Truist Financial Q3 adjusted EPS $1.16 beats estimates, sales miss; plans $1B Q4 buybacks, sells LightStream to Carlyle for $7.2B

Truist Financial reported Q3 adjusted EPS of $1.16, beating the $1.11 estimate, while sales of $5.304B missed the $5.354B estimate. The company expects ~$1B in Q4 share repurchases, signed a deal to sell LightStream loans to Carlyle Group for net proceeds of $7.2B, and said a broader strategic review is ongoing.

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