$TFC

Truist Bank will end its Delta SkyMiles debit card program on Oct. 31, 2026. Existing cardholders can earn miles until then and will switch to a standard Truist debit card afterward. Delta Air Lines (DAL) and Truist (TFC) are involved. This affects travelers who use the card to earn miles without a credit check.

Truist Financial (TFC) has updated its leadership team, appointing new executives to focus on wealth management and wholesale banking. The company aims to enhance client coverage and growth, with projections of $24.1 billion revenue and $6.1 billion earnings by 2029, an 8% upside to its current price. Investors are advised to consider the impact of these changes on Truist's growth and earnings resilience.

Truist Financial (TFC) named Mike Lyons as its new CEO. Lyons will present a transformation plan within 90 days, focusing on post-merger performance. Investors watch for potential restructuring. TFC has a market value of $60.4b, serving retail, commercial, and wealth clients in the Southeastern and Mid-Atlantic regions.

Truist Financial (TFC) and U.S. Bancorp (USB) both pay a $0.52 quarterly dividend, but USB plans a ~4% increase in Q3 2026, while TFC's dividend has been frozen for 4 years. TFC focuses on buybacks, returning over 100% of earnings to shareholders, while USB prioritizes dividend growth. USB's Q2 2026 EPS grew 22% YoY, supporting its tighter payout ratio compared to TFC.

Truist Financial (TFC) expects net interest income (NII) to rise 1.5% sequentially in Q3, driven by loan growth and deposit trends. TFC shares up 0.3% in 6 months vs. 17.8% industry growth. Peers BNY and KEY also report NII growth, with BNY raising 2026 NII outlook to 12-13% YoY, and KEY projecting 9-11% growth.

Truist Financial (TFC) and its foundation report progress on their $725M commitment to Western North Carolina's recovery post-Hurricane Helene. The initiative, which includes lending and grants, is halfway complete, with small business, commercial real estate, and home mortgage lending ahead of targets. The foundation's recovery fund is on track to disburse all grants by the two-year anniversary of the hurricane.

U.S. Bancorp (USB) is down 5.9% since reporting Q2 earnings. Truist Financial (TFC) reported $5.31B revenue, up 5.1% YoY, but missed net interest income estimates, and is down 4.9%. Wells Fargo (WFC) reported $22.7B revenue, up 8.6% YoY, beating estimates, and is down 1.3%. JPMorgan Chase (JPM) reported $58.02B revenue, up 27% YoY, beating estimates, and is up 6.9%.

Truist Financial (TFC) shares declined due to regulatory concerns and a halted insurance product sale. The company faces investigation risks, but has strategic support. Long-term growth in fee-based businesses may offset challenges like higher funding costs and economic downturns. YTD performance is +5.36%.

Truist Financial and Fifth Third Bancorp have paused distribution of products tied to Delaware Life Insurance, owned by Mark Walter, amid a U.S. federal investigation. The SEC and DOJ are examining over $20 billion in loans on the insurers' balance sheets. Delaware Life's credit ratings were downgraded in July. TWG Global's planned $10 billion investment by Mubadala is delayed. Walter denies wrongdoing.

Truist Financial Corp (TFC) and Fifth Third Bancorp suspended sales of insurance products linked to Delaware Life Insurance amid an investigation. TFC offers a 4.15% dividend yield, a 46% payout ratio, and 1.3% 3-year dividend growth. Its GF Value™ suggests it is 2.5% undervalued. The company's GF Score™ is 59/100, reflecting mixed financial health. Insider activity shows net selling, while 13 gurus hold TFC with slight reductions.