BB&T and SunTrust Preferreds Updated

As likely holders of either the BB&T Corp or Suntrust Banks preferreds already know the company’s have merged.

We have updated lists and security detail pages to reflect new tickers. The company is now named Truist Financial (TFC).

The issues can be seen here.

7 thoughts on “BB&T and SunTrust Preferreds Updated”

  1. I know this is off topic but Truist is a really terrible name. What comes to mind when I hear that name is the complete opposite — fake, phony. I hear the name as Fake-ist.

    Anyway, glad to see folks didn’t have their preferreds called from them and it was just a ticker change. I think we’re all a little jumpy about calls these day

    1. Yeah, that is a terrible name. Too close to “truish” as in sorta true.

      Builds great confidence in your bank doesn’t it?

  2. I know this is off topic but Truist is a really terrible name. What comes to mind when I hear that name is the complete opposite — fake, phony. I hear the name as Fake-ist.

    Anyway, glad to see folks didn’t have their preferreds called from them and it was just a ticker change. I think we’re all a little jumpy about calls these days.

  3. Any thoughts as to when these pfds are going to start trading?

    I am still showing a big zero for market value. Looking up trade history shows no trading has happened yet.

      1. @donocash

        Surprised to see that this is trading below issue…albeit at a pretty skimpy yield. Still, interesting. Imagine that there is no investment rating because the merger is too new?

        1. TFC-I is rated Baa2/BBB-; I believe those ratings were assigned this week.
          As for its relationship to par, this issue is trading more or less equal to other floating preferred stocks, as far as I can see.

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