Regions Financial Corp (RF) reported quarterly earnings results on Friday, Apr-15-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.19. The company posted revenue of $1368.00 million in the period, compared to analysts expectations of $1339.58 million. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Regions Financial Corp. Regions Financial Corp was Downgraded by Macquarie to ” Neutral” on Apr 1, 2016. Regions Financial Corp was Downgraded by FIG Partners to ” Underperform” on Feb 24, 2016. Regions Financial Corp was Downgraded by Morgan Stanley to ” Equal-Weight” on Feb 11, 2016.
Regions Financial Corp opened for trading at $7.7 and hit $7.88 on the upside on Monday, eventually ending the session at $7.76, with a gain of 1.17% or 0.09 points. The heightened volatility saw the trading volume jump to 2,32,00,329 shares. Company has a market cap of $9,994 M.
In a different news, on Mar 4, 2016, Susan W Matlock (director) sold 26,000 shares at $8.10 per share price. According to the SEC, on Dec 2, 2015, Cynthia M. Rogers (SEVP) sold 9,500 shares at $10.21 per share price. On Aug 18, 2015, Lee J Iii Styslinger (director) sold 10,000 shares at $10.52 per share price, according to the Form-4 filing with the securities and exchange commission.
Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank an Alabama state-chartered commercial bank which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions including commercial and industrial commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network including consumer banking products and services related to residential first mortgages home equity lines and loans and small business loans among others. The Wealth Management segment offers individuals businesses Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.