Truist Appoints Mark Cuccinello as Head of Structured Credit to Drive Asset-Based Lending Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: PRnewswire
- Leadership Change: Truist Financial has announced the appointment of Mark Cuccinello as Head of Structured Credit, overseeing asset-based lending, working capital solutions, and equipment finance, aiming to deepen industry relationships and drive client growth through closer collaboration with corporate and commercial banking teams.
- Extensive Experience: Cuccinello brings significant expertise in asset-based lending origination and risk management, having led JPMorgan Chase's asset-based lending efforts in the Northeast, managing a team that covered emerging growth, middle-market, and specialized industry companies, which is expected to enhance Truist's market competitiveness.
- Strategic Goals: Cuccinello stated that Truist has built a strong structured credit platform and will continue to expand it to meet evolving client needs, a strategy that will help enhance the company's influence in high-growth markets.
- Ongoing Investment: Truist's continued investment in its Wholesale Banking platform underscores its commitment to delivering best-in-class structured credit capabilities to clients across industries, further solidifying its leading position in the U.S. market with total assets of $544 billion.
Analyst Views on TFC
Wall Street analysts forecast TFC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for TFC is 49.70 USD with a low forecast of 47.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
4 Buy
6 Hold
0 Sell
Moderate Buy
Current: 49.830
Low
47.00
Averages
49.70
High
55.00
Current: 49.830
Low
47.00
Averages
49.70
High
55.00
About TFC
Truist Financial Corporation is a financial services company. As a commercial bank, it offers a range of products and services through its wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Its segments include Consumer and Small Business Banking (CSBB) and Wholesale Banking (WB). CSBB segment serves retail, premier, and small business clients, providing transaction, money market, savings, time deposits and payment services, credit cards, loans, and mortgages through digital banking, a network of community banking branches, ATMs, virtual service centers, and other channels. WB segment provides a comprehensive set of products, solutions, and advisory services to commercial, corporate, institutional and wealth clients. It also invests in certain affordable housing, new market tax credit, and renewable energy tax credit investments.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
