Truist Financial Corp. (TFC) announced that its board has authorized a new share-repurchase program of up to $10 billion of the company's outstanding common stock. The authorization is effective immediately and does not have an expiration date.
The authorization replaces the prior share-repurchase program, which had approximately $1.5 billion in common stock repurchases remaining, and reflects Truist's ongoing commitment to delivering long-term value to shareholders while maintaining strong capital levels to support clients and communities, the company said.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.