Regions Financial Corporation (NYSE:RF) banking and services provider, is reporting third quarter earnings results on Tuesday 20th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.33 per share.
For the full year, analysts predict revenues of $ 5954.60 million, while looking forward to income of $ 0.55 per share.
Previous Quarter Performance
Regions Financial Corporation posted loss for the second quarter of $ 0.23 per share, from the revenue of $ 1,544.00 million. The quarterly revenues up 7.52 percent compared with the same quarter last year. According to street consensus, RF was expected to report 2Q20 income of $ 0.06 per share from revenue of $ 1467.26 million. The bottom line results missed street analysts by $ 0.29 or 483.33 percent, at the same time, top line results outshined analysts by $ 76.74 million or 5.23 percent.
Stock Performance
Shares of Regions Financial Corporation traded low $ -0.13 or -1.04 percent on Monday, reaching $ 12.34 with volume of 6.41 million shares. Regions Financial Corporation has traded high as $ 12.64 and has cracked $ 12.32 on the downward trend
According to the previous trading day, closing price of $ 12.34, representing a 79.68 % increase from the 52 week low of $ 6.94 and a 28.91 % decrease over the 52 week high of $ 17.54.
The company has a market capital of $ 11.85 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 13.00 target price.
Conference Call
Regions Financial Corporation will be hosting a conference call at 11:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.regions.com
Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers in the United States. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing services; corresponding deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.
