Regions Financial Corporation (RF) - NYSE
  • Oct. 2, 2015, 9:08 AM
    | Oct. 2, 2015, 9:08 AM | 22 Comments
  • Sep. 17, 2015, 2:37 PM
    • It'll be at least a little while longer until banks and insurers get the higher rates they are hoping will boost sluggish profits, as the Fed holds its fire this month.
    • The "dots" however are still projecting at least one rate hike before year-end.
    • The SPDR KBW Regional Banking ETF (KRE -1.4%), and the SPDR KBW Bank ETF (KBE -1.2%).
    • BofA (BAC -1.7%), Wells Fargo (WFC -1.2%), Regions (RF -2%), KeyCorp (KEY -1.8%), BB&T (BBT -1.7%), Fifth Third (FITB -2.4%), MetLife (MET -2.2%), Prudential Financial (PRU -1.9%), Schwab (SCHW -2.2%), Ameritrade (AMTD -2%), E*&Trade (ETFC -1.2%).
    • ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, BTO, IAT, SEF, IYG, FXO, FNCL, KBWB, FINU, QABA, KRU, KBWR, RWW, RYF, PSCF, FINZ, KRS
    | Sep. 17, 2015, 2:37 PM | 16 Comments
  • Sep. 1, 2015, 2:47 PM
    • The dream of higher interest rates is looking a little fuzzier at the moment, as China leads markets lower again, and the Fed's Eric Rosengren suggests the conditions for a rate hike have still yet to be met. If Friday's payroll number disappoints - and there's at least some reason to expect that - a Sept. move looks off the table.
    • The Financial SPDR (NYSEARCA:XLE) is down 3% vs. the S&P 500's 2.3%.
    • Life insurers: MetLife (MET -3.7%), Prudential (PRU -3.9%), Lincoln National (LNC -4.2%)
    • Money-center banks: Citigroup (C -4.4%), JPMorgan (JPM -3.6%), Wells Fargo (WFC -3.8%)
    • Regional banks: U.S. Bancorp (USB -4.3%), Regions Financial (RF -4.1%), KeyCorp (KEY -4.3%), SunTrust (STI -4.2%), M&T Bank (MTB -4.2%)
    • Online brokerage: E*Trade (ETFC -4.8%), Schwab (SCHW -3.8%), Ameritrade (AMTD -3.4%)
    • ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, BTO, IAT, SEF, IYG, FXO, FNCL, KBWB, QABA, FINU, KBWR, KRU, RWW, RYF, FINZ, KRS
    | Sep. 1, 2015, 2:47 PM | 14 Comments
  • Aug. 31, 2015, 11:10 AM
    • Sell-side dip buyers rushed into Bank of America (BAC -0.9%) last week with five analyst upgrades. Notching three upgrades each were Abercrombie & Fitch (ANF +2.6%) and Regions Financial (RF -0.9%) - Regions also scored an upgrade to Strong Buy this morning from Raymond James.
    • KBW's Christopher Mutascio - who upgraded BofA to Outperform with $20 price target - had been waiting for a pullback to get aggressive. He's pleased some of the banking sector's momo investors - in because they were sure rates were headed higher - have vacated.
    • Also upgrading Bank of America: UBS to Buy, with $20 PT up from $18; Macquarie to Neutral; Baird to Buy with $18 PT; Bernstein to Outperform with $19 PT.
    • Source: StreetInsider
    | Aug. 31, 2015, 11:10 AM | 10 Comments
  • Aug. 28, 2015, 9:42 AM
    • Citigroup (C -0.7%) is among those upgraded to Buy from Neutral. The $60 price target is 13% above the current level. The team sees accelerating core loan growth next year, and says the risk to earnings from a severe economic downturn in Asia is contained (source: Dominic Chu).
    • Also upgraded to Buy are Huntington Bancshares (HBAN), U.S. Bancorp (USB -0.3%), and Regions Financial (RF -0.2%).
    | Aug. 28, 2015, 9:42 AM | 8 Comments
  • Aug. 25, 2015, 10:43 AM
    • Goldman Sachs analysts say the U.S. stock market correction has many more parallels with 1998 than 2008, which “suggest[s] a rebound ahead,” while predicting the S&P 500 will rise by 11% from current levels to reach 2,100 by year's end.
    • The S&P fell 19% between July and August 1998, but "ultimately, the U.S. economy was relatively unaffected by overseas financial market gyrations in 1998, and we believe a similar situation will occur in 2015," Goldman says.
