Citigroup's Keith Horowitz reaffirms buy rating on Truist, s...

Moomoo AI Feb 21, 2024 00:29

Citigroup's Keith Horowitz reaffirms buy rating on Truist, stating the sale of Truist Insurance Holdings was anticipated. He notes the sale price was higher than expected, leading to better capital accretion. Truist's CEO believes the transaction will bolster their balance sheet and provide investment flexibility in their core banking franchise.

Truist Gets Better-than-expected Price for Insurance-brokerage Unit as Private-equity Firms Build up Presence in Sector

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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