Earnings Preview: Regions Financial

Jul.21.08 | About: Regions Financial (RF)

Regions Financial (NYSE:RF) is expected to report Q2 earnings before market open on Tuesday, July 22 with a conference call scheduled for 3:00 pm ET.

Guidance

Analysts are looking for EPS of 42c on revenue of $1.77B. The consensus range for EPS is 19c to 52c, while the consensus range for revenue is $1.72B to $1.86B, according to First Call.

Analyst Views

Bernstein on July 11 predicted that Regions' results would be weak. On July 9, Credit Suisse said they were somewhat cautious about Regions. Friedman Billings on June 17 wrote that Regions' capital levels would not be sufficient to withstand anticipated deterioration in the commercial and industrial real estate markets. The firm predicted that Regions would cut its dividend to a level of 84% of the current yield. Friedman Billings maintained their Underperform rating.