Truist Financial Corporation (TFC): Should You Invest In This Local Bank Stock Now? [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Yahoo! Finance
As investors shift their focus from artificial intelligence to the labor market and its impact on potential interest rate cuts, the banking industry of 2024 is quite different from the one in 2021. Interest rates are at a 24 year high in America as of early September, which means that not only do the costs of borrowing money increase for consumers but banks also have to carefully monitor their loan portfolios to ensure liquidity and manage insolvency risks. One consequence of this has been a growth in private capital, which covers loans made to firms by non banking entities. According to data from the International Monetary Fund (IMF), the private credit market crossed a whipping $2.1 trillion in 2023 through its assets and capital commitments. 75% of this was in the US as investors such as pension funds and others drove to funds that offered higher returns while corporate borrowers flocked to private lenders due to the relatively simpler process of acquiring capital and relaxed ri
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News
- Wall Street Reacts to ‘Dovish' First Fed Rate Cut in 4 Years [BNN Bloomberg (Canada)]BNN Bloomberg
- Wall Street Reacts to ‘Dovish' First Fed Rate Cut in 4 Years [Yahoo! Finance]Yahoo! Finance
- Truist Foundation announces $250,000 disaster relief, recovery grant in advance of Hurricane Francine hitting U.S. Gulf Coast [Yahoo! Finance]Yahoo! Finance
- Truist Foundation announces $250,000 disaster relief, recovery grant in advance of Hurricane Francine hitting U.S. Gulf CoastPR Newswire
- Truist Financial Corporation (TFC) Barclays 22nd Annual Global Financial Services Conference (Transcript) [Seeking Alpha]Seeking Alpha
TFC
Earnings
- 7/22/24 - Beat
TFC
Sec Filings
- 9/17/24 - Form 4
- 9/9/24 - Form 8-K
- 9/4/24 - Form 4
- TFC's page on the SEC website