Several of the nation’s best-known midsized lenders reported sizable drops in profits during the fourth quarter, a reminder of how challenging 2023 was.
The problem is that things aren’t expected to get much better in 2024.
The stock of Discover Financial Services (DFS) fell 11% Thursday after it reported that earnings fell 62% from the year-ago period. KeyCorp (KEY) fell by more than 4% after it said profits dropped 36%. Truist (TFC) rose slight after falling for most of the afternoon. It…
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