Fee Income to Aid Truist's (TFC) Q2 Earnings, Lower NII to Hurt

Per the Federal Reserve's latest data, demand for commercial and industrial (C&I) loans (accounting for roughly 50% of TFC's total loans and leases held for investment) was modest in the first quarter. Meanwhile, consumer loan (almost 40% of total loans and leases held for investment) demand was subdued. The Zacks Consensus Estimate for TFC's average earning assets is pegged at $478.3 billion, which suggests a 5.3% fall from the prior-year quarter's reported figure. The consensus estimate for NII (fully tax ...