Regions Financial Corporation (NYSE:RF) banking and services provider, is expected to report second quarter earnings results, before market open, on Friday 17th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.06 per share.
Looking ahead, the full year income are expected at $ 0.67 per share on the revenues of $ 5884.57 million.
Previous Quarter Performance
Regions Financial Corporation unwinded income for the first quarter of $ 0.15 per share, from the revenue of $ 1.41 million. The quarterly earnings reduced 59.46 percent while revenues fell 99.90 percent compared with the same quarter last year.
According to street consensus, RF was expected to report 1Q20 income of $ 0.23 per share from revenue of $ 1459.61 million. The bottom line results missed street analysts by $ 0.08 or 34.78 percent, at the same time, top line results fell short of analysts by $ 1 million or 99.9 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of RF was $ 10.80, representing a 55.62 % increase from the 52 week low of $ 6.94 and a 38.43 % decrease over the 52 week high of $ 17.54.
The company has a market capital of $ 10.36 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 10th July 2020, maintained by Bank of America at Neutral rating, with $ 13.00 target price.
On 17th June 2020, upgraded by Raymond James to Outperform from Market Perform rating.
Recent Stock Dividend Announcement
On April 22, 2020, the board of directors authorized quarterly dividend of $ 0.155 per share to holders of record as of the close of business on June 5, 2020, with payment date of July 1, 2020 and ex-dividend date on June 4, 2020.
Conference Call
Regions Financial Corporation will be hosting a conference call at 11:00 AM eastern time on 17th July 2020, to discuss its 2Q20 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.
