Truist Financial Corporation (TFC) continues to attract significant investment as various firms, including
Oak Thistle LLC, Benedict Financial Advisors Inc., and Freemont Management S.A., purchase shares. The company's
Q2 earnings were less than expected but it still reported
strong loan growth and continues to push the digitisation of its services. Investments have also been made by
Y Intercept Hong Kong Ltd, AE Wealth Management LLC, Madison Asset Management LLC, Balentine LLC, Peregrine Asset Advisers Inc., and Diamond Hill Capital Management Inc. Despite missing EPS expectations in its second quarter, the company's stock price continues to impress, up 8.8% over the last week. TFC's strategic moves also indicate its
financial strength, including an early note redemption totalling $1.5 billion. Moreover, TFC is in the spotlight due to the launch of its new Truist
Merchant Engage platform, which supports payment innovation for U.S. SMBs. However, despite these growth indicators, there is some investor sell-off evidenced by share offloads from Choreo LLC, Equitable Trust Co., Los Angeles Capital Management LLC, Auto Owners Insurance Co, and AMG National Trust Bank.
Truist Financial Corporation TFC News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Sat, 26 Jul 2025 22:45:55 GMT -
Rating 6
- Innovation 4
- Information 8
- Rumor -3
