Regions Financial in the red after earnings beat

|About: Regions Financial Corpor... (RF)|By:, SA News Editor

The headline was a three cent beat, but Evercore ISI's John Pancari takes note of net interest margin - which compressed more than hoped - a 2.6% Q/Q rise in expenses (when he was expecting a 3% decline), and the operating efficiency ratio coming in at a perky 65.4% vs. 62.9% expected.

Regions (NYSE:RF) is about the only bank in the red today, but barely so with a decline of 0.3%.

Previously: Regions Financial beats by $0.03, beats on revenue (Oct. 18)