News
TFC-PRH
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TRUIST FINANCIAL CORP: RENEWAL OF THEIR LONG-TERM RETAIL FINANCING AGREEMENT IN UNITED STATES
Reuters · 04/08 12:30
BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Arch Capital, US energy sector
Wall Street's main stock indexes rose on Friday after a strong jobs report. Top three S&P 500 percentage gainers: Constellation Energy, Newmont and GE Aerospace. The top three NYSE percentage losers: Tesla, Arch Capital and Carnival. Arch Capital up on $450 million deal to buy some US insurance businesses.
Reuters · 04/05 17:56
BUZZ-Riley Exploration Permian tumbles on stock offering
Riley Exploration Permian's REPX.N shares down 17.1% at $27.80 premarket as follow-on offering prices. Oil and gas producer announces 2.1 million shares to be sold. Company on course for biggest one-day drop since June 2021.
Reuters · 04/04 11:45
MEDIA-Truist taps BofA’s Wirtz for asset-management dealmaking- Bloomberg News
Reuters · 03/19 17:20
ANALYSIS-US stocks may not be in a bubble, but a pullback could be near
US stocks may be in a bubble, but a pullback could be. The benchmark S&P 500 index is up over 25% in the last five months. The market has already made 16 record highs this year, the most in any first quarter since 1945. Some investors believe the market is due for a pause.
Reuters · 03/13 05:00
BRIEF-Truist Updates Schedule For 2024 Earnings Conference Calls
Reuters · 03/05 12:30
BREAKINGVIEWS-A $16 bln deal models buyouts’ modest comeback
A $16 billion deal models buyouts’ modest comeback, says Jonathan Guilford. Banks backed away from buyouts after interest rates began rising in 2022. M&A loans fell 80% last year from 2021's peak. Truist Financial’s insurance brokerage unit deal shows Wall Street lenders tiptoeing back.
Reuters · 02/28 15:45
BRIEF-Mubadala, Stone Point Capital And CD&R Announce Agreement To Purchase Remaining Stake In TIH
Mubadala, Stone Point Capital And CD&R Announce Agreement To Purchase Remaining Stake In TIH. The deal is expected to be completed in the second quarter of 2024. The company will buy the remaining stake in TIH at a value of $15.5 billion.
Reuters · 02/22 07:07
BUZZ-U.S. STOCKS ON THE MOVE-Barrick Gold, Western Midstream, ARS Pharma
The tech-heavy Nasdaq led losses on Wall Street on Tuesday. Nvidia fell sharply ahead of its earnings report. Walmart's upbeat forecast limited losses on the Dow. The Dow Jones Industrial Average was down 0.29% at 38,516.73. The top three S&P 500 percentage gainers were Discover Financial Services.
Reuters · 02/20 18:59
BUZZ-U.S. STOCKS ON THE MOVE-Allegion, Norfolk Southern, Intuitive Machines
The tech-heavy Nasdaq led losses on Wall Street as chipmaker Nvidia fell sharply in early trading. Walmart's upbeat forecast limited losses on the Dow Jones Industrial Average. Allegion, Norfolk Southern, Intuitive Machines are among the stocks on the move. The U.S. Stock market is down on Tuesday.
Reuters · 02/20 15:58
BUZZ-Truist dips after deal to sell remaining stake in insurance brokerage business
Truist Financial agrees to sell remaining stake in insurance brokerage business to an investor group. Shares of lender fall as much as 1.8% in morning trade, last down 0.5% at $35.93. Sale expected to increase TFC's CET1 capital ratio by 230%.
Reuters · 02/20 15:01
UPDATE 1-Truist to sell insurance brokerage business to investor group in $15.5 bln deal
Truist Financial Corp to sell its insurance brokerage business to investor group in $15.5 bln deal. Commercial and investment bank's profit had fallen in 2023 as it set aside more for rainy-day funds. Sale expected to increase Truist's capital ratio by 230 basis points.
Reuters · 02/20 11:11
Truist to sell insurance brokerage business in $15.5 bln deal
Truist Financial Corp to sell its insurance brokerage business to an investor group in a deal valued at $15.5 billion. Private equity firms Stone Point and CD&R lead the investor group. Truist Financial says it has reached an agreement to sell the business.
Reuters · 02/20 11:03
MEDIA-Truist nears sale of stake in insurance arm to Stone Point, CD&R - Bloomberg News
Reuters · 02/19 20:09
PREVIEW-Home Depot 2024 forecast in focus as investors pin hopes on sales recovery
Home Depot's annual forecast for 2024 in focus as investors pin hopes on sales recovery. The U.S. Home improvement bellwether reports fourth-quarter results on Tuesday. Home Depot and rival Lowe's are expected to report their fifth consecutive decline in quarterly same-store sales. Wall Street analysts have become increasingly bullish on recovery in the industry.
Reuters · 02/16 17:15
ANALYSIS-US bank lobbyists ranks swell to post-crisis high amid regulatory pushback
US bank lobbyists ranks swell to post-crisis high amid regulatory pushback. At the end of 2023, 486 federal lobbyists were working on behalf of banks with $50 billion or more in assets. The number of bank lobbyists is the highest since the 2007-09 global financial crisis. Growth in the bank lobby's ranks is driven by hiring among midsize lenders.
Reuters · 02/08 11:00
Carlyle buys $415 mln student loan portfolio from Truist
Carlyle buys $415 mln student loan portfolio from Truist Bank TFC.N. The acquisition comes alongside Carlyle's investment in student loan firm Monogram. Student loans are increasingly shunned by traditional lenders. Wells Fargo and Discover Financial are also exploring the sale of such loans.
Reuters · 01/24 14:47
January set to break record as busiest for new US corporate bonds
January set to break record as busiest for US corporate bonds. Two regional banks on Monday announced a two-part bond offering. $49 billion in investment grade corporate bond supply last week. First month of the year has already seen $151 billion in U.S. Corporate bond sales.
Reuters · 01/22 16:41
FACTBOX-US banks forecast interest income weakness in 2024
U.S. Banks that reported fourth-quarter results warn of decline in interest income in 2024. Higher payouts on deposits have resulted in an industry-wide contraction in interest margins. Potential rate cuts by the Federal Reserve will likely further dent margins this year, analysts say. Interest income has supported profits for a year due to rising interest rates.
Reuters · 01/19 16:05
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About TFC-PRH
Truist Financial Corp, formerly BB&T Corporation, is a financial holding company. The Company operates through its commercial bank subsidiary, Truist Bank (the Bank). It provides a range of banking services to individuals, businesses and municipalities. It offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It offers a range of other services, including deposits, life insurance, property and casualty insurance, health insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services.