Truist Financial at Bank of America Conference: Strategic Growth Focus

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Truist Financial presented at the Bank of America Financial Services Conference, outlining a strategic shift from a defensive to an offensive posture focused on earnings growth and profitability improvement. The bank aims for a 15% ROTCE by 2027, driven by loan and deposit growth, fee income expansion, and expense management, while also targeting a 10% CET1 ratio by the end of 2027 with strategic capital deployment. CFO Mike Maguire emphasized the company’s commitment to becoming the leading regional bank, leveraging its products and talent, and closely monitoring credit quality in select sectors.

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