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Stock impact report

Truist gets an earnings boost from its investment banking unit [Yahoo! Finance]

U.S. Bancorp (USB) 
Last u.s. bancorp earnings: 4/15 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
Through the end of March, investment banking and trading fees totaled $323 million, up 23.8% year over year, the Charlotte, North Carolina, company said. It was a marked improvement from previous quarters in which investment banking and trading revenues slumped amid an industrywide downturn in capital markets activities. The upturn reflected strength in equity capital and mergers-and-acquisitions specifically, Truist CEO Bill Rogers told analysts during a conference call to discuss results. But that's not all, he said. Internally, the $531 billion-asset company is making progress in growing its investment banking and trading business. It is having success in cross-selling through its commercial bank, and it has added more than 30 investment bankers at the "managing director" level who bring "great expertise and great access," Rogers said. As capital markets activity resumes, Truist is gaining market share in certain capital-markets products and expanding into industries "that a Show less Read more
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