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Another round of regional banks are out with second-quarter earnings results. The worst-case scenarios investors feared have so far not materialized, but profits are under a lot of pressure.
Fifth Third (FITB) said deposits rose around 1% from the previous quarter and 2% from a year earlier.
KeyCorp (KEY) deposits were up nearly 1% from the prior quarter, and down a half percentage point from a year ago.
Truist Financial’s (TFC) deposits were largely flat from the previous quarter and down 4% from a year earlier.
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