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COMPANY BENCHMARKING • UNITED STATES

Truist Financial Corporation - Company Profile

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Truist Financial Corporation - Overview

Description
Truist Financial is a public company headquartered in North Carolina with an estimated 51,169 employees. In the US, the company has a notable market share in at least three industries: Commercial Banking, Credit Card Processing & Money Transferring, Regional Banks and Commercial Banking. Their largest market share is in the Regional Banks industry, where they account for an estimated 10.6% of total industry revenue.
Company Details

Registered Name: Truist Financial Corporation

Company Type: Operating

Exchange: NYSE

Headquarters: 214 N Tryon St Charlotte NC 28202

Website: https://www.truist.com/

Employees: 51169

Truist Financial Corporation - Operating Industries and Main Competitors

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Truist Financial Corporation - Products and Services

  • Commercial Banking in the US

    • Of the 6 core revenue-generating products and services in the Commercial Banking in the US industry, Truist Financial Corporation offers:
    • Commercial and industrial loans
    • Credit card loans
    • Depository services and other noninterest-income generating products
    • AAAAA AAAAA

  • Regional Banks in the US

    • Of the 6 core revenue-generating products and services in the Regional Banks in the US industry, Truist Financial Corporation offers:
    • Real estate loans

  • Credit Card Processing & Money Transferring in the US

    • Of the 4 core revenue-generating products and services in the Credit Card Processing & Money Transferring in the US industry, Truist Financial Corporation offers:
    • Automated clearinghouse products
    • Credit card services
    • Debit card services
    • AAAAA AAAAA
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Truist Financial Corporation - Analyst Insights

Truist Financial Corporation commits to net zero greenhouse gas emissions

Truist Financial Corporation made an announcement that the company is now focused on emitting no greenhouse gas emissions by the year 2050. Within the company’s sustainability goals, Truist Financial Corporation is reducing carbon emissions, investing in renewable energy, increasing its focus on sustainable projects, as well as partnering with clients to help support their sustainability goals. The company will continue to invest in energy efficiency improvement projects at corporate offices and banks. In order to achieve the goal by 2050, the company is also setting interim targets and investing in emerging low-carbon technologies and systems.

ESG


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Truist Financial Corporation - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Truist Financial Corporation's performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Commercial Banking in the US, Regional Banks in the US, and Credit Card Processing & Money Transferring in the US industries.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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