RF
Regions Financial CorporationNYSE
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  • Thu, Dec. 1, 7:29 AM
    • All four are valuation calls after major runs higher since the election, and analyst Jack Micenko says optimism about higher rates, boosted economic growth, reduced regulation taxes is priced in.
    • Regions Financial (NYSE:RF) is up 24% since Nov. 9, Zions (NASDAQ:ZION23%, Wells Fargo (NYSE:WFC16%, and U.S. Bancorp (NYSE:USB10%.
    • Source: TheFly
    | Thu, Dec. 1, 7:29 AM | 5 Comments
  • Wed, Nov. 30, 11:45 AM
    • While the pick of ex-Goldmanite and Hollywood player Steven Mnuchin for Treasury Secretary can hardly be called "draining the swamp," Pantheon's Ian Shepherdson says it should make Wall Street happy.
    • In his first public comments after being selected, Mnuchin promised to "kill" swaths of Dodd-Frank.
    • Also making Wall Street (and other bankers/insurers/brokers) happy today is another big move higher in interest rates, with the 10-year Treasury yield up 10 basis points to 2.394%.
    • The S&P 500 is just marginally higher, but the KBE is ahead 1.9%, and the KRE 2%. XLF +1.35%
    • Bank of America (BAC +3.4%), Citigroup (C +1.9%), JPMorgan (JPM +1.5%), Wells Fargo (WFC +1.8%), Morgan Stanley (MS +2.1%), Goldman Sachs (GS +3.9%), U.S. Bancorp (USB +1%), PNC Financial (PNC +1.4%), KeyCorp (KEY +2.2%), Fifth Third (FITB +2.5%), Regions Financial (RF +2.9%), BB&T (BBT +2.4%), SunTrust (STI +2%)
    • MetLife (MET +2%), AIG (AIG +0.8%), Lincoln National (LNC +1.7%), Prudential (PRU +1.1%), Hartford (HIG +1.3%)
    • ETFs: XLF, FAS, FAZ, UYG, VFH, IYF, BTO, IYG, FNCL, SEF, FXO, RYF, FINU, RWW, XLFS, FINZ, JHMF, FAZZ, FNCF
    | Wed, Nov. 30, 11:45 AM | 54 Comments
  • Thu, Nov. 17, 12:14 PM
    • Upside movers on 3x their normal volume today:
    • Brown & Brown (BRO +2.9%)
    • LPL Financial (LPLA +3%)
    • New Residential (NRZ +0.6%)
    • Regions Financial (RF +1.9%)
    • To the downside on 3x normal volume:
    • Sterling Bancorp (STL -2.3%)
    • Shinhan Financial Group (SHG -0.9%)
    | Thu, Nov. 17, 12:14 PM
  • Wed, Nov. 16, 7:17 AM
    • The SPDR KBW Bank ETF (NYSEARCA:KBE) is now up 18.9% YTD - this after a miserable start to 2016. Since February 11, the fund is higher by 46%. Since July 1, it's up 32%, and since the election 15%.
    • With bullish price targets being hit and surpassed across the sector, the downgrades are pouring in.
    • Among them, U.S. Bancorp sees its 2nd downgrade in two days. Others: Fifth Third (NASDAQ:FITB), First Republic (NYSE:FRC), Citizens Financial (NYSE:CFG), Capital One (NYSE:COF), Zions Bancorp (NASDAQ:ZION), KeyCorp (NYSE:KEY), Webster Financial (NYSE:WBS), NBT Bancorp (NASDAQ:NBTB), Sterling Bancorp (NYSE:STL), First Connecticut (NASDAQ:FBNK), Regions Financial (NYSE:RF)
    | Wed, Nov. 16, 7:17 AM | 2 Comments
  • Mon, Nov. 14, 3:47 PM
    • Unsurprisingly given their run of late, financials dominate the list:
    • Bank of America (BAC +5%)
    • Citigroup (C +1.5%)
    • Citizens Financial (CFG +3.1%)
    • Discover (DFS +3.1%)
    • First Republic (FRC +2.5%)
    • Goldman Sachs (GS +2.2%)
    • Humana (HUM +3%)
    • Manulife (MFC +2.9%)
    • Northern Trust (NTRS +3%)
    • PNC Financial (PNC +1.7%)
    • Regions Financial (RF +6.5%)
    • Schwab (SCHW +1.6%)
    | Mon, Nov. 14, 3:47 PM | 9 Comments
  • Mon, Nov. 14, 11:33 AM
    • The major averages are stuck in the red, but the XLF is up 2.2% and the KBE +3% as financial sector investors mull a world of higher interest rates and lowered regulation.
    • REITs continue to fall, but thanks to this fall's sector reclassification, those names are no longer in the financial indexes.
    • Regional banks: Regions Financial (RF +6.9%), New York Community (NYCB +2.9%), KeyCorp (KEY +3.1%), PNC Financial (PNC +2.4%), Fifth Third (FITB +4%), SunTrust (STI +3%), M&T (MTB +3.1%)
    • Insurers: MetLife (MET +2.2%), Lincoln (LNC +3.2%), AIG (AIG +2.1%), Hartford (HIG +2.3%), Travelers (TRV +1.4%)
    • Online brokerage: Schwab (SCHW +3.6%), Ameritrade (AMTD +2.5%)
    • Asset management: Franklin Resources (BEN +3.2%), Och-Ziff (OZM +4.5%), Invesco (IVZ +2.2%), T. Rowe Price (TROW +2.8%), BlackRock (BLK +0.4%)
    | Mon, Nov. 14, 11:33 AM | 8 Comments
  • Thu, Nov. 10, 11:03 AM
    • For now, the 10-year Treasury yield is holding onto the huge gain in posted yesterday, up two basis points today to 2.086%. TLT -0.4%, TBT +0.8%. Fed Funds futures have priced in about a 100% chance of a December rate hike.
