$TFC

The article summarizes Q2 earnings for several U.S. banks. Wells Fargo reported $22.7B revenue, up 8.6% YoY, beating analysts’ revenue by 3.9%, and its stock was up 1.6% to $89.09. U.S. Bancorp revenue was $7.76B (+9.9% YoY) with a tangible book value miss; stock up 3.4% to $65.16. PNC revenue was $6.68B (+17.5% YoY) and stock $254.50. Truist revenue was $5.31B (+5.1% YoY) and stock $52.65.

Tata Capital CEO Rajiv Sabharwal said the firm’s revolving credit exposure is below 5% of its loan book. The RBI has proposed barring NBFCs from offering revolving credit products, inviting comments until Aug 28. Tata Capital’s gross loan book was ₹2.86 trillion and AUM ₹2.90 trillion as of end-June. Analysts expect Bajaj Finance to be most affected.

Talcott Financial Group launched West Grove Re, a Bermuda-domiciled reinsurance sidecar, with Goldman Sachs. The sidecar closed about a $1 billion capital raise via equity commitments from Talcott and Goldman Sachs Asset & Wealth Management and its clients, plus a credit facility. West Grove Re will take part in a quota share of certain Talcott-sourced U.S. annuities.

Simply Wall St reports Truist Financial (TFC) ranked top in Barlow Research’s Small Business Online and Mobile Banking for its platforms serving over 1.2 million business clients. The article cites TFC shares at $52.66 and a fair value estimate of $55.88, noting a 17% YoY rise in digital account production. Risks include branch-network costs and commercial real estate exposure.

Talcott Financial Group said it formed West Grove Re, Ltd., a Bermuda reinsurance sidecar with Goldman Sachs Asset & Wealth Management. The vehicle closed about $1.0 billion in capital, including equity from Talcott and Goldman Sachs and clients, plus a credit facility. West Grove Re will take part of Talcott-sourced U.S. annuities via quota share, with Goldman as investment manager for private asset strategies.

Wilson Donta L (Chief Consumer & SB BK Officer) sold 13,280 shares of TRUIST FINANCIAL CORP (TFC) at $51.85 ($0.69M total) on 2026-07-31.

The article reviews Q2 earnings for major U.S. banks. Citigroup reported $24.79B revenue (+14.3% YoY), beating analysts by 4.5%, but its stock fell 9.4% to $127.44. U.S. Bancorp revenue was $7.76B (+9.9%), beating by 2.1%, stock $63.83. Bank of America revenue was $31.78B (+15%), stock $61.30. Truist revenue was $5.31B (+5.1%), stock $52.56.

JPMorgan adjusted its price target on Truist Financial to $54 from $53 and kept an Underweight rating, according to the note cited in the article. The update implies a modest target increase while maintaining a bearish stance for investors tracking bank analyst recommendations.

Truist Financial Corporation’s board declared a regular quarterly cash dividend of $0.52 per common share, payable Sept. 1, 2026, to shareholders of record Aug. 14, 2026. It also declared dividends on multiple series of preferred stock, with specific record dates and payment schedules noted in the release.

Truist Financial (NYSE: TFC) appointed John Stucker as its Middle Market sales leader in a newly created role to drive growth and improve sales execution. Truist said middle market deposits rose 12% year over year in Q2, with 9% growth in legacy markets and 27% in expansion markets. Stucker joins from JPMorgan Chase, where he led multinational corporations.