Stephens Upgrades Truist Financial to Overweight on Pending Insurance Sale Impact

Tuesday, 19 March 2024, 14:27

Stephens has upgraded Truist Financial to Overweight, expecting a capital boost from the pending sale of its insurance unit. This move is anticipated to strengthen Truist's Common Equity Tier 1 (CET1) capital position, presenting a positive outlook for the company's financial health and potential growth.

https://store.livarava.com/d9fba116-e650-11ee-9687-5254a2021b2b.jpe — Stephens Upgrades Truist Financial to Overweight on Pending Insurance Sale Impact

Truist Financial Upgraded to Overweight

Stephens has upgraded Truist Financial from a rating of 'Underweight' to 'Overweight'.

Insurance Sale Impact

This upgrade is based on the anticipated positive impact of the pending sale of Truist's insurance unit, which is expected to boost the company's capital reserves.

Strengthening Capital Position

The sale of the insurance unit is likely to enhance Truist's Common Equity Tier 1 (CET1) capital position, signaling improved financial stability and growth opportunities.

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.