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.
Lower interest rates and increase in credit costs are likely to hurt Truist Financial's (TFC) Q1 earnings amid coronavirus pandemic.

Why Shares of Regional Banks Fell in March

04:33pm, Wednesday, 08'th Apr 2020
Falling rates and a looming recession are creating a difficult climate for bank stocks.
In 2008, when the global economy was last in tatters, big banks were largely to blame. Their bad bets on subprime mortgages and other loans were what pushed the world into the Great Recession.

Truist (TFC) in Focus: Stock Moves 6.9% Higher

08:52am, Wednesday, 18'th Mar 2020
Truist (TFC) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.
Brian Moynihan of Bank of America, Michael Corbat of Citigroup, Charles Scharf of Wells Fargo, David Solomon of Goldman Sachs and Stephen Schwarzman of alternative investments giant Blackstone are exp
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.
Dividend stocks are the first thing prudent investors should buy after the virus scare dissipates. Income names won't be discounted forever.
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.
Truist Financial (TFC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
Truist Financial Corporation (TFC) CEO Kelly King on Q4 2019 Results - Earnings Call Transcript
Completion of SunTrust buyout and strategic management actions during the quarter support Truist Financial's (TFC) Q4 results.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE