Regions Financial (RF) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
RF hits a new 52-week high of $27.32, driven by optimism surrounding the Fed rate cuts and rising loan balance.
Does Regions Financial (RF) have what it takes to be a top stock pick for momentum investors? Let's find out.
Regions Financial Corporation (NYSE:RF ) Q3 2024 Earnings Conference Call October 18, 2024 10:00 AM ET Company Participants Dana Nolan - Executive Vice President, Investor Relations John Turner - Chairman, President and Chief Executive Officer David Turner - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Scott Siefers - Piper Sandler John Pancari - Evercore Ebrahim Poonawala - Bank of America Erika Najarian - UBS Matt O'Connor - Deutsche Bank Betsy Graseck - Morgan Stanley Operator Good morning and welcome to the Regions Financial Corporation's Quarterly Earnings Call. My name is Christine and I'll be your operator for today's call.
Although the revenue and EPS for Regions Financial (RF) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
RF's third-quarter 2024 results reflect an increase in non-interest income and lower expenses. A decline in NII acts as a spoilsport.
Regions Financial (RF) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.49 per share a year ago.
Does Regions Financial (RF) have what it takes to be a top stock pick for momentum investors? Let's find out.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Regions Financial (RF), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
An increase in fee income and an improving lending scenario are likely to have aided RF's third-quarter performance.
Regions Financial (RF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Regions Financial has a proven dividend growth and dividend stability, with strong liquidity and cash to support its sustainability. The bank exceeds minimum regulatory capital requirements, and has solid liquidity. Regions showed potential to grow in non-interest segments like fees from wealth clients and mortgages.