If you can’t dazzle them with science baffle them with BS:
We see multiple paths and initiatives that, with proper execution, will result in improved performance, which we expect to show you in 2025," Rogers said. "I'm as optimistic as ever about Truist's future, especially in light of the momentum I see every day inside of this company."
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Why would anyone still own shares?
If you want 6% like all our competitors ask mgmt to get rid of the pension so the retirement is like every other place
Keep up the good work, Bill. Truist continues to underperform the majority of its competitors. If you think Truist is going to make its numbers, relying solely on investment banking fees and wealth, while CCB is flat or declining, you must be in dreamland.
Just incase anyone is keeping up regarding the discretionary 401k; the match used to be 6%, went down to 4%, so even if they give us the 1% discretionary, they are still winning and we are still losing.
Omg Beau is gone and still grinding the axe on him
Discretionary 1% is expected to be paid out in March after comp committee approves it. Ya'll are all doom & gloom in here.... relax.
The funny thing is, we were told that we would get a discretionary 401k bonus once the bank gets back on track. The execs keep tooting their horns saying how great the bank is doing, yet not a PEEP out of them on fulfilling their promise. I thought their "promise" was BS from the start, but funny (and sad) to see that I was right. Such a trash C-suite that only cares about their next yacht.
Bill- please stop doubling down on the DEI woke nonsense. You don't have to pretend anymore. Sincerely - an employee who just wants return on my shares to retire.
One question that popped up on Friday's call was about Truist's recent leadership changes. On Monday, Hugh "Beau" Cummins III resigned from his role as chief operating officer, following the "completion of several strategic initiatives" he helped move forward, Truist said in a filing.
His responsibilities were redistributed among other executives. Analyst Erika Najarian of UBS Securities wondered if there was a message that investors should take away from the changes.
"We took the opportunity to take some of those responsibilities and distribute them among some of my existing leaders, so that gives them some more opportunity to grow and some more opportunities to expand their tool kits," Rogers said. "I feel really, really, really good about that."
There absolutely is momentum. Momentum right down the drain.
Can you get the quotes on all the layoffs coming from the announcement as well