Truist shareholders approve pay plan for executives despite scrutiny
Bill Rogers, CEO of Truist, speaks at the 2024 Truist Foundation Inspire Awards at Knight Theater on April 25, 2024.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
5 hours ago
- CNBC
Truist's Youssef Squali's bullish call on Waymo: It'll generate over $10 billion in revenue midterm
Youssef Squali, Truist head of internet and media, joins 'The Exchange' to discuss Alphabet's AI strength and tech's push into nuclear power.
Yahoo
a day ago
- Yahoo
Truist initiates coverage on Payments/FinTech stocks
-- Truist Securities initiated coverage on the Payments and FinTech sector with a mixed outlook, assigning 7 Buy ratings, 7 Hold, and 3 Sell ratings. The firm cited a shifting landscape marked by slower growth, rising competition, and macroeconomic headwinds. 'We believe the industry is now facing a triple whammy via a slowdown in… tailwinds, increased competition following a decade of outsized venture capital investment in FinTech, and a worsening macroeconomic backdrop,' Truist said in its note. As a result, Truist expects net revenue growth for most companies to slow in 2025 and 2026. Top Buy-rated names include Adyen (AS:ADYEN), Affirm, Fiserv (NYSE:FI), Flywire, Mastercard (NYSE:MA), Toast (NYSE:TOST), and Visa (NYSE:V). Truist categorized these as 'quality compounders,' 'best-in-breed growth,' or 'beaten up, potential takeouts,' depending on investor risk appetite. To help investors navigate the group, Truist developed the 'Truist Securities Payments Quality Index,' ranking companies by metrics such as free cash flow conversion, leverage, and customer satisfaction. Adyen, Mastercard, Toast, and Visa scored highest, while Global Payments (NYSE:GPN), PayPal (NASDAQ:PYPL), and Shift4 ranked near the bottom. 'In our view, it is increasingly important for investors to allocate capital to high-quality companies whose growth is driven more by idiosyncratic factors (i.e., market share gains, ability to create solutions to help their customers navigate through turbulent times, etc.) rather than the macro,' the firm wrote, adding that Mastercard was slightly preferred over Visa. On valuation, Truist warned against firms 'over-earning' from high take rates or unsustainable margins, naming dLocal, Global-e, and PayPal. The firm also raised red flags over growth quality at Block, Lightspeed, PayPal, Shift4, and SoFi (NASDAQ:SOFI). Related articles Truist initiates coverage on Payments/FinTech stocks Tariffs, turmoil, and the VIX: How April 2025 compares to past crises? BTIG upgrades Doximity saying pullback on macro fears overdone Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
Jim Cramer and Wall Street Are Bullish on NVIDIA (NVDA)
We recently published a list of . In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks on Jim Cramer and Wall Street's radar. At the end of April, while discussing the best-performing stocks of the last 20 years, Cramer said that NVIDIA Corporation (NASDAQ:NVDA) went from graphics card maker to 'king of artificial intelligence.' 'Second place, okay, a name you know very well from the show, and that's NVIDIA. Do you know that NVIDIA's up more than 50,000% since the show began? NVIDIA? It piqued my interest over 15 years ago when it was originally just a maker of graphics cards for video games. Since then, we've had the privilege of watching NVIDIA blossom into the king of artificial intelligence and accelerated computing. You know, I named my late dog NVIDIA because I wanted you all to know about it… I say, you bet against NVIDIA at your own peril.' A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA Corporation (NASDAQ:NVDA) develops computing and graphics solutions used across gaming, AI, data centers, and automotive industries. The company offers products like GPUs, cloud services, and enterprise software. On May 29, Truist analyst William Stein increased NVIDIA's (NASDAQ:NVDA) price target to $210 from $205 and maintained a Buy rating following the company's strong first-quarter results. Stein said AI demand and solid execution are pushing growth despite export restrictions to China. Without those controls, first-quarter results and second-quarter guidance would have topped expectations by a wide margin. The firm sees continued growth in demand from cloud providers, businesses, and government buyers. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
