Stocks trade higher at the open, regional bank stocks rally
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Inspiring Conversations: Truist Foundation and Miami Bayside Foundation Connect on Removing Barriers for BIPOC-Owned Small Businesses
NORTHAMPTON, MA / ACCESSWIRE / March 21, 2023 / During its Inspiring Conversations audio series, Truist Foundation President Lynette Bell sits down with various partners of the foundation so they can share the amazing work their organizati…
Market bottom may be near, according to Michael Burry. Here are 2 stocks that may have already bottomed
Savvy investors can win on their trades whether the market goes up or down, and no one knows this better than Michael Burry. Burry, whose successes in profiting from the financial crisis of 2008 were featured in the book and film The Big S…
Regional bank stability has major impact on spring building season: NAHB CEO
Eleven of the largest U.S. banks reached a deal to deposit a combined $30 billion in First Republic Bank (FRC). Jerry Howard, CEO of the National Association of Home Builders, joined Yahoo Finance to explain how the banking industry strugg…
Eleven Banks Deposit $30 Billion in First Republic Bank
Eleven banks have deposited $30 billion in First Republic Bank, according to a joint statement from the heads of the Treasury, Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency. Continue rea…
Fed, Treasury, FDIC and OCC Say 11 Banks Have Deposited $30 Billion in First Republic
Eleven banks have deposited $30 billion in First Republic Bank, according to a joint government statement from the heads of the Treasury, Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency. C…
Fed, Treasury, FDIC, OCC Say 11 Banks Have Deposited $30 Billion in First Republic
Eleven banks have deposited $30 billion in First Republic Bank, according to a joint government statement from the heads of the Treasury, Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency. C…
Kevin O’Leary's advice for CEOs right now
The sudden failure of Silicon Valley Bank is rattling the banking sector. Many regional bank investors were quick to sell stocks like First Republic Bank (FRC), Truist Financial Corporation (TFC), Western Alliance Bancorporation (WAL) and…
Tom Hackett named chief executive officer of Truist Securities
Hackett succeeds John Gregg, who will retire ATLANTA, March 13, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that John Gregg will retire, and that Tom Hackett has been named chairman and chief executive off…
Stocks trade lower at the open following February jobs report
Yahoo Finance Live’s Ines Ferre breaks down how stocks are trading following the opening bell on Friday.
Truist Foundation Leads the Way with $5M Commitment to the American Red Cross to Grow Disaster Response Capacity
WASHINGTON, DC / ACCESSWIRE / March 9, 2023 / The American Red Cross celebrates Truist Foundation for its generous donation of $5 million to support the urgent humanitarian needs posed by extreme weather events across the U.S. Truist Found…
Truist Foundation leads the way with $5M commitment to the American Red Cross to grow disaster response capacity
Leading corporate investment aims to inspire other partners; will help the Red Cross alleviate growing impacts of natural disasters on America's most vulnerable communities WASHINGTON, March 7, 2023 /PRNewswire/ -- Today, the American Red…
Truist to present at the RBC Capital Markets Global Financial Institutions Conference
CHARLOTTE, N.C., March 1, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will present at the RBC Capital Markets Global Financial Institutions Conference on Wednesday…
Truist Foundation Introduces New Audio Series, Inspiring Conversations, Featuring In-Depth Discussions With Nonprofit Leaders
NORTHAMPTON, MA / ACCESSWIRE / February 28, 2023 / Truist Foundation is committed to Truist Financial Corporation's (NYSE:TFC) purpose to inspire and build better lives and communities. Established in 2020, Truist Foundation's grants and a…
Coppin State University Unveils Eagle Achievement Center, Announces $2 Million Grant From Truist for Black Economic Mobility Hub
BALTIMORE, MD / ACCESSWIRE / February 17, 2023 / Coppin State University, today, unveiled the Eagle Achievement Center (EAC), a centralized hub for resources that will support the academic, personal, and professional success of students, a…
Truist cancels participation in the BofA Securities Financial Services Conference
CHARLOTTE, N.C., Feb. 16, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced the cancellation of its participation in the BofA Securities Financial Services Conference due to its announcement and conference call…
Truist announces agreement to sell minority stake in Truist Insurance Holdings to Stone Point Capital, valuing the business at $14.75 billion
Sale of 20% stake for $1.95 billion strategically positions Truist Insurance Holdings for long-term success and growth Truist maintains client service approach, strategic flexibility, and future upside in insurance business Stone Point is…
Sweet Auburn Works Announces $450,000 Grant From Truist Foundation and Truist Trusteed Foundations To Support Entrepreneurs of Color, Honor Black Heroes Through Walking With Heroes Capital Campaign
ATLANTA, GA / ACCESSWIRE / February 15, 2023 / Truist Foundation and the Truist Trusteed Foundations recently announced $450,000 in total grant funding awarded to Sweet Auburn Works (SAW), the preservation-based economic development organi…
SkillUp Coalition Receives $1.5 Million Grant From Truist Foundation To Develop Remote Jobs Catalog
