$RF

12 stories mentioning RFUpdated 13d ago

Every FINWIRES story that references RF, newest first.

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks fell in late Friday afternoon trading with the NYSE Financial Index declining 1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.9%.The Philadelphia Housing Index lost 2.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was little changed.Bitcoin (BTC-USD) rose 0.7% to $64,215, and the yield for 10-year US Treasuries shed 2.8 basis points to 4.541%.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for a gain to 51.0 in a survey compiled by Bloomberg.In corporate news, Jefferies Financial (JEF) evacuated its Manhattan offices after a fire broke out at the Papillon restaurant, prompting the bank to temporarily close its headquarters, Bloomberg reported. Jefferies shares fell 1.8%.Truist Financial's (TFC) Q2 earnings topped Wall Street estimates amid higher investment-banking, trading and wealth-management income, while the company tempered its full-year revenue-growth outlook. Truist shares fell 1.1%.Fifth Third Bancorp (FITB) reported a steeper-than-expected drop in Q2 profit, while Regions Financial's (RF) revenue fell short of Wall Street's estimates. Fifth Third shares fell 2.6%, and Regions dropped 2.3%.Travelers' (TRV) Q2 earnings unexpectedly increased, while the property and casualty insurer's written premiums came in ahead of market estimates. The shares jumped 9.2%.

$FITB$JEF$RF$TFC$TRV

Sectors13d ago

Sector Update: Financial Stocks Decline Friday Afternoon

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.6%.The Philadelphia Housing Index was falling 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.Bitcoin (BTC-USD) was decreasing 0.2% to $63,628, and the yield for 10-year US Treasuries was shedding 2.4 basis points to 4.545%.In economic news, the University of Michigan's preliminary consumer sentiment index rose to 54.4 in July from 49.5 in June, above expectations for a smaller gain to 51.0 in a survey compiled by Bloomberg.In regulatory news, the Securities and Exchange Commission has received more than 200,000 public comments on Chairman Paul Atkins' proposal to allow companies to report earnings twice a year rather than quarterly, The Wall Street Journal reported.In corporate news, Fifth Third Bancorp (FITB) on Friday reported a steeper-than-expected drop in Q2 profit year over year, while Regions Financial's (RF) revenue fell short of Wall Street's estimates. Fifth Third shares fell 2.3%, and Regions was down 1.9%.Travelers' (TRV) Q2 earnings unexpectedly increased year over year, while the property and casualty insurer's written premiums came in ahead of market estimates. Its shares jumped 8.1%.JPMorgan Chase (JPM) has been approached by more than 100 companies to explore the US lender's banking and payment services to set up corporate treasury operations at the Gujarat International Finance Tec-City, known as GIFT City, in India, Bloomberg reported. JPMorgan shares were up 0.1%.

$FITB$JPM$RF$TRV

Sectors13d ago

Sector Update: Financial

$FITB$RF

US Markets13d ago

Fifth Third Bancorp Posts Weaker-Than-Expected Quarterly Profit; Regions Financial Misses Revenue Views

