Truist Financial Corporation (TFC) has been in the news due to a broad range of strategic moves and financial performance updates. Strategic SWOT insights were offered into the company and it announced the redemption of its Series L Depositary Shares. TFC reported higher revenue and profit for Q3 and beat Q3 earnings and revenue estimates. Investment banks, F M Investments LLC and abrdn plc, boosted their holdings in TFC. Shares of the company were sold by SteelPeak Wealth LLC and Schwartz Investment Counsel Inc. while Compass Ion Advisors LLC acquired 45,351 shares. Dividends of $0.52 were also declared and paid out. Q3 earnings were solid, beating expectations with an income of $5.14 billion and an EPS of $0.99. They also displayed strong investment banking revenue. Some of TFC's key initiatives include its Electronic Bill Presentment and Payment solution to accelerate cash flow and enhance client satisfaction. However, the firm saw a decline in noninterest income.
Truist Financial Corporation TFC News Analytics from Thu, 14 Mar 2024 07:00:00 GMT to Sat, 02 Nov 2024 14:35:41 GMT -
Rating 7
- Innovation 3
- Information 8
- Rumor -2
