Truist CFO Maguire Says Topline Revenue Likely to Decline 3%
Portfolio Pulse from Benzinga Newsdesk
Truist Financial Corp's CFO Daryl Maguire announced that the company's topline revenue is likely to decline by 3%.
June 12, 2023 | 6:49 pm
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Truist Financial Corp (TFC) is expected to experience a 3% decline in topline revenue, according to CFO Daryl Maguire.
The announcement by Truist's CFO Daryl Maguire about the expected 3% decline in topline revenue directly impacts the company's financial performance. This negative outlook may lead to a decrease in investor confidence and potentially affect the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100