I feel like if anyone announced a purchase of Truist, their stock would drop by 75% in a day?
9 replies (most recent on top)
U.S. Bank employee here. We’re d-mb enough to acquire you. Merger of equal dummies…….the media will love it.
@j2 They have until 2028 to pull off another unregulated merger or sale under this federal regime. No other admin in history would have approved the MoE that created this unholy beast.
@c2 Not entirely true; a PNC or USB technically could pull it off but you’re right they’d be stupid to do it. Best way to maximize value for shareholders is separate the businesses and sell the parts. Investment bank to Wells (CEO is a Dimon disciple and a would love an M&A shop); brokerage firm to PNC (they don’t have a big brokerage op like a Merrill or UBS); retail franchise to Huntington (those former TFC execs would give anything for that turnabout); fintech to the new Pinnacle; that sort of thing. I have no clue how they’d pull that off but TFC is a jalopy worth more for her parts than as a whole.
Sad but there’s a salvage value in here. I just don’t think Bill would do it.
@bv Ironic…..look it up.
Zero chance. No bank big enough to buy them would be allowed to. It's a stupid suggestion.
I feel like if you a brain bigger that your ear you wouldn’t post d-mb sh-t
Not going to happen under any circumstance. You guys need to let it go.
Pretty sure there’s no up side for a buyer
Too toxic in my view.