Sale of Insurance Division to Enhance Truist's Capital Strength

Tuesday, 19 March 2024, 13:31

Stephens has upgraded Truist Financial, foreseeing a positive impact on its capital strength due to the forthcoming sale of its insurance division. The move is expected to elevate Truist's Common Equity Tier 1 (CET1) ratio, enhancing its overall financial stability and positioning in the market.
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Sale of Insurance Division to Enhance Truist's Capital Strength

Sale of Insurance Division to Enhance Truist's Capital Strength

Stephens has upgraded Truist Financial, citing the pending sale of its insurance unit to strengthen capital.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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