Why Is Truist Financial Corporation (TFC) Among the Best Bank Stocks to Invest In Now? [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Yahoo! Finance
In 2023, the US banking industry took a major hit, as Silicon Valley Bank collapsed, followed by the downfall of two other major banks. It was the biggest shake-up the industry had seen since the 2008 financial crisis. Despite the US banking crisis, the past two years have been the best for banks since before the Great Recession. Shocking, right? According to McKinsey , banks made $7 trillion in revenue and $1.1 trillion in net income globally during 2023, with a return on tangible equity of 11.7%. They have also strengthened their capital and liquidity, with capital levels at 12.8% and liquidity at 77.2%, both improving from 2022. In fact, banks earned more profit than any other sector worldwide last year. Right now, 14% of banks are making up 80% of the industry's economic profit, which is a big jump from 11% in 2013. This is nearly five times higher than most other industries, where a few big players usually dominate the performance. In 2023, global dividends surged to a recor
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News
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TFC
Earnings
- 10/18/24 - Beat
TFC
Sec Filings
- 12/6/24 - Form 4
- 12/4/24 - Form 144
- 11/27/24 - Form 4
- TFC's page on the SEC website