Bill Gross says he’s buying Truist, Citizens, KeyCorp, First Horizon shares

Truist (TFC), Citizens Financial (CFG), KeyCorp (KEY), and First Horizon (FHN) were all rising in afternoon trading after Pimco co-founder Bill Gross said in a post on X, formerly Twitter, that the regional bank falling knife has “hit bottom,” and that he’s buying the aforementioned bank stocks. Gross said that the treasury yield picture is “still uncertain,” but noted that the best strategy is to invest in the 2/10 curve continuing to “disinvert.”