Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5943
    +0.0006 (+0.11%)
     

  • NZD/EUR

    0.5548
    +0.0002 (+0.03%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    82.90
    +0.09 (+0.11%)
     

  • GOLD

    2,327.30
    -11.10 (-0.47%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,295.93
    +94.66 (+0.55%)
     

  • NIKKEI 225

    37,696.52
    -763.56 (-1.99%)
     

  • NZD/JPY

    92.4650
    +0.3500 (+0.38%)
     

Why Truist Financial Stock Fell 19.1% This Week

Dave Kovaleski, The Motley Fool
·2-min read
Why Truist Financial Stock Fell 19.1% This Week

Truist Financial (NYSE: TFC) took a hit this week as its share price dropped 19.1% this week from last Friday's close through 10 a.m. ET today, according to S&P Global Market Intelligence. The failure of SVB Financial's Silicon Valley Bank last week, followed by the subsequent failure of Signature Bank on Sunday, set the stage for a wild week for the banking industry and bank stocks. Truist, the nation's seventh-largest bank, largely got caught in the sell-off, as it hit regional banks and smaller community banks harder than it did the mega banks.

Continue reading