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An announcement from Truist Financial (TFC) is now available.
Truist Financial Corporation has successfully completed the sale of its insurance brokerage subsidiary to a consortium including Stone Point Capital, Clayton, Dubilier & Rice, and Mubadala Investment Company. Following the closure of this deal, Truist has strategically repositioned a segment of its investment securities portfolio. This move is part of Truist’s ongoing efforts to streamline its operations and enhance its financial structure for future growth.
Learn more about TFC stock on TipRanks’ Stock Analysis page.