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The broader market indices, the S&P 500 Index and Dow Jones Industrial Average, dipped by 0.13% and 0.03%, respectively, on the same day. Truist’s performance was relatively underwhelming when compared to competitors like JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp (NYSE:BAC)., and Wells Fargo & Co., which all witnessed stock increases.
JPMorgan Chase & Co., for instance, saw its share price rise by 0.42% to $142.90 on Thursday. The performance of these firms highlights the challenging market conditions that Truist is navigating.
Furthermore, Truist’s trading volume for Thursday was reported at 8.3 million, still below its 50-day average volume of 10.2 million. This suggests a potential lack of investor interest in the bank’s shares at present.
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