The banking crisis is doing a number on regional bank stocks, causing a sell-off of more than 30% since the start of this year. Truist Financial's stock price is among the victims, although its busine
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Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in regional bank stocks.
The regional bank sector pared gains in afternoon trading Wednesday, after the Federal Reserved raised its target range for overnight rates by 0.25 percentage points, as expected. The SPDR S&P Regiona
Shares of a number of midsize lenders fell sharply Tuesday following the collapse of First Republic Bank, a sign that investors are still worried about the industry's health.
JPMorgan Chase's stocks have soared following its assumption of First Republic Bank deposits.
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The bank struggled on the bottom line due to higher funding costs. Deposit outflows and higher deposit costs could continue to be an issue this year.
University of Maryland Finance Professor David Kass joins Yahoo Finance Live to discuss the Fed's 2019 decision to loosen rules for midsize banks, bank regulation, and the outlook for regional banks.

Why Truist Financial Stock Fell on Friday

04:24pm, Friday, 21'st Apr 2023
Truist missed analysts' first-quarter earnings estimates, but had solid revenue and earnings gains. Several analysts cut their price targets on the bank's stock, but maintained outperform or equal-wei
KBW's Chris McGratty and Herman Chan of Bloomberg Intelligence, talk about regional bank earnings.
Truist Financial Corporation (TFC) came out with quarterly earnings of $1.09 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.23 per share a year ago
Truist Financial TFC, +2.78% , the Charlotte, N.C.-based regional lender, said its first-quarter net income rose to $1.41 billion, or $1.05 a share, from $1.33 billion, or 99 cents a share, as total r
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