Fifth Third Bancorp's (FITB) on Friday reported a steeper-than-expected drop in second-quarter profit year over year, while Regions Financial's (RF) revenue fell short of Wall Street's estimates.Fifth Third's per-share earnings for the June quarter declined to $0.83 from $0.88 a year earlier, weaker than the FactSet-polled consensus of $0.84. The quarter included a negative impact of $0.19 a share on the bottom line related to the company's acquisition of regional lender Comerica. Fifth Third said pre-tax merger-related charges boosted noninterest expense by $203 million."The Comerica integration remains on track," Chief Executive Tim Spence said in a statement. "Systems conversion is scheduled for Labor Day weekend (in September) and is the final step to unlocking the full run-rate of our expected cost synergies."Fifth Third's revenue for the quarter rose to $3.28 billion from $2.25 billion a year earlier, surpassing the Street's $3.24 billion estimate.Net interest income grew 48% year over year to $2.22 billion, boosted by the acquisition of Comerica. Noninterest income surged 41% to $1.06 billion.For this year, Fifth Third now anticipates net interest income to come in between $8.74 billion and $8.8 billion, according to an earnings presentation, with the bottom end adjusted higher from previous outlook of $8.7 billion issued in April. For the ongoing quarter, it expects the metric to be up 2% to 2.5%Separately, Regions Financial (RF) posted second-quarter adjusted EPS of $0.68, compared with $0.60 a year earlier and the FactSet-polled consensus of $0.63. Revenue held steady at $1.91 billion, falling short of the $1.94 billion expected by analysts."Overall, we're pleased with our performance for the second quarter, reflecting disciplined execution across the franchise and the benefits of investments we've made to position the company to deliver sound and profitable growth," CEO John Turner said during an earnings call, according to a FactSet transcript. "As we look across our footprint, we remain encouraged by the overall operating environment and economic activity is solid and despite ongoing uncertainty."Net interest income rose 1.4% year over year to $1.28 billion, and was up 2.3% from the prior three-month period. Noninterest income fell 2.5% to $630 million.For 2026, Regions Financial continues to anticipate net interest income growth of 2.5% to 4%, its earnings presentation showed.Shares of Fifth Third were down 2.4% intraday Friday, while Regions Financial fell 0.5%.Price: $57.53, Change: $-1.85, Percent Change: -3.11%

$FITB$RF

Wire13d ago

Cantor Fitzgerald Raises Price Target on Regions Financial to $34 From $32, Maintains Overweight Rating

Regions Financial (RF) has an average rating of hold and mean price target of $31.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $32.21, Change: $-0.19, Percent Change: -0.59%

$RF

US Markets13d ago

Stocks Fall Pre-Bell as Chip Sell-Off Continues

The benchmark US stock measures were pointing lower before the open Friday as a sell-off in semiconductor shares continued to weigh on market sentiment.The S&P 500 declined 0.9%, the Dow Jones Industrial Average was off 0.7% and the Nasdaq fell 1.8% in premarket activity. The indexes finished the previous trading session in the red.Shares of tech bellwether and chipmaking giant Nvidia (NVDA) decreased 2.5% pre-bell, while Micron Technology (MU) edged down 0.4% following a 5.7% drop at the close of Thursday. Advanced Micro Devices (AMD) fell 2.7%, while Intel (INTC) moved down 3.3%. SanDisk (SNDK) fell 1.3% before the bell after closing the previous session down 12.6%. Taiwan Semiconductor (TSM) slipped 3.3%.Streaming giant Netflix (NFLX) tanked 9.5% as it reported second-quarter revenue below Wall Street's estimates. Intuitive Surgical (ISRG) slumped 12% as growth of the company's da Vinci robotic surgery system in the US moderated amid changes in Affordable Care Act subsidies.SpaceX (SPCX) declined 2.7% after Chief Executive Elon Musk said in a social media post that a planned Starship test flight was aborted after some engines failed to start.The US Central Command said Thursday its forces completed the latest major wave of strikes against Iran. Tehran reportedly said Friday it expanded its attacks in the Middle East by targeting US military forces in Syria and Bahrain.West Texas Intermediate crude oil rose 2.2% to $80.68 a barrel before the opening bell, while Brent gained 1.9% to $85.84.Treasury yields were trending downwards in premarket action, with the two-year rate retreating 3.4 basis points to 4.12% and the 10-year rate falling 4.4 basis points to 4.53%.Friday's economic calendar has the housing starts and permits data for June at 8:30 am ET, along with the import and export prices report for the same month. The industrial production report for June is out at 9:15 am, followed by the preliminary University of Michigan's consumer sentiment report for July at 10 am.The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.US retail sales edged higher in June despite lower gasoline prices that drove a sharp decline in gas station receipts, official data showed Thursday.Travelers (TRV), Truist Financial (TFC), Fifth Third Bancorp (FITB), Regions Financial (RF) and Autoliv (ALV) are scheduled to release their latest financial results before the bell.Gold ticked up 0.2% to $4,001 per troy ounce, while bitcoin declined 1.8% to $63,024.

