Truist to exit near-prime auto lending, sell $5.5B in loans
Published . Updated .
New CEO Mike Lyons has added “a lot of urgency and intensity” around a strategic review the bank is conducting, CFO Mike Maguire said Tuesday.
Directly affected
- No company is named in this report.
Indirectly affected
- CARU BANK MONTREAL QUE MAX AUTO IND
GA selected CARU as a RELATED security because its canonical security name directly matches this event's themes: auto, bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- ALLY ALLY FINANCIAL INC
GA selected ALLY as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BAC BANK AMERICA CORP
GA selected BAC as a RELATED security because its canonical security name directly matches this event's themes: bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BMO BANK MONTREAL MEDIUM
GA selected BMO as a RELATED security because its canonical security name directly matches this event's themes: bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- CM CANADIAN IMPERIAL BANK OF CO
GA selected CM as a RELATED security because its canonical security name directly matches this event's themes: bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- CRBG COREBRIDGE FINANCIAL INC
GA selected CRBG as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
New CEO Mike Lyons has added “a lot of urgency and intensity” around a strategic review the bank is conducting, CFO Mike Maguire said Tuesday.
Source: Banking Dive
The price since 15 Sep 2026: Bank Of Montreal /Can/ (CARU) versus the S&P 500
Disclosure records for Bank Of Montreal /Can/ (CARU) within two months of 15 Sep 2026
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Bank Of Montreal /Can/ (CARU)
Companies mentioned with this story
- CARU Bank Of Montreal /Can/
For “Truist to exit near-prime auto lending, sell $5.5B in loans,” Bank Of Montreal /Can/ (CARU) is linked, with no stored direction, medium confidence. Reason on file: GA selected CARU as a RELATED security because its canonical security name directly matches this event's themes: auto, bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ALLY Ally Financial
Ally Financial (ALLY) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Truist to exit near-prime auto lending, sell $5.5B in loans.” Reason on file: GA selected ALLY as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BAC Bank Of America
In “Truist to exit near-prime auto lending, sell $5.5B in loans,” Bank Of America (BAC) is linked, with no stored direction, medium confidence. Reason on file: GA selected BAC as a RELATED security because its canonical security name directly matches this event's themes: bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BMO Bank Of Montreal /Can/
Bank Of Montreal /Can/ (BMO) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “Truist to exit near-prime auto lending, sell $5.5B in loans.” Reason on file: GA selected BMO as a RELATED security because its canonical security name directly matches this event's themes: bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CM Canadian Imperial Bank Of Commerce /Can/
For “Truist to exit near-prime auto lending, sell $5.5B in loans,” Canadian Imperial Bank Of Commerce /Can/ (CM) is linked, with no stored direction, medium confidence. Reason on file: GA selected CM as a RELATED security because its canonical security name directly matches this event's themes: bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- CRBG Corebridge Financial
In “Truist to exit near-prime auto lending, sell $5.5B in loans,” Corebridge Financial (CRBG) is linked, with no stored direction, medium confidence. Reason on file: GA selected CRBG as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
How “Truist to exit near-prime auto lending, sell $5.5B in loans” reaches Bank Of Montreal /Can/ (CARU)
The 15 Sep 2026 story “Truist to exit near-prime auto lending, sell $5.5B in loans” names Bank Of Montreal /Can/ (CARU) because of this story.
Bank Of Montreal /Can/ (CARU) is on the page because GA selected CARU as a RELATED security because its canonical security name directly matches this event's themes: auto, bank. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Ally Financial (ALLY): GA selected ALLY as a RELATED security because its canonical security name directly matches this event's themes: financial. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates and price levels for Bank Of Montreal /Can/ (CARU)
ALLY traded between 36.18 and 40.33 across 20 sessions. The latest close on file is 37.53. BAC traded between 49.26 and 58.11 across 20 sessions. The latest close on file is 50.39. CARU traded between 17.38 and 17.38 across 1 sessions. The latest close on file is 17.38.
What the saved facts support for Bank Of Montreal /Can/ (CARU)
46 out of 100
“Truist to exit near-prime auto lending, sell $5.5B in loans” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.