Thread regarding Truist Bank layoffs

Stock price approaching price that makes being bought by bigger bank more palatable.

In a recent note, Baird highlighted Truist (TFC) as an attractive acquisition target. "While there are only a couple of banks that could reasonably acquire Truist in an all-stock deal, the bank would command a meaningful premium given its attractive Southeastern footprint, healthy capital levels, and NII accretion from swaps/securities repricing," he noted.

The day BillyBob took over the stock price was $55. It topped out 4 months later and then began to sink.

Why would any serious investors buy tfc as long as billybob is in charge?

This doesn’t prove anything. Classic confirmation bias.

I read this subject title a different way.

We didn’t need AI to tell us any of that. Perhaps the BOD needs AI to tell them. Obviously they aren’t listening to anyone other than slick Wi--y.

ChatGPT had similar responses:

Poor customer service and communication issues.
• Increased fees and unexpected account changes.
• Branch closures reducing accessibility.
• Digital banking glitches and reliability concerns.
• Executive decisions prioritizing profits over clients.
• Merger-related instability and service disruptions.
• Negative employee morale and layoffs.
• Slow response to customer complaints.
• Complex and frustrating loan processes.
• Declining community trust and reputation.

And how many of those points do the executives acknowledge? Maybe 2.