Truist stock is getting wrecked, worst it's been since MoE. Q3 numbers are expected to be rough, and we'll see that confirmed tomorrow morning. Looks like another Project STAR is coming soon, and it'll be even bigger than the last one. Truist is struggling, mostly due to mismanagement by Bill and team, coupled with tough economic conditions.
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Troll.
You can always tell in this thread who still works at Truist and those who got processed and at Elmer Fudd Credit Union. lol
@eb Wrong thread?
Interesting that no Mike Mayo or any other Wells analyst was on the call. Bill black ball them for downgrading SunTruist?
Down 10 percent this week before a 4 percent bump today. Down 25 percent since merger while every other bank of similar size and bigger have doubled their share price in last 5 years. Yeah ole BillyBob has done incredibly well. Keep up the good work and keep tricking them with new initiatives. SMDH
Pre-market trading has TFC up based on the good earnings call. You all “in the know” are well informed hahahahaha
Looks like the Q3 earnings were strong. Your comments appear to be wrong, which is not unusual for this message board
@at I'm close to retirement so as much as the thought of 5 days makes my blood boil due to the inequality of enforcement, im going to smile and stick it out for the pension.
I think the EL would prefer to have people quit than to do another Project STAR. The 5 day RTO announcement will drive some people to quit. We have so many people who are Telecommuters (including contractors) whose distance from offices does not warrant that status, and a 5-day requirement is worse than what we had prior to the merger and COVID (back then it was up to 2 days at home). Personally, I would take a package if offered one. I've contemplated quitting, but I want a package for putting up with so much cr-p. I do feel for folks who cannot leave since the job market stinks right now.
First priority of publicly traded companies is to maximize shareholder wealth. Number two is to maximize profit. Shareholders have to be livid over the performance of Truist over the years!
Bill and his motley crew will cash in millions no matter how far the bank’s share price falls. They know the game, and they’ll ride this cash cow until there’s nothing left. Meanwhile, we’re the ones who suffer — and the ones they laugh about while spending their bonuses. The smartest move we can make is to leave, because anything is better than staying under this leadership.
“Once we put those merger issues behind us it is off to the races”…
Huge disconnect between stock price and management arrogance
Almost all bank stocks of significance have doubled their share price in last four years. Truist? Not exactly. No one can nor will understand how Bill and this BOD continue in charge of this banks present and future. Poor performance, unheard of turnover at the executive level, unheard of turnover at the next levels of management. Tomorrow you will hear more word salad nonsense about purpose and how the plan is on track and market conditions have made challenges. I certainly hope we hear some analysts put Bills feet to the fire. It’s unbelievable what this guy has done to this bank and still has the job of Chairman and CEO.
It's those pesky economic headwinds, I tell ya!