Net income spiked 45%, but expenses increase on restructuring
News & Analysis: TFC
Truist Financial has some key differentiators that make it worth watching.
Even top banks found themselves on the bottom during the first half of the year.
Some are still undecided about whether to hold their payouts steady or cut them next quarter.
TFC earnings call for the period ending March 31, 2020.
But the nation's newest big bank saw lower EPS as a result of merger-related costs and a higher provision for credit losses.
Falling rates and a looming recession are creating a difficult climate for bank stocks.
BBT earnings call for the period ending December 30, 2019.
The merger of BB&T and SunTrust recently became official, forming the nation's sixth-largest bank.
BBT earnings call for the period ending September 30, 2019.