SAN FRANCISCO / ACCESSWIRE / February 14, 2023 / SkillUp Coalition, a national collaboration of nonprofits, training providers, and employers, today announced a $1.5 million grant from Truist Foundation to develop a remote jobs catalog. Th…
Truist to present at the BofA Securities Financial Services Conference
CHARLOTTE, N.C., Feb. 13, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Chief Financial Officer Mike Maguire will present at the BofA Securities Financial Services Conference on Thursday, Feb. 16, 2023…
Purpose Built Communities Announces 2023 Truist Foundation Racial Equity Ambassadors Cohort
ATLANTA, GA / ACCESSWIRE / February 9, 2023 /Purpose Build Communities today announced the participants selected for its third cohort of the Truist Foundation Racial Equity Ambassadors Program. Since 2020, there has been an increase in int…
Kensington Vanguard National Land Services Hires Industry Veterans Steve LaForgia and James Cosolito as Senior Executive Vice Presidents
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- Kensington Vanguard National Land Services ("KV"), one of the largest independent, full-service national title insurance agencies in the country, has hired Steve LaForgia and James Cosolito, two highl…
Community Foundation for Greater Atlanta Announces $15 Million Impact Investment from Truist
ATLANTA, GA / ACCESSWIRE / February 6, 2023 / The Community Foundation for Greater Atlanta and Truist Financial Corporation [NYSE:TFC] today announce Truist's $15 million commitment to GoATL, the Community Foundation's impact investment pl…
Truist increases prime rate to 7.75%
CHARLOTTE, N.C., Feb. 1, 2023 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced an increase in its prime lending rate to 7.75% from 7.50%, effective tomorrow, Feb. 2, 2023. About Truist Truist Financial Corporation is a pu…
Truist Foundation announces Where It Starts, a $22M initiative to support small businesses and create career opportunities for communities of color
CAEL, Living Cities and Main Street America named as anchor partners for the initiative CHARLOTTE, N.C., Jan. 30, 2023 /PRNewswire/ -- Truist Foundation today announced the creation of Where It Starts, a $22 million, multiyear program to s…
Truist Named #5 Among America’s Most Just Companies
NORTHAMPTON, MA / ACCESSWIRE / January 26, 2023 / Truist (NYSE:TFC) recently was named among the top five of America's most JUST companies by JUST Capital, in partnership with CNBC, in their 2023 Just100 rankings. Truist, Thursday, January…
Truist declares common and preferred stock dividends
CHARLOTTE, N.C., Jan. 24, 2023 /PRNewswire/ -- The Board of Directors of Truist Financial Corporation (NYSE: TFC) declared a regular quarterly cash dividend of $0.52 per common share, payable on Mar. 1, 2023, to shareholders of record at t…
Banks Plan Payment Wallet to Compete With PayPal, Apple Pay
The financial institutions behind the Zelle money-transfer service are working on a wallet for consumers to use at online checkout. Continue reading
Truist Foundation Awards Center for Employment Opportunities $1 Million To Advance Social, Economic Mobility for Formerly Incarcerated People
NEW YORK, NY / ACCESSWIRE / January 19, 2023 / Truist: Center for Employment Opportunities (CEO), the nation's largest provider of comprehensive employment services to people returning from jail or prison, has received a $1 million grant f…
Truist reports fourth quarter and full year 2022 results
Fourth quarter 2022 GAAP earnings of $1.6 billion, or $1.20 per diluted share Fourth quarter 2022 Adjusted earnings of $1.7 billion, or $1.30 per diluted share Results reflect strong PPNR performance as a result of strong loan growth and e…
Truist announces fourth-quarter 2022 earnings call details
CHARLOTTE, N.C., Dec. 15, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report fourth-quarter 2022 financial results before the market opens on Thursday, Jan. 19, 2023. Chairman and Chief Executive Officer Bill Rogers…
Truist increases prime rate to 7.50%
CHARLOTTE, N.C., Dec. 14, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced an increase in its prime lending rate to 7.50% from 7.00%, effective tomorrow, Dec. 15, 2022. About Truist Truist Financial Corporation is a…
Truist Donates Former Tucker, Georgia Branch to Operation HOPE
NORTHAMPTON, MA / ACCESSWIRE / December 14, 2022 /Operation HOPE announced recently that it is receiving the donation of Truist Financial Corporation's former Tucker, Georgia, branch. This donation is part of Truist's $20 million investmen…
Access to Capital for Entrepreneurs Receives $3.75 Million Grant From Truist Foundation To Support Expansion Into South Georgia
ATLANTA, GA / ACCESSWIRE / December 9, 2022 /Truist Foundation today announced a $3.75 million commitment to launch the Diverse, Equitable and Inclusive Small Business Capital strategy at Access to Capital for Entrepreneurs Inc. (ACE), a n…
Access to Capital for Entrepreneurs receives $3.75 million grant from Truist Foundation to support expansion into South Georgia
Largest grant in organization's history will be used to provide inclusive, affordable and flexible capital for minority-owned small businesses in rural, underserved Georgia communities ATLANTA, Dec. 9, 2022 /PRNewswire/ -- Truist Foundatio…
Truist and Truist Foundation Announce $4.5 Million in Grants To Strengthen Texas' Racially Diverse Small Business Ecosystem
HOUSTON, TX / ACCESSWIRE / December 2, 2022 / Truist Foundation announced a $3.5 million grant to PeopleFund, a Texas-based Community Development Financial Institution (CDFI) and nonprofit 501(c)(3) that strives to create economic opportun…