27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Truist Financial Corp (NYSE:TFC) reported fourth-quarter FY23 revenues of $5.76 billion, beating the consensus of $5.69 billion.
Net interest income in the quarter under review fell to $3.60 billion from $4.03 billion the prior year, and noninterest income declined to $2.16 billion from $2.23 billion a year ago.
Net interest margin was 2.98%, compared with 3.25% a year ago. Adjusted EPS in the quarter under review was $0.81, missing the consensus of $0.89.
The provision for credit losses was $572 million compared to $467 million for the fourth quarter of 2022. The current quarter provision expense increase primarily reflects higher net charge-offs and an allowance build.
Average loans held for investment decreased $5.5 billion, or 1.7%, compared to the third quarter of FY23.
Truist’s CET1 ratio was 10.1% as of December 30. The increase since September 30, 2023, resulted from organic capital generation and RWA optimization.
Bill Rogers, Truist Chairman & CEO stated, “Looking into 2024, we remain diligently focused on winning on our home court in the best U.S. markets by helping new and existing core clients reach their financial goals. Our heightened focus on capitalizing on this competitive advantage will drive efficiencies and growth that will lead to increased franchise and shareholder value.”
Price Action: TFC shares are up 0.89% to $36.10 premarket on the last check Thursday.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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