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Zacks News
Truist Financial, formed following the ‘merger of equals’ deal between BB&T Corp and SunTrust Banks, is the sixth largest bank in the United States. The company — headquartered in Charlotte, NC — conducts business operations primarily through its bank subsidiary, Truist Bank, and few other non-bank subsidiaries. Truist Bank — through more than 2,880 banking offices and 4,237 automated telling machines (ATMs) — offers a variety of services to consumer and commercial clients.
Bank of Hawaii (BOH) Q1 Earnings Beat Estimates, Revenues Up
by Zacks Equity Research
Bank of Hawaii's (BOH) Q1 results reflect higher fee income and a strong capital position, partially offset by a rise in provisions due to the coronavirus-led crisis.
Truist Financial's (TFC) Q1 Earnings Beat, Provisions Jump
by Zacks Equity Research
Truist Financial's (TFC) Q1 revenues increase, mainly due to completion of the merger deal between BB&T and SunTrust Banks. Yet, increase in credit costs amid coronavirus concerns is a major headwind.
Low Rates, Provisions to Mar Truist Financial (TFC) Q1 Earnings
by Zacks Equity Research
Lower interest rates and increase in credit costs are likely to hurt Truist Financial's (TFC) Q1 earnings amid coronavirus pandemic.
Bank Stock Roundup: Q1 Earnings Begins Amid Coronavirus Scare, BAC, JPM & WFC Miss
by Zacks Equity Research
Heightened investors' concerns visible on banks' Q1 earnings, with the major players displaying rise in credit costs, higher expenses and margin pressure on lower rates amid the coronavirus pandemic.
Fed Eases Wells Fargo's Growth Limit to Support Small Firms
by Zacks Equity Research
Relaxation of Wells Fargo's (WFC) balance sheet growth limitation will help it support small businesses amid coronavirus-led chaos.
Major Regional Bank Stock Outlook Dim on Rate Cuts, Coronavirus
by Swayta Shah
Near-zero interest rates, and coronavirus-induced lockdown and economic slowdown are likely to hurt major regional banks' financials in the next few quarters.
Truist (TFC) in Focus: Stock Moves 6.9% Higher
by Zacks Equity Research
Truist (TFC) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
Is iShares MSCI USA Equal Weighted ETF (EUSA) a Strong ETF Right Now?
by Sweta Killa
Smart Beta ETF report for EUSA
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, Trust Financial, Zions and M&T Bank
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, Trust Financial, Zions and M&T Bank
What Coronavirus Induced 'Emergency' Rate Cut Means for Banks
by Swayta Shah
Coronavirus leads the Fed to change stance from no change in interest rates to cutting rates. Banks, benefiting the most from higher rates, are expected to be significantly hurt.
Coronavirus Might Trigger Rate Cut: Double Whammy for Banks
by Swayta Shah
Another interest rate cut by the Fed and lower business investments are likely to put further pressure on banks' revenues and in turn hurt profitability.
Is Truist Financial (TFC) Stock a Solid Choice Right Now?
by Zacks Equity Research
Truist Financial (TFC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Is iShares MSCI USA Equal Weighted ETF (EUSA) a Strong ETF Right Now?
by Zacks Equity Research
Smart Beta ETF report for EUSA
Truist Financial (TFC) Q4 Earnings Beat, Revenues Rise Y/Y
by Zacks Equity Research
Completion of SunTrust buyout and strategic management actions during the quarter support Truist Financial's (TFC) Q4 results.
Bank Stock Roundup: Q4 Earnings in Full Swing; RF, CMA, COF Beat Estimates
by Swayta Shah
Banks post decent Q4 results on the back of improving fee income and modest loan demand, while lower interest rates hurt.
Is iShares MSCI USA Equal Weighted ETF (EUSA) a Strong ETF Right Now?
by Sweta Killa
Smart Beta ETF report for EUSA
3 Market-Beating Bank Stocks That Might Lose Steam in 2020
by Swayta Shah
While inorganic growth efforts, decent loan demand and technology upgrades will support bank stocks in 2020, lower interest rates pose a major headwind.
2019 Has Been Good for Bank Stocks. How Will 2020 Be?
by Nikita Kataruka
Banks are expected to continue benefiting from various positive developments in 2020, after a good 2019.
4 Bank Stocks Could Win Big in 2020 Despite Rate Concerns
by Swayta Shah
Acquisitions, digitization of operations, efforts to diversify revenues,, steeper yield curve and improving U.S. economy are likely to continue supporting banks' profitability in 2020.