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re: 2024 bank failure predictions
Posted on 1/26/24 at 9:33 am to Shepherd88
Posted on 1/26/24 at 9:33 am to Shepherd88
quote:
Truist has $37b in cash and $10b cash inflow with total long term debt of $67b. They don’t need liquidity. They’re extremely profitable. The only negative to them is their revenue growth contracted recently.
I am telling you what we are being told. They are concerned about the new reserve requirements that are being imposed by the feds.
There is also an issue that we are undervalued on the balance sheet, and they can get a high multiple return by selling us.
2
Posted on 1/26/24 at 11:24 am to mule74
The entire industry is competing for liquidity. It’s not coming from deposit growth so it has to come from somewhere. In addition to the planned insurance company sale, Truist shut down fixed income sale & trading in 2023. It was a profitable business for them so the reasons why remain unclear other than the ambiguity of “strategy review and alignment.”
Posted on 1/26/24 at 11:36 am to mule74
quote:
I am telling you what we are being told. They are concerned about the new reserve requirements that are being imposed by the feds.
There is also an issue that we are undervalued on the balance sheet, and they can get a high multiple return by selling us.
Doesn't Truist have a bigger insurance business than most other comparable banks?
Maybe it's also a factor of simplification.
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