Truist Financial, U.S. Bancorp, and Republic Bancorp Stocks Trade Down, What You Need To Know
Truist Financial (TFC), U.S. Bancorp (USB), and Republic Bancorp (RBCAA) fell 3.9%, 3.8%, and 3% respectively after the Fed raised rates to 3.75%-4% and signaled more hikes, citing elevated inflation. Bank stocks declined on concerns about slower lending and economic activity. TFC is down 2.6% YTD and 13.2% from its 52-week high.


