Regions Financial to report earnings with revenue growth expected to slow

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Regions Financial is set to announce earnings results tomorrow morning. The regional bank missed revenue expectations last quarter, reporting $1.89 billion, up 3.6% year on year, with misses on tangible book value per share and net interest income. For this quarter, analysts expect revenue growth of 1.5% year on year, a slowdown from the 6.9% increase in the same quarter last year. Among regional bank peers, M&T Bank reported 5.5% revenue growth, beating estimates by 2.5%, while Citizens Financial Group posted 12.1% growth, topping estimates by 1.6%. Regions Financial shares are up 7.4% over the last month, heading into earnings with an average analyst price target of $31.82 against a current price of $30.78.

Impact on stocks 3

Financials · 3 stocks
Regions Financial Corporation
RF
± MixedCapitalrelevance

Regions Financial is the subject of the article, reporting earnings with expected revenue growth slowdown and prior misses.

Citizens Financial Group, Inc.
CFG
▲ PositiveCapitalrelevance

Citizens Financial Group posted 12.1% revenue growth, topping estimates by 1.6%, mentioned as a peer comparison.

M&T Bank Corporation
MTB
▲ PositiveCapitalrelevance

M&T Bank reported 5.5% revenue growth, beating estimates by 2.5%, mentioned as a peer comparison.