![]() ![]() ![]() But instead of declining, expenses have been going up.ĭuring the second quarter, noninterest expenses totaled $3.75 billion, up 1.5% from the first quarter and 4.7% year over year. The deal - which combined the $225 billion-asset BB&T in Winston-Salem, North Carolina, and the $216 billion-asset SunTrust in Atlanta - was supposed to produce annual cost savings of $1.6 billion by the end of 2022. It remains the largest "merger of equals" in recent banking history. and SunTrust Banks created the $565.8 billion-asset juggernaut known as Truist. "They need to start getting expenses under control, and if they don't have the right people in place, they need to get the right people," he said. That's the highest projected annual uptick in spending among the large banks, and it's happening at a time when Truist was supposed to start realizing the full cost-savings benefits of the merger, Mayo said. The frustration is largely due to the projected increase in Truist's expenses, which are now forecast to rise 7% year over year. You can help us improve it.Investors are at "a boiling point" after the company's most recent earnings call, said Mike Mayo, an analyst at Wells Fargo Securities. The current text is the result of machine translation. ![]() ![]() Multi-Language: support English, Deutsch, Français, 日本語, Dutch, Italiano, Español, Traditional Chinese, etc.Useful utilities: merge backup images, password encryption, split backup images, customize email notifications, etc.Fast bare metal restore, universal restore and selectively file restore.Automatic monitor and real-time sync newly added, modified or deleted files.Easily dynamic disk volume clone, copy or backup to ensure data safe.Smart backup strategy and scheduled differential backup to save time and space.Advanced system clone, UEFI clone, GPT to MBR clone, and customized clone.As the advanced edition of AOMEI Backupper Standard, it includes all features of the Standard edition, and provides more unique features listed below, helping create the best computer backup. AOMEI Backupper Professional edition is complete yet easy-to-use cloning and backup software for Windows PCs and laptops. ![]()
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