Activists at the gate: Could investor pressure prompt insurance spin-off plans at Truist?
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Activists at the gate: Could investor pressure prompt insurance spin-off plans at Truist?

Jairo Ibarra
August 24, 2023
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The assumption that Truist will spin off its insurance business in a not-so-distant future has resurfaced, with the expectation that the financial group could be the subject of an activist campaign.

In a recent note titled “TFC: Primed for activist”, Wells Fargo’s banking analysts outlined five issues affecting Truist’s performance following the 2019 BB&T-SunTrust merger deal, noting that “investors are frustrated and want change”.

The

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OpinionPrivate equityIPOsM&ATruistStocks
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Jairo Ibarra
Senior Reporter
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