$Truist Financial (TFC.US)$is scheduled to report its fourth-quarter and full-year 2024 results on 17 Jan before the market open. With the implementation of rate cuts in 2024, we should be seeing the overall lending scenario improved in the quarter ending 31 Dec 2024. As seen from 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 hel...
The Federal Reserve announced Monday that Michael Barr, the Fed's top banking regulator, will step down from his role as Vice Chair for Supervision on February 28. However, Barr will remain a Fed governor, continuing his term until 2026. Following the announcement, bank stocks broadly gained, with$Citigroup (C.US)$and$Morgan Stanley (MS.US)$rising more than 2%, and regional banks$Synovus Financial (SNV.US)$and$East West Bancorp (EWBC.US)$climbing ...
As Trump is expected to officially take office as the 47th President of the United States on January 20, 2025, and implement his policies, the banking sector, especially regional banks, may become an important investment opportunity. Trump's administration has explicitly stated its intention to relax banking regulations, particularly for smaller and mid-sized banks, which could ignite growth potential in these institutions. With a m...
As Trump is expected to officially take office as the 47th President of the United States on January 20, 2025, and implement his policies, the banking sector, especially regional banks, may become an important investment opportunity. Trump's administration has explicitly stated its intention to relax banking regulations, particularly for smaller and mid-sized banks, which could ignite growth potential in these institutions. With a m...
Key Takeaways Goldman Sachs, Morgan Stanley, Citigroup, and other top financial firms are scheduled to report earnings this week. Investors will also get financial updates from UnitedHealth Group, Johnson & Johnson, and Intuitive Surgical, while Taiwan Semiconductor Manufacturing and Netflix also will issue earnings this week. Retail sales, housing starts, building permits, and homebuilder confidence are also on tap this week. Bond markets are closed for t...
I have been so busy today and I apologize for not making a post earlier, however here are today's alerts. $TFC 240719 37.50C$ Unusual 10,000 Buyer @.46 $IEF 240621 93.00C$ Unusual 35,000 Buyer @1.16 $LQD 240920 112.00C$ Unusual 15,000 Buyer @.40 Over the past few weeks there have been huge call buyers on LQD. I don't know enough about it to personally take a trade, however it could be a good play, but I will need more r...
Jamie Cook and other professionals joining Truist Securities is anticipated to boost the firm's industrials sector expertise, especially with significant infrastructure investments, energy transition, modernization, and the growing impact of automation, AI, and machine learning on the sector's business models.
Citigroup's Keith Horowitz reiterated a buy rating on Truist, noting the sale's pricing was slightly higher than expected, leading to better capital accretion. Brad Ptasienski of West Monroe expects Truist Insurance Holdings to seek acquisitions for inorganic growth upon becoming independent.
Citigroup's Keith Horowitz reaffirms buy rating on Truist, stating the sale of Truist Insurance Holdings was anticipated. He notes the sale price was higher than expected, leading to better capital accretion. Truist's CEO believes the transaction will bolster their balance sheet and provide investment flexibility in their core banking franchise.
101654241 : why is my trading account now called "margin" account?