Regions Financial Corp. – Daily Frontline

Regions Financial draws downgrade to neutral from buy at JPMorgan

AdminOctober 27, 202302 mins

Regions Financial Corp.’s stock RF, -2.91% was down by 0.9% in premarket trading on Friday after JPMorgan Chase analyst Vivek Juneja downgraded the bank to neutral from overweight on the heels of third-quarter earnings and cut its target price to $16.50 from $19. JPMorgan also removed Regions Financial from its analyst focus list. “We don’t…

Regions Financial misses profit, revenue and net interest income expectations as deposits fall

AdminOctober 20, 202302 mins

Regions Financial Corp. on Friday reported third-quarter profit and revenue that missed expectations, as total loans increased but deposits fell and as the regional banking industry faced “economic and regulatory uncertainty.” Regions Financial’s RF, -0.36% third-quarter net income rose 15% to $465 million, or 49 cents a share, from $404 million, or 43 cents a…

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Seyyed Hafees Hashmi

Tag: Regions Financial Corp.

Regions Financial draws downgrade to neutral from buy at JPMorgan

Regions Financial misses profit, revenue and net interest income expectations as deposits fall