    • The correlation between U.S. economic growth and Chinese growth is relatively low, Goldman says, estimating that a one percentage point drop in Chinese growth would translate into a 0.06 pp reduction in U.S. GDP.
    • The best strategy for U.S. consumers, the bank advises, is to hold companies with high domestic revenues and avoid companies with high foreign sales.
    • Goldman's list of the 25 most oversold stocks with high U.S. sales exposure: KMX, M, WFM, CHK, SWN, RRC, COG, PXD, OKE, MPC, NAVI, ETFC, LNC, BXP, KEY, RF, DFS, ANTM, CSX, NSC, UNP, JBHT, FSLR, ADS, PAYX
    | Aug. 25, 2015, 10:43 AM | 41 Comments
  • Jul. 21, 2015, 7:54 AM
    • Q2 income of $273M of $0.20 per share vs. $287M and $0.21 one year ago.
    • Ending loans of $80M up 5%, with production up 17%. Business lending balances up 6%, consumer lending balances up 3%.
    • Average deposit balances of $97B up 4%; low-cost deposits up 6%.
    • Net interest income of $820M about flat, with NIM down 8 basis points.
    • Noninterest income of $494M up 5% Y/Y on an adjusted basis. Service charges on deposits of $168M up 7%. Card and ATM fees of $90M up 5%. Wealth management revenue of $97M down 1%. Mortgage income of $46M up 6%.
    • Adjusted noninterest expense of $859M up 2.3%. Salaries and employee benefits of $477M up 4.1%.
    • CET 1 ratio of 11.2% slips down basis points for the quarter. Tangible book value per share of $8.37 slips $0.02. 17M shares repurchased during quarter for $172M.
    • Previously: Regions Financial EPS in-line, beats on revenue (July 21)
    • RF -0.75% premarket
    | Jul. 21, 2015, 7:54 AM | 4 Comments
  • Jul. 21, 2015, 6:01 AM
    • Regions Financial (NYSE:RF): Q2 EPS of $0.20 in-line.
    • Revenue of $1.41B (+8.5% Y/Y) beats by $100M.
    | Jul. 21, 2015, 6:01 AM
  • Jul. 20, 2015, 5:30 PM
    | Jul. 20, 2015, 5:30 PM | 2 Comments
  • Jul. 16, 2015, 2:18 PM
    • Regions Financial (NYSE:RF) declares $0.06/share quarterly dividend, in line with previous.
    • Forward yield 2.32%
    • Payable Oct. 1; for shareholders of record Sept. 11; ex-div Sept. 9.
    | Jul. 16, 2015, 2:18 PM
  • Jul. 6, 2015, 1:31 PM
    • It was a rough start to the year for the financial sector, but at about the mid-point of 2015, the XLF is ahead 9.7%, easily outpacing the S&P 500's 1.8% rise.
    • Calling U.S. Treasury yields "considerably more resilient" today than in 2012 thanks to the strength of the economy, Erika Najarian and team don't expect the Greek crisis to impact the 10-year yield or the timing of the first Fed rate hike.
    • The bottom line, says Najarian, is to expect continued rotation into the financial names, with solid loan performance in Q2 a catalyst on top of the improved interest rate picture.
    • Najarian and team are sticking with their Buy-list of rate-sensitive names: JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC), Comerica (NYSE:CMA), KeyCorp (NYSE:KEY), Regions Financial (NYSE:RF), SVB Financial (NASDAQ:SIVB), East West Bancorp (NASDAQ:EWBC), and Texas Capital Bancshares (NASDAQ:TCBI).
    • ETFs: XLF, FAS, FAZ, UYG, VFH, IYF, BTO, SEF, IYG, FXO, FNCL, FINU, RWW, RYF, FINZ
    | Jul. 6, 2015, 1:31 PM
  • Jul. 2, 2015, 9:48 AM
    • Raymond James downgrades Zions Bancorp (ZION -0.5%), Regions Financial (RF -0.3%), Bank of the Ozarks (OZRK -0.9%), and Everbank (EVER -1.3%) from Strong Buy to Outperform. As a group, the four have strongly outperformed the regional bank index over the last three months.
