TFC

Truist Financial

Halal Rating :
Uncomfortable
Last Price $47.66 Last updated:
Market Cap $59.54b
7D Change 10.53%
1 Year Change 28.78%
Company Overview Use of Interest Company Impact Justification for our Halal Rating Recent News

Company Overview

Industries
  • Finance
  • Insurance
  • And Real Estate
  • Banking
  • National Commercial Banks
Exchange NYSE
Next Earnings Date Oct. 17, 2024

Truist Financial Corporation is one of the largest commercial banking organizations in the United States. The company was formed in December 2019 through the merger of BB&T Corporation and SunTrust Banks. Truist provides a wide range of banking, investment, and insurance services for retail, commercial, and corporate clients.

The company operates primarily through its main subsidiary, Truist Bank, offering traditional banking products and services including deposits, lending, credit cards, and wealth management solutions.

Use of Interest

Reporting Date Total Revenue Total Operating Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio
Sept. 30, 2024 $5.08b $2.75b $3.6b $2.75b 70.84% 100.00%
June 30, 2024 $-1685000000.0 $2.82b $3.53b $2.82b 209.32% 100.00%
March 31, 2024 $4.82b $2.81b $3.37b $2.81b 69.99% 100.00%

Company Impact

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