Dow JonesNasdaq CompositeS&P 500$ALV$AMD$FITB$INTC$ISRG$MU$NFLX$NVDA$RF$SPCX$TFC$TRV

US Markets17d ago

Bank Stocks 'An Island of Stability' as Financial Institutions Set to Release Earnings

Wall Street banks and smaller competitors remain attractive investment opportunities as financial institutions are set to report earnings this week, according to analysts at BofA Securities and KBW."Our conversations indicate a long bias toward bank stocks that have emerged as an island of stability in a financials sector where stocks have been rocked by fears due to (artificial intelligence) disruption risks, and the adoption of digital assets," Ebrahim Poonawala, head of North American banks research at BofA, said in a note to clients.Long-only investors and portfolio managers are looking for proof that earnings momentum will continue into 2027, he said. That would make the group a "reliable play" as investors move away from chip stocks, Poonawala said.Bank stocks so far this year have performed better than the broader market. The KBW Nasdaq Bank Index is up about 14% so far this year, compared with a 10% gain in the S&P 500 Index."While this has pushed relative multiples higher, relative valuations remain well-below long-term averages," KBW banking analyst Christopher McGratty said in a July 8 note to clients.Banking giants JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C) are expected to release quarterly results before markets open in the US on Tuesday. Morgan Stanley (MS) reports Wednesday, followed by US Bancorp (USB) on Thursday.BofA's Poonawala said a key question for bank profitability is how firms are performing on net interest income -- the difference between the money a bank generates from interest-bearing assets such as loans and securities and the interest it pays out to depositors and lenders."Investors appear increasingly willing to tolerate modest margin pressure if banks can deliver improving NII," he said. "The key debate is whether management teams can offset deposit competition with asset repricing, loan growth, fee growth and operating leverage."Poonawala's favorite names in the banking sector are Citi, Morgan Stanley, State Street (STT), PNC Financial Services (PNC), Huntington Bancshares (HBAN) and US Bancorp. He categorized M&T Bank (MTB), Regions Financial (RF) and Fifth Third Bancorp (FITB) as "crowded relative shorts," according to the note.Investors are looking for JPMorgan, the largest US bank by assets, to guide on net interest income and trends in capital markets, he said.If JPMorgan raises its NII guidance excluding markets and says there's no incremental increase in its expense outlook, it "could trigger sustained stock outperformance," Poonawala said.KBW said it is sticking with its view that so-called universal banks -- Wells Fargo, Citi, Morgan Stanley, Bank of America, JPMorgan and Goldman Sachs -- will continue to benefit from "multi-year structural tailwinds for capital markets and capital return."Stocks that KBW recommends investors hold overweight positions in include Morgan Stanley, PNC, Popular (BPOP), Flagstar Bank (FLG) and Hancock Whitney (HWC).KBW no longer expects the Federal Reserve to cut interest rates this year and believes the year will end with a Fed funds rate of 3.75%. The yield on the 10-year Treasury bond is expected to be 4.4% through the end of 2027, up from a previous estimate of 4.2%, KBW said. Gross-domestic product growth should come in at 2.1% this year and 2% next year, with unemployment between 4.3% and 4.5%, KBW predicted."A higher-for-longer interest rate outlook is firmly entrenched in market expectations," McGratty said in his research note.Another buoyant factor for banks was IPO volumes and mergers and acquisitions, he said."Investment banking results for (the second quarter) are expected to be strong with pockets of M&A advisory fees expected to aid top-line results, though equity underwriting is expected to be the story of (the quarter), with the bulge brackets set to benefit the most following elevated issuance from mega-deals pricing during the quarter," McGratty said.Deals in the quarter included SpaceX's (SPCX) record IPO in June.Matthew Leising

