If You Invested $5,000 in Truist in 2020, This Is How Much You Would Have Today
The $574 billion asset super-regional bank Truist Financial (NYSE: TFC) is a fairly new brand. The bank is the result of the large $28 billion merger of equals between BB and SunTrust in 2019, which, at the time, was the largest bank deal in more than a decade.
The deal formally closed at the end of 2019. Large bank mergers have historically been difficult to pull off, so it's always a good idea to review how things are going and the value that has been created since the merger was consummated, especially after two or three years. If you had invested $5,000 in Truist at the very beginning of 2020, here's how much you would have now.
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Source Fool.com
