The Latest Breaking News from Truist

Key financial regulators having approved U.S. Bank’s $8 billion acquisition of Japanese financial titan MUFG’s Union Bank franchise

Credit cards and digital payment apps such as PayPal offer some distinct advantages over cash, including the ability to recover money paid to scammers.

Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report coming out Monday from the office of Sen. Elizabeth Warren, giving the public its first glimpse  into the growing problems at Zelle

The cruise ship industry suffered huge losses amid the pandemic. Moreover, surging inflation and the Fed’s aggressive rate hikes seem to be weighing on cruise ship stocks. Hence, it might be best to avoid fundamentally bleak stocks, Royal Caribbean (RCL) and Carnival Corporation (CCL) now. Read on….

In what has become an annual ritual, the CEOs of the major U.S. banks will appear in front of Congress this week, to sell themselves as shepherds of a helpful industry at a time of financial and economic distress for many Americans

Barclays analyst Matthew Bouley lowered the price target for Trex Company Inc (NYSE:TREX) to $53 (a downside of 2.7%) from $63 while maintaining the Equal Weight ratings on the shares. The analyst stated that while de-stocking was anticipated by investors following AZEK Company Inc. (NYSE:AZEK) report, the magnitude of the impact on TREX's sales in 2022 with subsequent gross…

In light of an uncertain market environment, some popular outlets have voiced concern over the two-decade venture capital bull run.

Raymond James analyst Sam J. Darkatsh lowered the price target for GMS Inc (NYSE:GMS) to $70 (61% upside) from $72 while maintaining the Outperform rating on the shares. The analyst mentions that GMS trades at a double-digit FCF yield; has seen recent insider buying with expanded repo authority; has a "drama-free" balance sheet, and has…

Juneteenth is a relatively new holiday, and private firms are in varying stages of embracing it.

Mizuho Securities analyst Vincent Lovaglio raised the price target for Devon Energy Corp (NYSE:DVN) to $94 (an upside of 28%) from $92, reflecting the $865 million Rim Rock acquisition. The analyst states that the transaction adds 15kboed and 38k net acres to the company's existing 48kboed and 85k net acre Bakken position at ~4x free cash…

Analysts acknowledged GitLab Inc's (NASDAQ:GTLB) Q1 beat by re-rating the stock. RBC Capital analyst Matthew Hedberg maintained GitLab with an Outperform and raised the price target from $64 to $66. GitLab reported a solid start to the year as execution continued in its third quarter as a public company, Hedberg noted.  Revenue growth again accelerated while RPO…