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Shares of Regions Financial Corporation (NYSE:RF) plunged 15% on Friday after reporting a weak quarter. This decline added to what has been a painful year for investors, as shares have suffered from the crisis that hit regional
Regions Financial: Funding Pressures Hit Q3 Results And Leave Shares Unattractive
Summary
- Regions Financial Corporation shares plunged 15% after reporting a weak third quarter, adding to a difficult year for investors in regional banks.
- The bank's net interest margin continues to be squeezed by funding costs, leading to a decline in net interest income.
- Deposit flows and competitive deposit rates are crucial factors to consider when investing in regional banks, and Regions is facing ongoing deposit loss, making shares unattractive.
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