Bre Bradham

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

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Recent Articles

Truist Financial Corporation: Lower Net Interest Income Amidst Higher Deposit Costs and Economic Uncertainty - Q1 2024 Earnings Report

Truist Financial Corporation: Lower Net Interest Income Amidst Higher Deposit Costs and Economic Uncertainty - Q1 2024 Earnings Report

Broke On: Monday, 22 April 2024 Truist Financial Corporation reported lower-than-expected first-quarter net interest income due to elevated interest rates and increased deposit costs, resulting in a 4.5% decrease in average earning assets. The bank set aside more funds for potential bad loans and saw a 13% increase in digital transactions with mobile app users up by 8%. Non-interest income was up by 6.1%, but the stock price only experienced a slight increase.
Truist Financial Corporation: Lower Net Interest Income Amidst Higher Deposit Costs and Economic Uncertainty - Q1 2024 Earnings Report

Truist Financial Corporation: Lower Net Interest Income Amidst Higher Deposit Costs and Economic Uncertainty - Q1 2024 Earnings Report

Broke On: Monday, 22 April 2024 Truist Financial Corporation reported lower-than-expected first-quarter net interest income due to elevated interest rates and increased deposit costs, resulting in a 4.5% decrease in average earning assets. The bank set aside more funds for potential bad loans and saw a 13% increase in digital transactions with mobile app users up by 8%. Non-interest income was up by 6.1%, but the stock price only experienced a slight increase.