Higher NII to Aid Truist's Q3 Earnings, Lower Fee Income to Hurt
TFCTruist(TFC) ZACKS·2024-10-16 00:51

Truist Financial (TFC) is scheduled to announce third-quarter 2024 results on Oct. 17 before the opening bell. The overall lending scenario was decent in the quarter, given borrowers' expectations of rate cuts. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. 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) rose during the third quarter. Meanwhile, consumer loan (a ...