Truist Financial Corporation, a well-known financial holding company, has received a buy recommendation from UBS.

Truist operates in the banking and financial services sectors, with its banking division called Branch Banking and Trust Company. This division offers a wide range of standard and specialized products, including factoring, leasing, insurance, consumer loans, and real estate loans.

Truist has an extensive network of 2,781 branches across the United States. In addition to banking, Truist also provides financial services such as asset management, auto financing, brokerage services, and securities services.

As of the end of 2020, Truist had current deposits of USD 363.3 billion and current loans of USD 314.5 billion. These strong financial metrics position Truist as a significant player in the financial sector, attracting positive attention from analysts and investors.