Regional Banks Like Truist Offer Value Despite Tech Sector Woes

AT&T and Verizon have high dividend yields but their stocks have underperformed as debt loads weigh them down.

Regional bank stocks like Truist plummeted due to tech sector lending and rate exposure.

Truist trades at a P/E of 6.7 with a 7% dividend yield, similar to AT&T and Verizon.

Truist is streamlining and building capital, and selling its insurance business could bring in $10 billion.

With rates peaking, Truist should see growth as economy strengthens, unlike AT&T and Verizon which are struggling.