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Truist’s quarterly profit rises on strength in investment banking and trading

First publishedJul 17, 11:42 UTC
Last updatedJul 17, 13:53 UTC · 5m ago
11 outletInvesting.com · Stock Market
Investing.com · Stock Market6Truist’s quarterly profit rises on strength in investment banking and tradingOpen ↗
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Truist’s quarterly profit rises on strength in investment banking and trading
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July 17 (Reuters) - Truist Financial reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled trading desks. Across the industry, banks have reaped gains from a revival in dealmaking that has bolstered lucrative advisory fees, while heightened market volatility has fueled client activity across their trading desks.

Reported by 1 outlet — Investing.com · Stock Market. See all sources ↓

July 17 (Reuters) - Truist Financial reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled trading desks. Across the industry, banks have reaped gains from a revival in dealmaking that has bolstered lucrative advisory fees, while heightened market volatility has fueled client activity across their trading desks. • Truist’s investment banking and trading income climbed nearly 72% in the three months ended June 30 from a year earlier. • Shares of the bank rose 1.9% in premarket trading.

Read the full report at Investing.com · Stock Market ↗

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What's the story?
July 17 (Reuters) - Truist Financial reported a higher quarterly profit on Friday, as a rebound in capital markets activity helped boost earnings from investment banking, while volatility fueled trading desks. Across the industry, banks have reaped gains from a revival in dealmaking that has bolstered lucrative advisory fees, while heightened market volatility has fueled client activity across their trading desks.
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1 outlet, average source rating 6.0/10.
When was it last updated?
5m ago.
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    Truist’s quarterly profit rises on strength in investment banking and trading

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    Investing.com · Stock Market
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Avg source rating 6.0/10
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