Replies to post #75955 on Savvy Trades and Investments

[swampboots]

An unknown future profit pod, is that Banks have been trying to lose their physical presence in NYC on every block, but many people resist desiring instead only to use live tellers,.....now starved of this choice to transact safely, many have learned to do their majority of bank business on line. This fear of risking dangers to their health has sped up the education of their customers by years, and will perhaps now allow these banks with so many branches, to close most of them up, saving significant millions on staff and rent.

[bbotcs]

sskillz1

i am typing with one hand hence the lower case for some letters

Banks have to be saving on labor costs because their branches are open by appt. only. There is only 1 teller at my bank. interesting case is Truist. TFC is the symbol. They are completing a merger of Suntrust and BB&T by the end of the year. Their labor costs going forward should be WAY down as they close lots of branches. But in the short term they will have one-time merger and severance-pay costs. one to look at in my opinion.