Truist Financial

Truist Financial is expected to report results for the quarter ended 30.09.2026 on 16.10.2026. 12 analysts expect average EPS of 1.12 USD versus 1.04 USD in the year‑ago quarter. 13 analysts forecast revenue to decline by 32.03 percent to 5.35 billion USD (prior year 7.87 billion USD). For the current fiscal year the consensus is for EPS of 4.64 USD and revenue of 21.09 billion USD versus 30.51 billion USD last year. » Mere på finanzen.net

Truist is selling $5.5 billion of auto loans as part of CEO Mike Lyons' plan to shift the bank toward businesses that generate steadier, higher returns. Management plans to redeploy capital into wealth, investment banking and other fee-generating activities while reducing exposure to consumer-credit volatility. The move aims to improve earnings quality and capital efficiency but carries near-term revenue risk if proceeds are not deployed into higher-yielding opportunities and depends on successful execution amid broader consumer-credit conditions. » Mere på finance.yahoo.com

Truist Financial strengthens Truist Securities with three high-profile hires: Cem Altuntas will become head of insurance brokers and services, Jeffrey Davis joins as managing director for the healthcare sector, and Ken Thompson takes on the role of managing director leading FIG investment-grade debt capital markets. The hires are intended to build out the advisory business with a focus on midmarket clients. » Mere på de.investing.com

Truist Financial shares rose 0.8% in after-hours trading to $50.70 after the company named Harold Ford Jr. vice chair of its wholesale banking division. Ford, most recently executive vice president and regional president New York at PNC, will assume the role on Aug. 31, report to Kristin Lesher and join the Truist Operating Council. He is expected to deepen client relationships and drive growth in commercial, corporate, institutional and wealth management. The personnel move coincides with Mike Lyons taking over as CEO on Sept. 1 and signals a targeted expansion strategy in the wholesale business. » Mere på de.investing.com

Truist will appoint Harold Ford Jr., effective next Monday, as vice chair in its wholesale banking division. Ford will focus on business development and client relationships for commercial, corporate and institutional clients as well as wealth management, reporting to Kristin Lesher. He will join the Truist Operating Council and comes from PNC, having previously held senior roles at Merrill Lynch and Morgan Stanley; he also served as a member of the U.S. House of Representatives. » Mere på de.investing.com