Truist Financial (TFC) announces a $750 million gross expense saving program to be achieved over 12-18 months. The company also reiterates Q3 and full-year 2023 revenue and expense guidance.
Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. This is part of an effort to take out costs and lower expense growth, t
There are some excellent values in dividend stocks for patient investors right now.
Truist Financial's preferred shares offer an overlooked way to invest in the company from an income perspective (but they don't offer a higher yield versus the common shares). The bank's financial per
With proposed regulatory changes in the air, regional banks still have some unanswered questions. However, there are some excellent regional financial institutions trading for a significant discount t
Eighteen regional banks may add about $63 billion of holding company debt to meet proposed regulatory guidelines for lending institutions of $100 billion to $250 billion of assets, in the latest chall
August saw a wave of volatility in equity markets, with the SPDR S&P Trust ETF falling by 1.63%. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 12.71% since
Before 2008, banks showed limited interest in these low-return securities. However, post the crisis, Basel Accords reduced financial risks, giving Treasury and agency securities a 0% risk weighting.
The U.S. Federal Reserve has warned regional banks about stricter liquidity requirements in a fresh regulatory push that will impact 2024 earnings of six affected banks, an analyst at J.P. Morgan said
“Value ranking looks at the price of a stock relative to intrinsic firm value. Graham Value Stocks match the criteria Benjamin Graham followed." —YCharts Value Screener. 69 August Value large caps
About three-fourths of the S&P 500 pay a dividend. According to S&P Dow Jones Indices, dividends have contributed approximately 32% of total S&P return since 1926.
U.S. banks and regional banks fell across the board on Tuesday, after S&P Global Ratings downgraded five smaller players after a review of risk related to funding, liquidity and asset quality with a f
Shares of the biggest banks in the U.S., including JPMorgan Chase & Co. NYSE: JPM, Bank of America NYSE: BAC, Citigroup Inc. NYSE: C, Wells Fargo & Co. NYSE: WFC and Morgan Stanley NYSE: MS traded low

Financial stocks weaken on multiple headwinds

11:10am, Tuesday, 15'th Aug 2023
Financial stocks are among the worst-performers in the S&P 500 SPX on Tuesday, after more than one fresh challenge in the sector. FDIC Chairman Martin Gruenberg said large regional banks should face n
If you're a value investor looking for great businesses with cheap valuations, look no further than the banking sector in the United States. In early spring, the sector had been hit hard by a wave of
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