Group 1 - Truist Foundation announced an additional $100,000 grant to support relief and recovery efforts in South Carolina and North Carolina due to anticipated flooding from storm Debby [1] - This new grant is in addition to a previously announced $100,000 grant for Florida and Georgia, totaling $200,000 in recent disaster relief funding [2] - The funds will be allocated to the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund and the American Red Cross, focusing on immediate community needs such as food, shelter, and medical services [3][4] Group 2 - Earlier in the year, Truist Foundation contributed $1 million to the American Red Cross Annual Disaster Giving Program to provide rapid assistance to communities affected by disasters [4] - The foundation aims to inspire and build better lives and communities, focusing on economic mobility and strengthening small businesses [5] - Truist Foundation operates independently of Truist Financial Corporation and was established in 2020, emphasizing strategic investments in nonprofit organizations [5]

With Quail Hollow Club set to host the PGA Championship in 2025, Truist Championship to be played at The Philadelphia Cricket Club next year and return to Charlotte in 2026 CHARLOTTE, N.C. and PONTE VEDRA BEACH, Fla., Aug. 6, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC), Quail Hollow Club and the PGA TOUR today announced a seven-year agreement for Truist to become title sponsor of the PGA TOUR's Charlotte, North Carolina, event — renamed the Truist Championship. The announcement was held at ...

Core Points - Truist Foundation announced a donation of $100,000 to support relief and recovery efforts for communities affected by Tropical Storm Debby [1][2] - The funds will be allocated to the Center for Disaster Philanthropy's Atlantic Hurricane Season Recovery Fund, the American Red Cross, and United Way Worldwide [1] - The foundation emphasizes the importance of providing funding to disaster relief organizations before, during, and after storms [2] Funding Utilization - The selected organizations will use the grant to address immediate community needs such as food, shelter, and medical services [2] - A portion of the donation will focus on medium- and long-term recovery efforts, including rebuilding homes and providing mental health and legal services [2] - Earlier in the year, Truist Foundation donated $1 million to the American Red Cross Annual Disaster Giving Program for rapid assistance to disaster-impacted communities [3] Truist Foundation Overview - Truist Foundation is committed to inspiring and building better lives and communities, operating independently from Truist Financial Corporation [4] - The foundation focuses on two main areas: building career pathways to economic mobility and strengthening small businesses [4] - Key initiatives include the Inspire Awards and Where It Starts, aimed at ensuring equal opportunities for all communities [4]

With support from Truist Foundation, Build Better Careers program will create pathways to high-growth jobs in banking and financial services for South Florida residents without a college degree "Too many South Floridians are currently locked out of economic mobility and high-paying roles either because of insufficient access to education or systemic barriers, such as food insecurity, inadequate child care and a lack of affordable housing," said Earl Buford, president of CAEL. "This is about mobilizing educa ...

Another notable valuation metric for TFC is its P/B ratio of 1.04. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, PNC has a P/B of 1.37. Truist Financial Corporation and The PNC Financial Services Group, Inc are both sporting a Zacks Rank of # 2 (Buy) right now. Investors should feel comfortable knowing that both of these stocks have an improving earnings outlook since the Zacks Rank favors companies that have witne ...

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Core Viewpoint - The recent upgrade of Truist Financial to a Zacks Rank 2 (Buy) reflects an upward trend in earnings estimates, indicating a positive earnings outlook that could favorably impact its stock price [2][4][9]. Earnings Estimates and Revisions - Truist Financial is expected to earn $3.53 per share for the fiscal year ending December 2024, representing a year-over-year change of -1.7% [7]. - Over the past three months, the Zacks Consensus Estimate for Truist Financial has increased by 6.5%, indicating a positive revision trend [11]. - The Zacks Rank system correlates changes in earnings estimates with near-term stock movements, suggesting that rising estimates can lead to higher stock prices [12][10]. Zacks Rating System - The Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings across over 4000 stocks, with only the top 20% receiving favorable ratings based on earnings estimate revisions [3][14]. - Stocks rated Zacks Rank 1 (Strong Buy) have historically generated an average annual return of +25% since 1988, showcasing the effectiveness of the system [13].

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CHARLOTTE, N.C., July 23, 2024 /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 September 3, 2024, to shareholders of record at the close of business on August 9, 2024. Notes: (1)In the table, dividends per share and dividends per depositary share for Series I, Series J, and Series L are rounded to the hundredthousandths position for the convenience of the reader. (2)In accordance with the Amen ...

Truist Financial Corporation TFC posted better-than-expected quarterly earnings on Monday. Truist Finl reported quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 82 cents per share. The company reported quarterly sales of $5.018 billion which beat the analyst consensus estimate of $4.805 billion. This is a 15.21% decrease over sales of $5.918 billion the same period last year, according to data from Benzinga Pro. Truist Financial shares closed at $43.78 on Monday. These a ...