markets · · seekingalpha.com
Truist Financial: A Combination Of High-Yielding Preferreds And Common Stock Makes The Most Sense
Truist Financial reported a Q3 EPS of $0.57, impacted by non-recurring portfolio rotation losses and a provision reversal. Normalized EPS, excluding non-recurring items, was $1.16, positioning TFC for approximately $4.75/share in annualized earnings. The Series R preferred shares offer a 7.16% stripped yield and significant capital gain potential if rates decline.
Truist Financial reported a Q3 EPS of $0.57, impacted by non-recurring portfolio rotation losses and a provision reversal. Normalized EPS, excluding non-recurring items, was $1.16, positioning TFC for approximately $4.75/share in annualized earnings. The Series R preferred shares offer a 7.16% stripped yield and significant capital gain potential if rates decline.
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