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RF

Regions Financial

$10.01

-0.04 (-0.40%)

06:29
10/18/16
10/18
06:29
10/18/16
06:29

Regions Financial sees 'modest' improvement in net interest income in Q4

Says plans to increase $300M expense elimination by $100M through 2019, totaling 11.5% of adjusted expenses. Says will accelerate savings where possible. Says continues to exercise caution and remain focused on prudent and quality loan growth with an emphasis on diversification and appropriate risk-adjusted returns. Given the recent moves to modestly higher long-term rates, expects $4M-$6M of improvement in premium amortization during the Q4. Excluding impact of the leveraged lease adjustment, expects modest improvement in net interest income and other financing income in Q4 and for margin to be relatively stable. Says "focused on what we can control in an uncertain environment." For 2016, expects "relatively stable" average loan growth and average deposits. Sees 2016 NII and other financing income up 2%-4% and adjusted non-interest income growth of over 6%. Sees 2016 adjusted expenses flat to up modestly, efficiency ratio about 63%, adjusted operating leverage of 2%-4% and net charge-offs of 25-35bps. Comments from slides that will be presented on the Q3 earnings conference call.

  • 04

    Nov

RF Regions Financial
$10.01

-0.04 (-0.40%)

10/06/16
RAJA
10/06/16
DOWNGRADE
RAJA
Outperform
Regions Financial downgraded to Outperform from Strong Buy at Raymond James
Raymond James analyst David Long downgraded Regions Financial to Outperform due to strong share performance and maintained its $10.50 price target.
10/06/16
WEDB
10/06/16
INITIATION
WEDB
Outperform
Citizens Financial initiated with an Outperform at Wedbush
Wedbush analyst Peter Winter initiated coverage of 14 regional and Texas banks, starting Citizens Financial (CFG) with an Outperform rating. The other three banks on which Winter assigned an Outperform rating are KeyCorp (KEY), Huntington Bancshares (HBAN) and Regions Financial (RF).
10/06/16
WEDB
10/06/16
INITIATION
Target $12
WEDB
Outperform
Regions Financial initiated with an Outperform at Wedbush
Wedbush analyst Peter Winter initiated Regions Finacial with an Outperform and a $12 price target.
10/11/16
10/11/16
DOWNGRADE
Target $10.5

Market Perform
Regions Financial downgraded to Market Perform from Outperform at FBR Capital
FBR Capital analyst Steve Moss downgraded Regions Financial to Market Perform after assuming coverage of the name from Paul Miller. He has a $10.50 price target for the shares. The analyst cites slower loan growth for his more conservative revenue outlook relative to consensus.

TODAY'S FREE FLY STORIES

FHN

First Horizon

$20.21

-0.09 (-0.44%)

06:34
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Earnings
First Horizon reports Q4 EPS (20c) may not compare with consensus 30c »

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  • 19

    Jan

AZN

AstraZeneca

$35.07

-0.01 (-0.03%)

06:34
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    Apr

WIT

Wipro

$5.77

-0.11 (-1.87%)

06:33
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Earnings
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WIT

Wipro

$5.77

-0.11 (-1.87%)

06:33
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Earnings
Wipro reports Q3 revenue $2.1B, consensus $2.1B »

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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:33
01/19/18
01/19
06:33
01/19/18
06:33
Hot Stocks
Breaking Hot Stocks news story on Citizens Financial »

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  • 19

    Jan

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    Apr

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    Oct

JAPAF

Japan Tobacco

$32.91

-0.29 (-0.87%)

06:33
01/19/18
01/19
06:33
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06:33
Upgrade
Japan Tobacco rating change  »

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CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:32
01/19/18
01/19
06:32
01/19/18
06:32
Hot Stocks
Citizens Financial raises quarterly dividend 22% to 22c per share »

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  • 19

    Jan

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    Oct

PM

Philip Morris

$105.07

-0.72 (-0.68%)

, MO

Altria Group

$70.03

-0.12 (-0.17%)

06:31
01/19/18
01/19
06:31
01/19/18
06:31
Upgrade
Philip Morris, Altria Group, British American Tobacco rating change  »

Philip Morris upgraded to…

PM

Philip Morris

$105.07

-0.72 (-0.68%)

MO

Altria Group

$70.03

-0.12 (-0.17%)

BTI

British American Tobacco

$68.56

-0.82 (-1.18%)

03/08/13
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  • 24

    Jan

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    Jan

  • 01

    Feb

CFG

Citizens Financial

$45.76

-0.08 (-0.17%)

