Truist Financial Corp

TFC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$68.00	Wmqcdm	Swkvtjykg

Truist's Sale of Insurance Business Accelerates Balance-Sheet Repositioning and Capital Accumulation

Michael Wong , Eric Compton

May 29, 2024

Business Strategy and Outlook

Truist is one of the larger regional banks in the US and its presence is largely concentrated in the east and southeast. Truist has many of the typical offerings of a bank, including retail and commercial banking, however, it also has some more unique parts as well, including a sizable investment banking unit, wealth and advisory services, and its LightStream digital lending platform.

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