Fee Income to Aid Truist's (TFC) Q2 Earnings, Lower NII to Hurt
Truist(TFC) ZACKS·2024-07-17 23:51
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 ...