06:31
01/19/18
01/19
06:31
01/19/18
06:31
Earnings
Citizens Financial reports Q4 EPS $1.35 with items, consensus 67c »

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  • 19

    Jan

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    Apr

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    Jul

  • 19

    Oct

SYF

Synchrony

$37.30

-0.76 (-2.00%)

06:30
01/19/18
01/19
06:30
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06:30
Earnings
Breaking Earnings news story on Synchrony »

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  • 19

    Jan

MO

Altria Group

$70.03

-0.12 (-0.17%)

06:30
01/19/18
01/19
06:30
01/19/18
06:30
Upgrade
Altria Group rating change  »

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  • 24

    Jan

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    Jan

  • 01

    Feb

JBHT

J.B. Hunt

$121.45

0.8 (0.66%)

06:28
01/19/18
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06:28
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06:28
Recommendations
J.B. Hunt analyst commentary  »

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EADSY

Airbus

$27.68

0.175 (0.64%)

06:25
01/19/18
01/19
06:25
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06:25
Periodicals
Emirates A380 order enables Airbus to maintain minimum production, Reuters says »

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UAL

United Continental

$76.30

-0.28 (-0.37%)

, DAL

Delta Air Lines

$59.45

-0.27 (-0.45%)

06:23
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Periodicals
United to offer premium economy on international flights, CNBC reports »

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UAL

United Continental

$76.30

-0.28 (-0.37%)

DAL

Delta Air Lines

$59.45

-0.27 (-0.45%)

AAL

American Airlines

$58.34

0.18 (0.31%)

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  • 23

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    Mar

LQ

La Quinta

$20.18

0.73 (3.75%)

, WYN

Wyndham

$122.73

5.6 (4.78%)

06:22
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Recommendations
La Quinta, Wyndham analyst commentary  »

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LQ

La Quinta

$20.18

0.73 (3.75%)

WYN

Wyndham

$122.73

5.6 (4.78%)

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  • 14

    Feb

GE

General Electric

$16.77

-0.58 (-3.34%)

06:19
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Recommendations
General Electric analyst commentary  »

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  • 24

    Jan

GOOG

Alphabet

$1,129.79

-2.19 (-0.19%)

, GOOGL

Alphabet Class A

$1,135.97

-3.13 (-0.27%)

06:19
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Periodicals
Google, Tencent sign patent licensing agreement, Bloomberg reports »

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GOOG

Alphabet

$1,129.79

-2.19 (-0.19%)

GOOGL

Alphabet Class A

$1,135.97

-3.13 (-0.27%)

TCEHY

Tencent

$57.42

-0.505 (-0.87%)

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  • 23

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    Mar

BX

Blackstone

$34.91

-0.05 (-0.14%)

06:19
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Blackstone hires Joe Zidle to succeed Byron Wien, WSJ reports »

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  • 01

    Feb

WNS

WNS Holdings

$45.28

2.31 (5.38%)

06:17
01/19/18
01/19
06:17
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06:17
Recommendations
WNS Holdings analyst commentary  »

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SOGO

Sogou

$11.47

-0.28 (-2.38%)

06:16
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Hot Stocks
Sogou appoints Joe Zhou as CFO »

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  • 29

    Jan

RXN

Rexnord

$27.56

-0.07 (-0.25%)

06:15
01/19/18
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06:15
Initiation
Rexnord initiated  »

Rexnord resumed with a…

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  • 01

    Feb

  • 22

    Feb

TRS

TriMas

$26.78

-0.175 (-0.65%)

06:13
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06:13
Initiation
TriMas initiated  »

TriMas resumed with a…

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CGNX

Cognex

$68.27

-0.12 (-0.18%)

06:12
01/19/18
01/19
06:12
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06:12
Initiation
Cognex initiated  »

Cognex resumed with a Buy…

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  • 15

    Feb

UN

Unilever; also tag UL

$56.76

0.24 (0.42%)

, UL

Unilever; also tag UN

$55.87

0.14 (0.25%)

06:11
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06:11
Periodicals
Unilever recently decided against $2B purchase of Halo Top, NY Post reports »

Unilever recently backed…

UN

Unilever; also tag UL

$56.76

0.24 (0.42%)

UL

Unilever; also tag UN

$55.87

0.14 (0.25%)

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  • 25

    Jan

  • 16

    Feb

AXP

American Express

$99.86

-0.9 (-0.89%)

06:10
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01/19
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06:10
Recommendations
American Express analyst commentary  »

Piper expects modest…

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