Truist Financial Corporation's long-term credit ratings were downgraded to Baa1 by Moody's, subsequent to its insurance holdings sale. Despite daily gains, TFC's stocks underperformed compared to competitors on multiple occasions. The company successfully completed the TIH sale and repositioned its balance sheet. Investors bought a high volume of call options on Truist Financial. Natixis Advisors invested in a significant number of shares while Russell Investments Group and Victory Capital Management considerably cut their stock positions. Truist adjusted revenue guidance after the insurance sale, even as some analysts recommended not buying TFC stocks for its next dividend.
Truist Financial Corporation TFC News Analytics from Fri, 15 Sep 2023 07:00:00 GMT to Thu, 09 May 2024 13:35:41 GMT -
Rating -1
- Innovation 0
- Information 7
- Rumor -8
