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Fly News Breaks for March 2, 2020
RF, FITB, FHN
Mar 2, 2020 | 08:51 EDT
As reported previously, Baird analyst David George upgraded Regions Financial (RF), Fifth Third (FITB), and First Horizon (FHN) to Outperform from Neutral based on the recent selloff on the coronavirus concerns. He does not believe the virus will result in permanent impairment to earnings power for banks.
News For RF;FITB;FHN From the Last 2 Days
RF
May 26, 2020 | 12:29 EDT
Regions Financial at the Deutsche Bank financial services conference raised its forecast for Q2 net interest income growth to 3.5%-4.5% from 2%-3%. The increased outlook reflects Paycheck Protection Program loan funding, Regions said during its presentation. The company added that its "confident" in its ability to keep the dividend at current levels. Shares of Regions Financial are up 8% to $10.77 in midday trading.