    • Downgraded to Market Perform from Outperform: Columbia Banking System (COLB -2%), Pinnacle Financial (PNFP -1.9%), and Wilshire Bancorp (WIBC -3.1%).
    | Jul. 2, 2015, 9:48 AM | 1 Comment
  • Jun. 22, 2015, 2:44 PM
    • Financials sunk along with Treasury yields last week, but are seeing a strong bounce today alongside a ten basis point gain in the 10-year yield to 2.36%.
    • The XLF is up 1.6% versus the S&P 500's 0.7% gain.
    • Helping U.S. equity markets is movement toward a Greek debt deal which sent Europe's Stoxx 50 hurtling 4% higher on the session. Yields tumbled in the periphery, but are sharply higher in Germany as well as the U.S.
    • Yield-sensitive Bank of America (BAC +1.8%) is leading the TBTF names higher. In regionals: PNC Financial (PCN -0.2%), KeyCorp (KEY +1.2%), Regions Financial (RF +1.4%), SunTrust (STI +1.3%), First Niagara (FNFG +1.2%).
    • Life insurers: MetLife (MET +2%), Prudential (PRU +1.6%), Lincoln FInancial (LNC +1.4%). Online brokers: E*Trade (ETFC +3.3%), Schwab (SCHW +2.2%), Ameritrade (AMTD +1.3%).
    • ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, BTO, KIE, IAT, SEF, IYG, IAK, FXO, FNCL, KBWB, QABA, FINU, KBWR, KRU, RWW, RYF, KBWP, KBWI, FINZ, KRS
    | Jun. 22, 2015, 2:44 PM | 13 Comments
  • Jun. 9, 2015, 2:45 PM
    • Yield-starved financial sector names were mercilessly punished to start 2015 as sharply falling interest rates in January again disappointed investors waiting for the return of some spread income.
    • The rout in bond prices since, alongside what now seems the near-certainty of the beginning of Fed rate hikes in as soon as three months has helped turn things around, and the sector - as measured by the Financial Select SPDR (NYSEARCA:XLF) - is now in the green for the year, and trails the S&P 500 by just about 150 basis points.
    • Among the notable movers today as the 10-year yield rises to another 2015 high: Bank of America (BAC +1.4%), Wells Fargo (WFC +1.2%), U.S. Bancorp (USB +1.4%), Regions Financial (RF +1.3%), Huntington Bancshares (HBAN +1.6%), KeyCorp (KEY +1.6%), PNC Financial (PNC +1.3%), M&T (MTB +1.1%), Bank of Hawaii (BOH +1.6%), First Horizon (FHN +1.2%), Lincoln National (LNC +1.1%), E*Trade (ETFC +0.9%)
    • ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, BTO, IAT, SEF, IYG, FXO, FNCL, KBWB, FINU, QABA, KRU, KBWR, RWW, RYF, PSCF, FINZ, KRS
    | Jun. 9, 2015, 2:45 PM | 16 Comments
  • Jun. 5, 2015, 10:27 AM
    | Jun. 5, 2015, 10:27 AM | 34 Comments
  • Jun. 2, 2015, 3:31 PM
    • The averages are flat to negative this session, but yield-starved financials are digging the big jump in interest rates - the 10-year Treasury yield is up nine basis points on the session to 2.27%, and 15 bps for the week.
    • Previously: Yields surge as European deflation fears abate (June 2)
    • The Regional Bank ETF (KRE +1.3%) and the Bank ETF (KBE +1.2%).
    • Individual names: Regions Financial (RF +1.6%), New York Community Bank (NYCB +1.3%), Huntington Bancshares (HBAN +1.3%), KeyCorp (KEY +1%), Fifth Third (FITB +1.3%). Thought of as perhaps the most asset-sensitive of the large lenders, Bank of America (BAC +1%) is leading the TBTFs higher.
    • Life insurers: MetLife (MET +1.2%), Prudential (PRU +1.5%), Lincoln Financial (LNC +0.9%), Primerica (PRI +1.2%).
    • ETFs: XLF, FAS, FAZ, UYG, KRE, VFH, KBE, IYF, BTO, KIE, IAT, SEF, IYG, IAK, FXO, FNCL, KBWB, QABA, FINU, KBWR, KRU, RWW, RYF, KBWP, KBWI, FINZ, KRS
    | Jun. 2, 2015, 3:31 PM | 10 Comments
Company Description
Regions Financial Corp. operates as a bank holding company for Regions Bank. The company through its bank provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds,... More
Sector: Financial
Industry: Regional - Southeast Banks
Country: United States