Regions Financial Corp (NYSE: RF) has reported earnings for its fourth fiscal quarter (ending December 31) of $0.39 versus $0.71 for the same period a year ago — a decline of -45%. This result fell short of the consensus estimate of $0.48 by $-0.09. For the latest four quarters through December 31, E.P.S. were $2.11 compared to $2.29 a year ago — a decline of -8%.
Recent Price Action
Regions Financial Corp (NYSE: RF) stock enjoyed a large increase of 3.7% on 1/19/24. The stock closed at $18.62. Moreover, this advance was accompanied by above average trading volume at 146% of normal. The stock has performed in line with the market over the last nine months and has declined -1.6% 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 exceed the cost of capital.
Regions Financial has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Regions Financial has a neutral Power Rating of 52 but a good Appreciation Score of 80, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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