Corporation, a holding company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings. Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; bankcard lending; consumer finance; home equity and mortgage lending; insurance, such as property and casualty, life, health, employee benefits, workers compensation and professional liability, surety coverage, title, and other insurance products; investment brokerage; mobile/online banking; and payment, lease financing, small business lending, and wealth management/private banking services. In addition, it offers association, capital market, institutional trust, insurance premium and commercial finance, international banking, leasing, merchant, commercial deposit and treasury, government finance, commercial middle market lending, small business and student lending, floor plan and commercial mortgage lending, mortgage warehouse lending, private equity investment, real estate lending, and supply chain financing services. Further, the company provides corporate and investment banking, retail and wholesale brokerage, securities underwriting, and investment advisory services. As of December 31, 2021, the company operated through 2,517 banking offices. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.
Next Earnings Date
Oct. 17, 2024
Ex Dividends date
Sep. 03, 2024
Dividend Date
Aug. 9, 2024
YTD Performance
9.89%
Fiscal Year End
12-31
IPO Date
1980-03-18
Growth Rates
(avg. rate of change) | 10 years | 5 years | 3 years | 1 year |
---|---|---|---|---|
Sales/Revenue | 13.91% | 24.84% | 17.84% | 49.74% |
EPS | -3.19% | -3.64% | -8.11% | -18.39% |
Equity | 10.01% | 14.43% | -5.85% | -2.33% |
Cash | 31.27% | 51.18% | 17.55% | 43.06% |
Return On Capital (ROIC) | 4.63% | 4.09% | 4.16% | -0.20% |
Debt
year (millions) | 2023 | 2022 | 2021 | 2020 | 2019 |
---|---|---|---|---|---|
Short Term Debt | 25,000 | 23,400 | 5,290 | 6,090 | 18,200 |
Long Term Debt | 38,900 | 43,200 | 35,900 | 39,600 | 41,300 |
LT Finance Leases | 1,270 | 1,250 | 1,320 | 1,570 | 1,850 |
Shares Outstanding | 1,330 | 1,330 | 1,340 | 1,350 | 805 |
Market Cap | 49,200 | 57,100 | 78,300 | 64,600 | 45,300 |
Price
News
Truist names Steve Hagerman chief information officer
1 monthCHARLOTTE, N.C. , Aug. 8, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Steve Hagerman will be its new chief information officer.
prnewswire.comTruist Foundation increases support for Southeastern communities impacted by storm Debby
1 monthAdditional $100,000 grant will help communities across the Carolinas recover from anticipated flooding CHARLOTTE, N.C. , Aug. 7, 2024 /PRNewswire/ -- As storm Debby moves up the Southeastern coastline, Truist Foundation today announced it will donate an additional $100,000 to support relief and recovery efforts in impacted communities in South Carolina and North Carolina in anticipation of catastrophic flooding.
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finbold.comZacks Industry Outlook JPMorgan,U.S. Bancorp and Truist Financial
1 monthJPMorgan,U.S. Bancorp and Truist Financial have been highlighted in this Industry Outlook article.
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1 monthStephanie Link, CIO at Hightower, joins CNBC's "Halftime Report" to detail her latest trades.
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1 monthHigh funding costs and weakening asset quality will hurt Zacks Major Regional Banks. Yet, interest rate cuts, modest loan demand, decent economic growth and business restructuring efforts are likely to aid industry players like JPMorgan (JPM), U.S. Bancorp (USB) and Truist (TFC).
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1 monthFed Chair Jerome Powell hinted that a rate cut could arrive in September. Lower interest rates are likely to encourage bond investors to move back into dividend stocks.
fool.comTruist Foundation supports Southeastern communities impacted by Tropical Storm Debby with $100,000 grant
2 monthsFunds will help provide immediate relief, support long-term recovery efforts CHARLOTTE, N.C., Aug. 4, 2024 /PRNewswire/ -- As Tropical Storm Debby approaches the Florida coast, Truist Foundation today announced it will donate $100,000 to support relief and recovery efforts in impacted communities across the Southeast.
prnewswire.comTFC or PNC: Which Is the Better Value Stock Right Now?
2 monthsInvestors with an interest in Banks - Major Regional stocks have likely encountered both Truist Financial Corporation (TFC) and The PNC Financial Services Group, Inc (PNC). But which of these two stocks is more attractive to value investors?
zacks.comFinal Trades: Amazon, Truist Financial and the XBI
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youtube.comAppBrilliance Brings Real-Time Frictionless Payments to Closed Loop Digital Wallets With RTP & FedNow
2 monthsAUSTIN, Texas , July 29, 2024 /PRNewswire/ -- AppBrilliance, a pioneer in real-time payment solutions with its cutting-edge Money API™ platform, is leveraging a recent rule change by The Clearing House to expand use-cases for Real Time Payments (RTP) to closed-loop digital wallets in the US. AppBrilliance is leveraging a rule change by The Clearing House to bring Real-Time Payments (RTP) to closed-loop wallets.
prnewswire.comTruist Financial (TFC) Upgraded to Buy: What Does It Mean for the Stock?
2 monthsTruist Financial (TFC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
zacks.com