Truist focuses on tech as EPS falls short

Truist Financial invested heavily in technology and related professional services in the second quarter of 2023 as rising expenses overshadowed income growth.  Truist’s software expense rose 10.7% quarter over quarter to $237 million from $214 million, according to the bank’s earnings supplement. This hike was accompanied by a 12.7% QoQ growth in professional fees and outside […]