Truist’s Lending Income Misses Estimates as Revenue Forecast Cut
Truist Financial Corp. posted lower first-quarter lending profits than forecast and trimmed its revenue guidance for the rest of the year as the bank was forced to pay customers more for deposits as interest rates remain elevated.
Truist Financial Corp. posted lower first-quarter lending profits than forecast and trimmed its revenue guidance for the rest of the year as the bank was forced to pay customers more for deposits as interest rates remain elevated.
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