Truist Financial Plans ‘Sizable Reductions' in Jobs, $750 Million Cut in Expense

Truist Financial will make “sizeable reductions” in its workforce from the third quarter through the first quarter of 2024. This is part of an effort to take out costs and lower expense growth, the...

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Truist Financial: The 6.3% Yielding Preferred Shares Could Be An Option

Truist Financial's preferred shares offer an overlooked way to invest in the company from an income perspective (but they don't offer a higher yield versus the common shares). The bank's financial ...


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