    • The yield curve has shifted both higher and steeper - pure manna for the companies that borrow short and lend long. There's also a new sheriff coming to town, and bank investors are no doubt mulling an eased regulatory regime. KBE +2.45%, KBE +2.4%
    • Bank of America (BAC +3.5%), Wells Fargo (WFC +4.5%), JPMorgan (JPM +3.1%). Underperformers among the TBTF players: Citigroup (C +1.1%), Goldman (GS +1.1%)
    • Regional banks: Regions (RF +4.2%), PNC Financial (PNC +3.3%), Fifth Third (FITB +1.7%). Online brokers: E*Trade (ETFC +2.9%), Schwab (SCHW +2.8%), Ameritrade (AMTD +2.6%), Interactive Brokers (IBKR +2.7%)
    | Thu, Nov. 10, 11:03 AM | 83 Comments
  • Tue, Nov. 8, 9:38 AM
    • The major averages are down just marginally, but the banks (KBE -1.3%), (KRE -1.1%) are sporting sizable early losses as the sell-side cashes in some chips after a big run higher for the sector.
    • Valuations are full, higher interest rates have been baked in, and an uncertain election outcome are the common themes to the downgrades, which include earlier-reported cuts by Citigroup for Goldman, KeyCorp and Citizens Financial, and a downgrade to Regions Financial (RF -1.7%) by Sandler O'Neill.
    • ETFs: XLF, FAS, FAZ, KRE, UYG, VFH, KBE, IYF, BTO, IAT, IYG, FNCL, SEF, FXO, KBWB, QABA, KBWR, RYF, FINU, KRU, RWW, XLFS, FINZ, KRS, JHMF, WDRW, DPST, FAZZ, FNCF, FTXO
    | Tue, Nov. 8, 9:38 AM | 3 Comments
  • Tue, Nov. 1, 9:42 AM
    • The bank has received a non-objection from the Fed for a boost to its share repurchase authorization to $760M from $640M. The authorization expires on June 30 of next year.
    • RF +1.25%
    | Tue, Nov. 1, 9:42 AM
  • Tue, Oct. 18, 11:55 AM
    • 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)
    | Tue, Oct. 18, 11:55 AM
  • Tue, Oct. 18, 6:01 AM
    • Regions Financial (NYSE:RF): Q3 EPS of $0.24 beats by $0.03.
    • Revenue of $1.4B (+5.3% Y/Y) beats by $20M.
    • Shares +0.1% PM.
    • Press Release
    | Tue, Oct. 18, 6:01 AM | 4 Comments
  • Mon, Oct. 17, 5:30 PM
    | Mon, Oct. 17, 5:30 PM | 4 Comments
  • Fri, Oct. 14, 9:42 AM
    • JPMorgan and Citigroup both easily topped estimates thanks to a big rebound in previously-in-the-doldrums markets revenue. JPM is higher by 1%, and Citi by 2%. The read-through is pushing Goldman Sachs (GS +3%), Morgan Stanley (MS +2.7%) and Bank of America (BAC +2.4%) all nicely higher.
    • Less capital-markets focused, Wells Fargo also beat forecasts, but not as soundly. As usual of late, it's lagging its TBTF peers, up just 0.3%.
    • XLF +1.2%, KRE +1.4%, KBE +1.5%.
    • Other individual names: Regions Financial (RF +2.5%), Huntington Bancshares (HBAN +2.1%), KeyCorp (KEY +1.9%), Fifth Third (FITB +1.5%), SunTrust (STI +1.3%), M&T (MTB +1.7%)
    | Fri, Oct. 14, 9:42 AM | 9 Comments
  • Thu, Oct. 13, 12:52 PM
    • Regions Financial (NYSE:RF) declares $0.065/share quarterly dividend, in line with previous.
    • Forward yield 2.63%
    • Payable Jan. 3; for shareholders of record Dec. 9; ex-div Dec. 7.
    | Thu, Oct. 13, 12:52 PM
  • Tue, Oct. 11, 8:07 AM
    • Huntington Bancshares (NASDAQ:HBAN), Comerica (NYSE:CMA), and Regions Financial (NYSE:RF) are among those downgraded from Outperform to Market Perform at FBR as Steve Moss takes over coverage from Paul Miller.
    • All have run higher in the area of 20% over the last three months.
    | Tue, Oct. 11, 8:07 AM | 3 Comments
  • Thu, Oct. 6, 7:19 AM
    • Regions (NYSE:RF) has had a 34.6% run higher over the last six months, nearly doubling the average advance of its regional bank peers.
    • Analyst David Long takes some chips off the table, downgrading from Strong Buy to Outperform.
    • The $10.50 price target is unchanged, and compares to yesterday's close of $10.31.
    | Thu, Oct. 6, 7:19 AM