Another round of regional banks are out with second-quarter earnings results. The worst-case scenarios investors feared have so far not materialized, but profits are under a lot of pressure.
Fifth Third (FITB) said deposits rose around 1% from the previous quarter and 2% from a year earlier.
KeyCorp (KEY) deposits were up nearly 1% from the prior quarter, and down a half percentage point from a year ago.
Truist Financial’s (TFC) deposits were largely flat from the previous quarter and down 4% from a year earlier.
Source: https://www.wsj.com/livecoverage/stock-market-today-dow-jones-07-20-2023/card/day-3-of-regional-bank-earnings-fifth-third-keycorp-truist-HfUrDhlfjpVPcvkZB6mH?siteid=yhoof2&yptr=yahoo