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Posted on 8/16/23 at 10:40 am to
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 8/16/23 at 10:40 am to
quote:

made a decent return with TFC earlier this year


I’m in TFC, FHN, and SCHW. Breaking even on the group at the moment, but happy with my positions overall.
Posted by Hangit
The Green Swamp
Member since Aug 2014
45477 posts
Posted on 8/16/23 at 8:36 pm to
quote:

Now they’re at 5% plus.


Truist is paying 4.5 for a 12 month CD. They want 10.5 if I was to borrow. None for me, thanks.
Posted by Hangit
The Green Swamp
Member since Aug 2014
45477 posts
Posted on 8/16/23 at 8:43 pm to
quote:

I made a decent return with TFC earlier this year


I read a rumor that the dividend has increased every year for at least ten years. Right now, I am making a touch over 7%. They just passed out almost a half billion to the FDIC to replenish their coffers (WTF?) 17 million to help ne'er do wells get housing, a million here, there over there, and way over there to help women and minorities get ahead.

If these mooks will stop passing out the stockholder's cash like they are mad at it, they can do some good dividend raising.
Posted by Im4datigers
Northern Virginia
Member since Oct 2003
4649 posts
Posted on 8/17/23 at 6:45 am to
quote:

Truist is paying 4.5 for a 12 month CD


Truist is a shite bank too. None of the big banks have to pay shite for deposits as they have branches on every corner and a huge amount of free consumer deposits and small business deposits. They probably don’t even calculate their loan to deposit ratio!
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