$BAC$BPOP$C$FITB$GS$HBAN$HWC$JPM$MS$MTB$PNC$RF$SPCX$STT$USB$WFC

Wire101d ago

Regions Financial's Fundamentals Remain Robust, RBC Says

Regions Financial's (RF) fundamentals remain robust with Q1 earnings growth validating that the company is delivering on its growth roadmap, RBC Capital Markets said in a Friday research report.The company's return on tangible common equity growth momentum is likely to continue into 2026 and 2027, with the brokerage reiterating its EPS guidance of $2.60 and $2.85, respectively.Regions' active interest-rate risk management program is contributing to its profitability, and the company remains well-capitalized with a common equity tier 1 ratio of 10.7%, analysts wrote.Balance sheet strength during the quarter was driven by loan growth, led by utilities, manufacturing, and health care, while robust cost management drove improvement across most expense categories, according to the note.The brokerage reiterated its outperform rating on the stock and boosted its price target to $31 per share from $29.Price: $28.31, Change: $+0.18, Percent Change: +0.62%

$RF

Research104d ago

Research Alert: CFRA Keeps Buy Rating On Shares Of Regions Financial Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:After digesting Q1 2026 earnings, we increase our 12-month target by $1 to $37, 12.5x our 2027 EPS estimate, a premium to RF's five-year forward P/E average of 9.7x, given an improving regulatory environment and exciting growth prospects. We raise our 2026 EPS estimate by $0.02 to $2.67 and increase 2027's by $0.07 to $2.95. We were a bit disappointed by Q1 results, as both net interest income and noninterest income contracted. However, RF is a well-run bank that successfully reduced costs, delivering positive operating leverage despite the weakness. Credit quality showed encouraging signs, and the bank's ROTCE of 18.3% remains superior to peers, many of whom do not expect to reach this level for at least three years. Significant upside remains. RF's CET1 ratio of 10.7% is conservative, in our view, coming in well above pre-pandemic levels. With proposed Basel III changes expected to reduce risk-weighted assets by 10%, RF is well positioned to return capital to shareholders at an accelerated rate.

$RF

US Markets104d ago

Fifth Third Bancorp Posts Surprise First-Quarter Profit; Regions Financial Revenue Misses Views

Fifth Third Bancorp (FITB) reported a surprise first-quarter profit on Friday, while Regions Financial's (RF) revenue fell short of market estimates.Fifth Third posted net income of $0.15 a share for the March quarter, down from $0.71 the year before, but defied the consensus on FactSet for a per-share loss of $0.10. The result included a negative impact of $0.68 a share on the bottom line related to the company's acquisition of regional lender Comerica."We closed the acquisition of Comerica on Feb. 1, and early financial benefits are already showing up, including strong net interest margin expansion and tangible book value per share growth," Chief Executive Tim Spence said in a statement. "We are also seeing early revenue synergies across both commercial and consumer businesses."Adjusted revenue rose to $2.86 billion from $2.16 billion in the prior-year quarter, just ahead of the Street's view for $2.85 billion. The stock was up 0.7% in the most recent premarket activity.On a fully taxable-equivalent basis, net interest income jumped 34% to $1.94 billion, buoyed by the addition of Comerica earning assets and lower funding costs, according to the lender. Noninterest income climbed 29% to $895 million.For 2026, the bank now anticipates net interest income to come in between $8.7 billion and $8.8 billion, according to an earnings presentation, reflecting a higher bottom end versus its previous outlook of $8.6 billion issued in January. For the ongoing quarter, it expects the metric to be at $2.2 billion to $2.25 billion.Separately, Regions Financial's adjusted EPS increased to $0.62 for the first quarter from $0.54 a year earlier, topping the average analyst estimate on FactSet of $0.60. Adjusted revenue improved 3.5% to $1.87 billion, but missed the Street's forecast of $1.91 billion. Regions' stock slipped 0.2% before the opening bell."Our results reflect the strength of our franchise, the continued momentum of our markets, and our consistent focus on solid execution amid an evolving macroeconomic backdrop," CEO John Turner said. "Growth in loans and deposits accelerated during the first quarter, credit metrics continued to improve, and client sentiment remained generally optimistic across our footprint."Net interest income came in at $1.26 billion on a taxable-equivalent basis, up from $1.21 billion in the 2025 quarter, but was down 2.6% from the previous three-month period. Noninterest income inclined 5.9% to $625 million.The lender continues to project net interest income to grow by 2.5% to 4% for the current full year, it said in an earnings presentation. The metric is expected to increase by about 2% sequentially in the second quarter.

