Did Loan Sales Just Shift Truist Financial (TFC) Investment Narrative?

Truist Financial reported mixed third quarter 2026 results, with EPS of $1.16 slightly below consensus, revenue of $5.19b missing estimates, higher net charge offs of $629 million, and significant loan portfolio repositioning including sales tied to LightStream and RAC. The bank is reshaping its business mix through divestitures, buybacks totaling 70,161,301 shares for about $3.53b, and new leadership roles focused on consumer, small business, and wealth, while issuing fourth quarter 2026...