Truist FinancialNYSE: TFC

CHARLOTTE, N.C. , June 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today released the results of its annual company-run stress test, conducted in accordance with the regulations of the Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation, under the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Truist (TFC) is well-positioned for top-line improvement, supported by higher interest rates and decent loan growth. Yet, elevated costs might hurt profits.

CHARLOTTE, N.C. , June 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second-quarter 2024 financial results before the market opens on Monday, July 22, 2024.

Truist management has faced deserved criticism for poor execution and lagging performance, but deal integration challenges should be largely over and the insurance sale creates new options. Management has already used some of the insurance sale proceeds to reposition the balance sheet, improving the securities yield and adding net interest income leverage. Despite challenges in organic market share, Truist still compares well on metrics like net interest margin, asset yield, and operating efficiency, and the bank has capital to invest in growth.

Bill Gross thinks investors should be "exuberant" about one bank stock, in particular. He likes the stock's valuation and the bank's low exposure to commercial real estate.

Latest round of funding aims to serve as an example of corporate philanthropy's opportunity to catalyze innovation and scale successful solutions CHARLOTTE, N.C. , May 30, 2024 /PRNewswire/ -- Truist Foundation today announced philanthropic funding for 11 nonprofit organizations working to pilot emerging solutions or scale existing successful initiatives into new regions.

CHARLOTTE, N.C. , May 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it will redeem all $1,000,000,000 principal amount outstanding of its floating rate senior notes due June 9, 2025 (CUSIP 89788MAF9) on the redemption date of June 9, 2024.

Truist Financial (TFC) remains well-poised for top-line growth driven by loan demand and fee income growth, restructuring plans and higher rates. However, high costs and weak asset quality are woes.

Kelly King, Former Truist CEO, joins 'Closing Bell Overtime' to talk regional banks and why the U.S. has seen less banking consolidation recently.