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Stock impact report

Rise in NII to Support Truist's Q1 Earnings, Lower Fee Income to Hurt [Yahoo! Finance]

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
The overall lending scenario was decent as the Federal Reserve kept interest rates unchanged, and market turmoil because of tariff concerns resulted in reduced loan demand than previously expected. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar Per the Federal Reserve's latest data, demand for commercial and industrial (C&I) loans (accounting for roughly 50% of TFC's total loans and leases held for investment) was subdued during the first two months of the quarter. On the other hand, consumer loan (almost 40% of total loans and leases held for investment) demand improved. We project TFC's average loan balance to be $309.3 billion, indicating a marginal fall from the prior-year quarter. The Zacks Consensus Estimate for TFC's average earning assets is pegged at $473.1 billion, which suggests a marginal decline from the prior-year quarter. We project the metric to be $466.8 billion. Though the Fed kept the rates unchanged, funding/deposit costs are lik Show less Read more
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