|Bid||0.00 x 1400|
|Ask||0.00 x 1100|
|Day's Range||54.03 - 54.68|
|52 Week Range||44.51 - 56.66|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||13.66|
|Earnings Date||Jan 14, 2020 - Jan 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.45|
Moody's Investors Service has upgraded Metropolitan Knoxville Airport Authority, TN's (authority) Local Government Public Improvement Bonds (Revenue Program V), Series V-A-1 to A3 from Baa1. The bonds were originally issued by the Sevier County Public Building Authority, TN. The upgrade to A3 reflects the strong enplanement growth at McGhee Tyson Airport (TYS or airport) in recent periods, which has directly resulted in improved financial performance.
Meet Kent Moegerle, who joined The Bank of New York (BNY) Mellon Wealth Management after more than a quarter century with SunTrust.
With five bank acquisitions revealed, 2019 was another top year for Colorado-based bank acquisitions. It just missed the six acquisition announcements made in 2018, which added up to more bank mergers and acquisitions made in Colorado than at any time in the last five years. While experts told Denver Business Journal that there will likely be fewer acquisitions in 2020, they expect banking in the state to stay extremely competitive.
SunTrust Park is no longer. The Atlanta Braves’ ballpark has been officially renamed Truist Park. Truist, the recently merged bank, is now assuming the agreement which started in 2017 when the stadium opened in Cobb County.
The nation's sixth largest bank will be represented through "Truist Purple" — combining BB&T;'s traditional burgundy and SunTrust blue.
Truist Financial Corp. and the Atlanta Braves plan to unveil the new name of SunTrust Park at a joint press conference on Tuesday. The announcement will come just a little over a month after SunTrust Banks Inc. and BB&T Corp. completed a $66 billion bank merger to create Truist.
Consolidation has become the norm in the banking industry. That is likely to continue in the '20s, although the main catalysts behind the M&A; activity are likely to change.
Mergers and acquisitions in the regional banking space picked up some momentum last year thanks in large part to BB&T's $66 billion purchase of SunTrust, a deal that created the bank now known as Truist Financial (NYSE: TFC). The $2.03 billion KRE holds 122 regional banks – those banks that have $10 billion to $50 billion in assets.
As Triad Business Journal delves into employers that added or subtracted jobs in the region in 2019, it's also worth noting where Triad-based companies made changes elsewhere.
Construction on Virgin Trains USA’s $4 billion expansion from West Palm Beach to Orlando is underway, thanks to one transaction that helped make that possible. The Miami-based intercity passenger train in April finalized a $1.75 billion private activity bond offering that completely funded construction of the existing system in South Florida to be expanded into Orlando International Airport. The train's Phase 2 expansion is expected to create more than 10,000 temporary construction jobs over the life of the project, and will generate $653 million in federal, state and local tax revenue.
The Houston and Central Texas regional president for Truist Financial Corp. (NYSE: TFC), formed from the massive merger between BB&T Corp. and SunTrust Banks Inc., has growth in mind for his Texas markets. Bill Toomey was named Houston and Central Texas regional president for Truist Dec. 10.
There was no letdown a year after Atlanta lost its bid for the second headquarters of Amazon.com Inc. New projects, which were once part of the state's pitch to land Amazon's HQ2, found other tech giants to anchor them. The Beltline, one of the country's largest urban redevelopment efforts, became an even more powerful catalyst for changing the autocentric development ethos across Atlanta. Atlanta, once known for sprawling out, continued to fill in.
As the region's sole member of the newly created bank's board of directors, High Point University President Nido Qubein promises to fight both for Truist Financial Corp. shareholders and the Triad's economic interests.
It appears a downtown tower's naming rights — and office space — may become available in the coming months as the mega-merger between BB&T Corp. and SunTrust Banks Inc. rolls out. Winston Salem, North Carolina-based BB&T's employees are expected to move by March 2020 from the Citrus Center to downtown's newest high-rise, the $133 million SunTrust Plaza at Church Street Station, said Sandy Hostetter, regional president of Central Florida for the merged entity, Charlotte, North Carolina-based Truist Financial Corp. (NYSE: TFC).
The biggest banking story of 2019 in Atlanta, by far, came Feb. 7 in the announcement that BB&T Corp. was buying SunTrust Banks Inc. in a $66 billion merger that closed on Dec. 6, creating the nation's sixth-largest bank, Truist. It will have the largest market share of any bank in Atlanta. Implications and fallout of the "merger of equals" between Winston-Salem, N.C.-based BB&T and Atlanta-based SunTrust dominated financial industry headlines throughout the year, with leadership changes, speculation about and reaction to the new bank's name, and impacts to real estate ranging from commercial office to the Braves stadium at the top of the most-read stories.
JPMorgan Chase's expansion and the mega-merger between SunTrust and BB&T; will both have strong ramifications for the Greater Baltimore banking industry.
Five industry leaders – retail banker Truist, sustainable technology company Footprint, healthy prepared-meals delivery service Deliver Lean, safety mobile application Safer Watch and medical transportation provider American Medical Response – have all joined the roster of teams partnering with the Miami Super Bowl Host Committee (MSBHC) for activations and official presences as the city hosts its 11th Super Bowl, a record. Super Bowl LIV, which takes place February 2, 2020, will also mark the culmination of the NFL's centennial season.
The city hosts a Final Four in the new year, but the big game will be the November election, where Georgia will have two U.S. Senate seats up for grabs, and the state itself could be in play on the electoral college map.
Sandy Hostetter had her guard up after SunTrust Bank and BB&T Corp., two of Central Florida's largest banks, announced on Feb. 7 that they would merge into Truist Financial Corp. She was unsure how the merger might play out, as she was only 120 days into her role as market president for SunTrust Banks Inc. (NYSE: STI). The executive had 38 years of experience in the market's banking industry and was not sure what to make of Truist's creation, which resulted from a merger of equals between BB&T Corp. (NYSE: BBT) and SunTrust Bank, she told Orlando Business Journal.
It was the largest apartment sale this year based on the per-unit price, according to Atlanta real estate research firm Databank Inc. It also another example of a large, national real estate investor willing to pay a premium for a property on the Eastside Trail.
Truist Bank today announced the redemption on December 31, 2019, of all of its outstanding 2.25% Senior Bank Notes due January 2020 (CUSIP No. 86787EAR8) and Floating Rate Senior Bank Notes due January 2020 (CUSIP No. 86787EAS6). The redemption price for each of the Senior Bank Notes will be equal to 100% of the principal amount of the Senior Bank Notes (par), plus accrued and unpaid interest thereon to, but excluding, the redemption date of December 31, 2019.
Travis Rhodes said the $66 billion merger of equals with SunTrust offers another chance to tell the company's story.
The U.S. and China may be trying to negotiate an end to their trade war continues, many local businesses have prepared for difficult times by stocking up on inventory. That, along with merger activity and baby boomer legacies are among the trends observed by Truist exec Johnny B. Moore Jr.
Truist Financial Corporation (NYSE: TFC) today announced that 214 N. Tryon St. in Charlotte, North Carolina, will become Truist Center and exercised its option to purchase the property in the heart of the financial district in Uptown Charlotte. The transaction is expected to close in the first quarter in 2020.