Art Wager Introduction Truist Financial Corporation (NYSE:TFC), one of the largest “regional” banks in the U.S., is probably best known for its significant unrealized losses in its held-to-maturity (HTM) portfolio. This was ultimately the reason for the precipitous stock decline in March 2023 amid the failure of Silicon Valley Bank. As I've explained in detail in my previous coverage of Truist here on Seeking Alpha, I felt very comfortable looking past these losses. This is partially in light of the Fed ...

Truist Financial (TFC) is scheduled to announce second-quarter 2024 results on Jul 22 before the opening bell. The overall lending scenario was decent in the quarter as borrowers accepted that high rates are here to stay for a longer time.Per the Federal Reserve’s latest data, demand for commercial and industrial (C&I) loans (accounting for roughly 50% of TFC’s total loans and leases held for investment) was modest in the first quarter. Meanwhile, consumer loan (almost 40% of total loans and leases held for ...

Truist Financial Corporation (TFC) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on July 22, 2024, might help the stock move higher if these key numbers are bet ...

CHARLOTTE, N.C., June 28, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today released the results of its annual company-run stress test, conducted in accordance with the regulations of the Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation, under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The results are available online at https://IR.Truist.com/other-filings.Truist announced that the Federal Reserve has det ...

Truist Financial (TFC) is expected to witness continued top-line growth on the back of decent loan demand, high interest rates, strategic restructuring initiatives and efforts to improve fee income.Analysts seem optimistic regarding the company’s earnings growth potential. Over the past 60 days, the Zacks Consensus Estimate for Truist’s 2024 earnings has been revised 1% upward.In the past year, TFC shares have gained 23.5% compared with the industry’s growth of 32.6%. Image Source: Zacks Investment Research ...

Jobs for the Future will work to build inclusive career on-ramps in IT and bridge gaps in U.S. workforce and education systems. BOSTON, June 26, 2024 /PRNewswire/ -- Today, Jobs for the Future (JFF), a national nonprofit that drives transformation of the U.S. education and workforce systems, announced its partnership with Truist Foundation to improve economic mobility and advancement opportunities for learners and workers across three Southern states, Ohio, and Pennsylvania. The $4.2 million investment will ...

CHARLOTTE, N.C., June 20, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) will report second-quarter 2024 financial results before the market opens on Monday, July 22, 2024. Chairman and Chief Executive Officer Bill Rogers and Chief Financial Officer Mike Maguire will host a conference call to review the company's financial results at 8 a.m. ET. Investors can access the live earnings call by webcast or dial-in as follows: Live webcast for listeners: https://app.webinar.net/zVb4RPwq23Q Dial-in ...

J. Michael Jones I’ve been a pretty harsh critic of Truist (NYSE:TFC) management more than a few times – not only has the execution of the SunTrust merger left a lot to be desired, but the bank has been losing organic market share in its core markets and has struggled to define and execute upon a path of differentiated growth and return improvement. With that, the shares have continued to lag – lagging the peer group by about 10% since my last update (though up about 15%), while lagging by more than 15% ...

会议主要讨论的核心内容 - 公司在2024年第二季度的业绩指引保持不变 [6] - 公司在5月7日完成了TIH业务的出售,并进行了资产负债表的重组调整 [7][8][13] - 资产负债表重组的目标包括:替代TIH业务的收益贡献、提升流动性和资产负债管理状况、维持资本优势以支持未来增长 [13][14][15] - 公司在利率管理方面保持相对中性的头寸,并通过利率互换等工具来管理利率风险 [17][20][21][22] - 公司存款方面仍面临一定的压力,但压力有所缓解,公司将继续关注存款的规模和结构 [26][27] - 公司贷款增长方面仍较为温和,但正在采取措施积极拓展贷款业务,包括调整资产组合、加强与客户的沟通等 [29][30][31][32][33] - 公司信贷质量整体保持良好,但办公楼贷款和多户型住宅贷款面临一定压力,公司已采取措施进行管理 [49][50][51][58] - 公司费用方面保持严格管控,并通过多种措施来提升运营效率,包括调整组织架构、优化技术投入等 [90][91][92][93] 问答环节重要的提问和回答 问题1 **Betsy Graseck 提问** 公司如何管理资产负债表重组后的证券投资组合,尤其是在利率下降的情况下 [16] **Mike Maguire 回答** 公司整体保持相对中性的利率敏感头寸,通过利率互换等工具来管理利率风险,即使利率下降也能为公司带来收益 [17][20][21][22] 问题2 **Betsy Graseck 提问** 公司如何看待未来贷款增长的机会和挑战 [27][63] **Mike Maguire 回答** 公司正积极采取措施拓展贷款业务,但最终需要依赖于客户需求的恢复,公司不会放松信贷标准来获取业务 [29][30][63][64][65][66] 问题3 **Betsy Graseck 提问** 公司未来费用管理的目标和措施 [84][85][86][87][88][89][90][91][92][93][94][95][96][97] **Mike Maguire 回答** 公司将继续保持严格的费用管控,通过多种措施提升运营效率,并将保持积极的收入增长来实现良好的营运杠杆 [90][91][92][93][94][95][96][97]

Bill Gross became a legend by investing in bonds but has a strong opinion on one stock, too.Which stock are investors most enthusiastic about right now? I think Nvidia is the hands-down winner.Nvidia's share price has soared close to 130% so far in 2024, and the stock has delivered a return of more than 33x over the last five years. The company's latest quarterly update predicted tailwinds that should extend into next year and beyond.But not every investor puts Nvidia at the top of their list. Here's the on ...