$FITB$RF

US Markets104d ago

Stocks Rise Pre-Bell as President Trump Signals Optimism on Iran Deal Prospects

The benchmark US stock measures were pointing higher before the open Friday after President Donald Trump reportedly expressed optimism over prospects for a peace deal with Iran.The S&P 500 and the Nasdaq rose 0.2% each in premarket activity, while the Dow Jones Industrial Average added 0.4%. The indexes finished Thursday in the green, with the Nasdaq extending its winning streak to a 12th consecutive session."It's looking very good that we're going to make a deal with Iran, and it's going to be a good deal," Trump told reporters at the White House on Thursday, according to Bloomberg News. Talks between the US and Iran could resume on the weekend, Trump said.Treasury yields were down before the opening bell, with the two-year rate retreating 1.3 basis points to 3.77% and the 10-year rate off 1.4 basis points to 4.3%.On Thursday, Trump announced on social media that Lebanese President Joseph Aoun and Israeli Prime Minister Benjamin Netanyahu agreed to formally begin a 10-day ceasefire. The ceasefire seeks to pause hostilities between Israel and Iran-backed Hezbollah in Lebanon, a key sticking point in peace negotiations between Washington and Tehran.West Texas Intermediate crude oil dropped 4.1% to $90.82 a barrel in premarket action, while Brent fell 4% to $87.54.Shares of Netflix (NFLX) slumped 9.8% pre-bell after the streaming giant's second-quarter outlook fell short of Wall Street's estimates. Advanced Micro Devices (AMD) edged down 0.4% after closing the previous trading session up 7.8%, while GE Aerospace (GE) rebounded 0.4% following a nearly 5% drop on Thursday.Truist Financial (TFC), Fifth Third Bancorp (FITB), State Street (STT), Regions Financial (RF), Ally Financial (ALLY) and Autoliv (ALV) report their latest financial results before the bell.Federal Reserve Bank of San Francisco President Mary Daly is scheduled to speak at 11:30 am ET, while Richmond Fed President Thomas Barkin speaks at 12:15 pm. Federal Reserve Governor Christopher Waller is slated to speak at 2 pm.Friday's thin economic calendar has the weekly Baker Hughes oil-and-gas rig count at 1 pm.Gold nudged 0.1% higher to $4,814 per troy ounce, while bitcoin slipped 0.1% to $75,132.

Dow JonesNasdaq CompositeS&P 500$ALLY$ALV$AMD$FITB$GE$NFLX$RF$STT$TFC

Research104d ago

Research Alert: Rf: Q1 Earnings Beat But Top-line Growth Disappoints

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:RF posted mixed Q1 2026 results with operating EPS of $0.62 vs. $0.54 in the prior year, beating consensus by $0.03. Revenue of $1.87B missed consensus by 2%, declining 3% sequentially but rising 5% annually. Credit quality showed meaningful improvements with net charge-offs decreasing to 0.54% of average loans and the provision declining 21% to $91M, while NPLs declined to 0.71%, and balance sheet growth accelerated with loans increasing 2.4% to $97.9B. Management maintained both 2026 net interest income guidance of +2.5%-4% and fee income guidance of +3%-5% despite NII headwinds this quarter. We view the loan growth acceleration positively, driven by broad-based C&I lending with two-thirds consisting of investment grade credits and higher line utilization. RF's deposit base remains a competitive advantage with peer-leading cost of funds at 1.72% on interest-bearing deposits, supporting a top-quartile NIM of 3.67% despite 3 bps of quarterly compression from tighter asset spreads.

$RF

Track with the FINWIRES app suite

FolioX

Track RF in your portfolio

WheelAI

Analyze RF options with the wheel strategy

StockInsider

See market sentiment on RF