NYSE:TFCBanks
Truist Financial (TFC): Assessing Valuation Following Major Branch Expansion and Digital Banking Initiative
Truist Financial (TFC) just made headlines with an ambitious announcement: over the next five years, it is committing to build 100 new branches, renovate more than 300 existing locations in several of the country’s fastest-growing cities, and double down on digital banking innovation. This mix of physical expansion and technology upgrades is aimed at attracting new clients and deepening relationships with mass affluent customers, a segment the bank clearly sees as pivotal going forward. For...