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Truist Financial Sells $5.5B Auto Loan Portfolio, Reaffirms Outlook
Source: Nasdaq
M&A & RestructuringCorporate Guidance & OutlookCompany FundamentalsBanking & LiquidityAutomotive & EV
Truist Financial reaffirmed its current-quarter and full-year outlook while planning to sell $5.5 billion of near-prime auto loans and exit its Regional Acceptance Corporation business. The move represents a meaningful portfolio simplification and reduction in auto-credit exposure, while the maintained outlook supports confidence in near-term operating performance.
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