For its second fiscal quarter (ending June 30), Regions Financial Corp (NYSE: RF) has reported a -12% decline in E.P.S. from $0.59 a year ago to $0.52 in the current quarter. However, this performance was $0.03 better than the consensus estimate of $0.49. For the latest four quarters through June 30, E.P.S. were $1.77 versus $2.36 for the same period a year ago — a decline of -25%.
Recent Price Action
Regions Financial Corp (NYSE: RF) stock was unchanged 0.0% on 7/19/24. The shares closed at $22.09. Moreover, this flat performance was accompanied by exceptionally high trading volume at 245% of normal. The stock has been strong relative to the market over the last nine months and has risen 6.7% during the last week.
Current PriceTarget Research Rating
RF is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Regions Financial has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Regions Financial has a good Power Rating of 77 and a good Appreciation Score of 81, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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