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2.17092189355362E-16 2.17092189355362E-16 0.00824931255728699 0.00824931255728699 2.17092189355362E-16 0.00824931255728699 0.00824931255728699 0.0106935533150016
Stock impact report

Truist In A Little Better Shape Than Many Of Its Peers [Seeking Alpha]

U.S. Bancorp (USB) 
Last u.s. bancorp earnings: 4/15 06:45 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryTruist's underlying financial performance was strong in the first quarter, with outperformance on the revenue and expense lines driving a healthy core pre-provision beat.Truist added $600 million to its reserves; Truist's reserve position is comparatively good next to expected losses in a severely adverse scenario, and loan marks provide some cushion.I expect Truist's reserve additions will be more modest than its peers and I believe the shares are undervalued.Painting with a broad brush, all of the super-regional banks are more or less in the same boat now – a tough rate environment, a coming recession, and concerns over reserve levels. I will argue thatTFCI believe Truist can generate double-digit earnings growth from what will likely be a very low 2020 base year, and I’m not all that concerned about Truist’s reserve or capital position. Whether the recovery is U-shaped or V-shaped, Truist will have a strong franchise in some of the most attractive U.S. banking markets, as we Show less Read more
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