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The latest update is out from Truist Financial ( (TFC) ).
On May 13, 2026, Truist Financial amended its Articles of Incorporation to establish the designations, preferences, limitations and rights of a new 6.250% Series S Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, paving the way for a structured capital instrument with specific priority terms. This positions the Series S Preferred Stock as senior to common equity for dividends and liquidation, with contractual restrictions on common and junior stock dividends and repurchases if Series S dividends are not declared or set aside.
On May 15, 2026, the company issued and closed the sale of 500,000 depositary shares, each representing a 1/25th interest in a share of the Series S Preferred Stock with a $25,000 liquidation preference per preferred share, under an effective shelf registration. The transaction, supported by a syndicate of major underwriters and related deposit and receipt arrangements, strengthens Truist’s regulatory capital structure and diversifies its funding base through non-cumulative perpetual preferred equity.
The most recent analyst rating on (TFC) stock is a Sell with a $56.00 price target. To see the full list of analyst forecasts on Truist Financial stock, see the TFC Stock Forecast page.
Spark’s Take on TFC Stock
According to Spark, TipRanks’ AI Analyst, TFC is a Outperform.
The score reflects improving profitability and a constructive price trend, supported by attractive valuation (low P/E and strong dividend). Offsetting this, the financial profile still shows past earnings/cash-flow unevenness and the latest call highlighted ongoing NII/NIM pressure and competitive deposit dynamics, limiting upside confidence.
To see Spark’s full report on TFC stock, click here.
More about Truist Financial
Truist Financial Corporation is a U.S. financial services company that operates as a bank holding company, providing a range of banking and capital markets services. The firm raises capital in the securities markets, including through the issuance of preferred stock and related depositary shares, to support its balance sheet and ongoing financial operations.
Average Trading Volume: 8,917,176
Technical Sentiment Signal: Buy
Current Market Cap: $58.72B
Find detailed analytics on TFC stock on TipRanks’ Stock Analysis page.