Truist Financial Corp

NYSE TFC

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Truist Financial Corp Return on Gross Investment (ROGI) 2 year CAGR for the quarter ending March 31, 2024: 2.36%

Truist Financial Corp Return on Gross Investment (ROGI) 2 year CAGR is 2.36% for the quarter ending March 31, 2024, a -95.25% change year over year. Return on gross investment measures the profitability of a company relative to its total investments, including both short-term and long-term investments. It is calculated by dividing the net income by the total investments minus short-term investments. This ratio indicates the return generated for each unit of gross investment made by the company. A higher return on gross investment suggests better profitability and efficient utilization of investment capital. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Truist Financial Corp Return on Gross Investment (ROGI) for the quarter ending March 31, 2023 was 1.13%, a 22.11% change year over year.
Truist Financial Corp Return on Gross Investment (ROGI) for the quarter ending March 31, 2022 was 0.93%, a 83.33% change year over year.
Truist Financial Corp Return on Gross Investment (ROGI) for the quarter ending March 31, 2021 was 0.51%, a 52.39% change year over year.
Truist Financial Corp Return on Gross Investment (ROGI) for the quarter ending March 31, 2020 was 0.33%, a -29.30% change year over year.

NYSE: TFC

Truist Financial Corp

CEO	Mr. William Henry Rogers Jr.
IPO Date	March 26, 1990
Location	United States
Headquarters	214 North Tryon Street, Charlotte, NC, United States, 28202
Employees	49,218
Sector	Financial Services
Industry	Banks - regional

Description

Truist Financial Corporation, a financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States. The company operates through three segments: Consumer Banking and Wealth, Corporate and Commercial Banking, and Insurance Holdings.Its deposit products include noninterest-bearing checking, interest-bearing checking, savings, and money market deposit accounts, as well as certificates of deposit and individual retirement accounts. The company also provides funding; asset management; automobile lending; credit card lending; consumer finance; home equity and mortgage lending; other direct retail lending; insurance; investment brokerage; mobile/online banking; payment solutions; point-of-sale lending; retail and small business deposit products; small business lending; and wealth management/private banking services. In addition, it offers asset based lending, investment banking and capital market, institutional trust, insurance premium finance, derivatives, commercial lending, international banking, leasing, merchant, commercial deposit and treasury, floor plan, mortgage warehouse lending, real estate lending, and supply chain financing services. Further, the company provides insurance brokerage, retail and wholesale brokerage, securities underwriting and market making, loan syndication, and investment management and advisory services. The company was formerly known as BB&T Corporation and changed its name to Truist Financial Corporation in December 2019. Truist Financial Corporation was founded in 1872 and is headquartered in Charlotte, North Carolina.

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