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Truist Financial Corporation (TFC), headquartered in Charlotte, North Carolina, is a financial services company that provides banking and trust services in the Southeastern and Mid-Atlantic U.S. Valued at $48.93 billion by market cap, the company offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses.
Companies worth $10 billion or more are generally described as “large-cap stocks,” and TFC fits perfectly into that category, signifying its substantial size, stability, and dominance in its industry. TFC is a top-10 commercial bank with total assets of $535 billion as of March 31, 2024.
