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Stock impact report

Truist Releases Results of its Company-Run DFAST Stress Test, Receives Preliminary Stress Capital Buffer

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: PR Newswire
CHARLOTTE, N.C., June 30, 2020 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) ("Truist" or "the Company") today released the results of its annual company-run stress test conducted in accordance with regulations of the Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results of Truist's annual company-run stress test are available at https://IR.Truist.com/other-filings.Truist has reviewed the results of the 2020 Comprehensive Capital Analysis and Review ("CCAR") supervisory stress test and noted that the modeled outcomes shown by the Federal Reserve differ from those calculated by the Company. Truist believes those differences are attributable to the application of purchase accounting associated with the Company's 2019 merger of equals. Purchase accounting adjustments could result in a reduction in provision expense and an increase in pre Show less Read more
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