Truist Financial is the result of the acquisition of SunTrust Banks, Inc, by BB&T Corporation. The two banks continue to operate as two brands, operating more than 2,000 branches in the US. BB&T provides consumer and commercial banking, securities brokerage, asset management, mortgage, and SunTrust Bank was originally more focused on deposits, lending, credit cards, and trust and investment services. Truist Financial is also engaged in insurance corporate and investment banking, capital market services, mortgage banking, and wealth management through its subsidiaries.
The market capitalization of a company, more simply referred to as "market cap", is the total market value of a publicly traded company's outstanding shares. It is often considered as a key indicator of what a company is worth.