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Truist Financial Corporation TFC - News Analyzed: 3,963 - Last Week: 99 - Last Month: 495

↘ Truist Financial Corporation (TFC) Sees Company-Wide Changes Amid Stock Rate Fluctuations and Strategic Moves

Truist Financial Corporation (TFC) Sees Company-Wide Changes Amid Stock Rate Fluctuations and Strategic Moves

Truist Financial Corporation (TFC) has seen a flurry of activity recently. The company completed the sale of Truist Insurance Holdings, executing strategic balance sheet repositioning and adjusting revenue guidance. Fisher Asset Management LLC and Outfitter Financial LLC reduced their Stock Holdings in TFC, while there's news that a high volume of call options for TFC have been purchased. Stock ratings have seen fluctuations with Moody's cutting TFC's long-term credit ratings to Baa1 after the TIH sale, yet its price target has been raised twice. TFC's stock performance showed moments of both outperforming and underperforming competitors. KPIs and revenue guidance for 2024 have seen adjustments, but notable is TFC's Q1 profit beat and warnings on Full-Year revenue. Key leadership changes are happening, with the election of Laurence Stein to the board of directors and the finalization of the leadership change post the Major Insurance Unit Sale.

Truist Financial Corporation TFC News Analytics from Tue, 03 Oct 2023 07:00:00 GMT to Sun, 12 May 2024 10:17:38 GMT - Rating -2 - Innovation 0 - Information 8 - Rumor -4

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