Securities Fraud Investigation Into Triumph Financial, Inc. (TFIN) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
Securities Fraud Investigation Into Triumph Financial, Inc. (TFIN) Announced – Investors Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Triumph Financial, Inc. (“Triumph” or the “Company”) (NASDAQ: TFIN) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON TRIUMPH FINANCIAL, INC. (TFIN), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
On January 22, 2025, after market hours, Triumph released its fourth quarter 2024 financial report, missing consensus estimates on revenue and earnings per share. The Company explained earnings were “below our historical average” in part because “credit costs were higher than they should have been.” The Company also stated liquid credit was responsible for 62% of credit expenses in the quarter and “[d]erisking and shrinking this portfolio has taken time and been frustrating” with the Company having to “learn[] lessons here that we will not forget.”
The Company also warned that first quarter 2025 earnings are expected to be even lower, and it does not anticipate material revenue will be generated from recently announced initiatives during the first half of 2025.
On this news, Triumph’s stock price fell $13.11, or 14.3%, to close at $78.86 per share on January 23, 2025, thereby injuring investors.
Contact Us To Participate or Learn More:
If you purchased Triumph securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
