Truist Financial Corp
TFC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.Z | LOCK|b< | LOCK|>s?CS< |
Truist: Divestiture of Near-Prime Auto Lending Portfolio Is the First Move Under CEO Mike Lyons
Truist announced that the firm has agreed to sell an auto portfolio of $5.5 billion under Regional Acceptance Corporation, in a deal expected to close in the late third quarter or early fourth quarter. Shares traded up by low single digits following the announcement.
