Truist Securities maintained a neutral outlook on real estate investment trusts for 2025, factoring improving fundamentals but impact of long-term interest rates and tight yield spreads.
The company, which has been trying to rein in costs for years, said adjusted noninterest expenses rose 8.4% from a year ago to $3 billion for the fourth quarter.
The company Friday reported net income of $1.28 billion for the fourth quarter, or 91 cents a share, compared with a loss of $5.09 billion, or $3.87 a share, in the same quarter of the prior year.
The Truist regulatory disclosure is unusual in the details behind Hugh Cummins III's departure, citing it "results from ...
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Truist Financial Corporation (TFC) has reported a strong fourth-quarter performance for 2024, with net income available to ...