TFC
NYSE · Banking
Truist Financial Corp
$52.35
-0.24 (-0.46%)
TFC News17 articles
Trade Desk Plunges 22% on Weak Q3 Forecast, Margin Squeeze
Trade Desk shares tumbled 22% after Q3 guidance pointed to a 12% sales decline and nearly halved adjusted EBITDA, raising concerns over pricing and execution.
Oklo's Test Reactor Goes Critical, But $4.2B Valuation Gap Looms
Oklo's Groves test reactor reached criticality, a key milestone, yet its $7.19B market cap far exceeds cash on hand, underscoring the need for commercial validation.
Huntington's Valuation Gap Widens as Q4 Synergy Deadline Looms
Huntington Bancshares (HBAN) closed at $17.60, up 0.2%, but trades at a 14% tangible-book discount to peers. Q4 synergy execution is now the key catalyst.
SoFi Shares Face Potential 10% Swing as Q2 Earnings Loom
SoFi Technologies faces a pivotal week with Q2 earnings and a Fed decision. Options imply a 10.45% move, as 62% of 2026 EPS hinges on second-half performance.
PayPal Stock Holds Nearly 67% of Takeover Premium Ahead of Q2 Earnings
PayPal shares retained 66.9% of the bid premium from a reported $60.50 takeover offer ahead of Q2 earnings, closing Friday at $56.15.
Fiserv Shares Jump on STAR Network Sale Speculation
Fiserv shares surged 6.1% in premarket trading after reports emerged of potential sale of its STAR debit network to major US banks, boosting market value by $1.7 billion.
Dow Hits Record as Nasdaq Breadth Weakens; Fed and Earnings in Focus
The Dow rose to a new record Thursday, but the Nasdaq slipped as chip stocks declined. Market breadth weakened, and traders await Fed minutes and key earnings for direction.
Dow Hits 52,900 Record, Nasdaq Slips as Chip Stocks Weaken Ahead of Fed
The Dow closed at a record 52,900.07, up 594.83 points, while the Nasdaq fell 0.80% as chip stocks tumbled. Markets await Fed minutes and earnings from Delta and PepsiCo.
Fiserv Shares Surge on Insider Buys and CEO Transition
Fiserv shares jumped 4.8% this week, fueled by insider buying and a leadership shakeup. The $49-$50 level is now a key test for investor confidence.
May PCE Inflation Hits 4.1%, Consumer Demand Weakens, Fed Under Pressure
US PCE inflation rose 4.1% in May, the highest since April 2023, as consumer spending gains were driven by higher prices. Real spending grew only 0.3%, signaling weakening demand.
Truist Appoints Former Fiserv CEO Michael Lyons as Next President and CEO
Truist Financial has selected Michael P. Lyons to lead the $549 billion-asset bank as president and CEO starting September 1, 2026, succeeding Bill Rogers in a planned transition.
Fiserv Appoints New CEO as Lyons Departs for Truist
Fiserv appoints Takis Georgakopoulos as CEO, replacing Mike Lyons who moves to Truist. The company reaffirms its 2026 guidance.
Stocks Soar as Strait of Hormuz Truce Eases Oil Prices, Lifting Rate-Cut Hopes
Major U.S. equity indices surged to new highs Friday after Iran confirmed the Strait of Hormuz would remain open during a 10-day truce, pushing oil prices lower and reviving expectations for Federal Reserve rate cuts later this year.
SoFi Shares Dip as Truist Flags Concerns Beyond Lending
SoFi shares slipped to $15.75 after Truist lowered its price target to $17, citing concerns about the sustainability of its loan-platform and tech revenue.
PayPal Stock Flat as Truist Cuts Target, Flags Margin Pressure
PayPal shares remain near $45 after Truist lowered its target to $44, citing higher rewards costs and sluggish international payment volume. Q1 TPV grew 11% but Q2 guidance points to margin pressure.
PayPal Stock Rises on Truist Price Target Hike Despite Sell Rating
PayPal shares edged up 1.5% after Truist Financial raised its price target to $45, though the stock trades above that at $50.48. The firm retained a Sell rating amid competitive pressures and a new CEO.
PayPal Shares Rise Ahead of Q1 Earnings Despite Truist Sell Rating
PayPal shares edged higher on April 24 as Truist lifted its price target to $45 while keeping a Sell rating, setting the stage for the company's first earnings report under new CEO Enrique Lores on May 5.