Regional – Southeast Banks
(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook
On Friday, Standard & Poor’s Ratings Services (S&P) lifted its outlook on Regions Financial Corp. (RF) and its subsidiary Regions Bank to ‘Stable’ from ‘Negative.’ The rating agency is impressed by Regions’ improved loan performance. The revision to Stable...
9Aug2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial-FIA Credit Card Services Deal Closes
Birmingham-based Regions Bank, a unit of Regions Financial Corp. (RF) has completed the purchase of the credit card portfolio of $1 billion from FIA Card Services, a subsidiary of Bank of America Corporation (BAC), effective June 30, 2011. The terms of the deal were not disclosed. Last...
7Jul2011 | vitalstocks | 0 comments | Continued(RF) Regions Teams with Western Union
Yesterday, Regions Bank, a subsidiary of Regions Financial Corp. (RF) entered into an agreement with Western Union Co. (WU), a leader in global payment services, to enhance services offered to its customers. Under the terms of the deal, Regions will provide Western Union global...
29Jun2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial Restructures Three Units
Yesterday, Regions Financial Corp. (RF) announced the merger of its three units into a single wealth management group. The company reorganized its businesses following the plan of selling off its scandal-hit brokerage unit Morgan Keegan. Alabama-based Regions pooled its trust,...
26Jun2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial Settles Mortgage Fraud
According to a regulatory filingfrom the Securities and Exchange Commission (SEC), Regions Financial Corp.’s (RF) subsidiaries Morgan Keegan & Co. and Morgan Asset Management has agreed to pay $200 million to settle down fraud charges related to subprime mortgage-backed...
23Jun2011 | vitalstocks | 0 comments | Continued(FHN) First Horizon National Analyst Downgrades to Underperform
We have downgraded our recommendation on First Horizon National Corp. (FHN) to Underperform from Neutral as the company suffered a loss in the fourth quarter of 2010 following the repayment of the bailout money in late December 2010. FHN reported a loss of $49.0 million or 20...
3Apr2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial Analyst Reiterates Shares at Neutral
We maintain our Neutral recommendation on Regions Financial Corp. (RF). The decision is based on the company’s move toward profitability in the fourth quarter of 2010. In January, Regions’ announced fourth-quarter 2010 operating earnings per share of 3 cents, significantly...
28Mar2011 | vitalstocks | 0 comments | Continued(RF) Regions Financial Reduces Loss but Misses Street Estimates
Regions Financial Corporation (RF) has narrowed its loss in the third quarter but missed the Zacks Consensus Estimate. The company reported a net loss of 17 cents per share, compared with a loss of 37 cents in the year-ago period. The Zacks Consensus Estimate was a loss of 10...
3Nov2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial’s Earnings Losses Narrower than Estimated
Regions Financial’s (RF) second quarter loss came in at 11 cents per share, better than the Zacks Consensus Estimate of a loss of 20 cents per share. Last year, the company reported a loss of 28 cents per share. Including the Morgan Keegan regulatory proceedings of $200.0 million,...
28Jul2010 | vitalstocks | 0 comments | Continued(FHN) First Horizon National Turns to Profit
First Horizon National Corporation (FHN) turned to profitability in its second quarter after reporting losses in the past eight quarters. The company reported net income of $2.7 million or 1 cent per share, which compares favorably with the Zacks Consensus Estimate at a loss...
17Jul2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Accounting Charge-offs to Peak
In a recent investor conference, Regions Financial Corp. (RF) said that the company expects its charge-offs to peak in the upcoming quarter. The company expects charge-offs near the midpoint of a range of $3.4 billion to $5.9 billion over two years. However, Regions expects no...
23May2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial’s Earnings Report Tops Expectations
Regions Financial Corp.’s (RF) first quarter loss came in at 21 cents per share, better than the Zacks Consensus Estimate of a loss of 27 cents. Results for the quarter improved due primarily to lower-than-expected provisions for loan losses. Last year, the company reported...
21Apr2010 | vitalstocks | 0 comments | Continued(FHN) First Horizon National Corporation Beats Earnings Expectations
First Horizon National Corporation (FHN) reported first quarter net loss of 12 cents, better than the Zacks Consensus Estimate of a loss of 16 cents. The company has also narrowed its loss from the prior-year period’s loss of 32 cents. The better-than-expected results were...
18Apr2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Unit Morgan Keegan Hit with Charges
On Wednesday, Regions Financial Corporation’s (RF) securities brokerage unit, Morgan Keegan was accused of misrepresenting fraudulent investments in risky securities by four state regulators, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory...
8Apr2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Has Debt Rating Lowered by Standard and Poor’s
In yet another sign of dwindling confidence about the company’s performance, Standard and Poor’s (S&P) on Friday lowered the ratings of Regions Financial Corp. (RF) to “BBB-” from “BBB.” Regions, a regional bank, has a high percentage of commercial mortgage...
18Mar2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial’s Morgan Keegan Faces Charges (revised)
Morgan Keegan, a securities brokerage unit of Regions Financial Corp. (RF), has been slapped with charges amounting to $3.6 million in relation with two arbitration cases that were filed against it by two bond investors. These investors, who had invested in the company’s proprietary...
10Mar2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Misses on Higher Provisions
Regions Financial (RF) reported a fourth quarter loss of $606.0 million or 51 cents per share, worse than the Zacks Consensus Estimate of a loss of 35 cents per share. Last year, the company reported a net loss of $244 million or a loss of 35 cents per share. Results suffered...
26Jan2010 | vitalstocks | 0 comments | Continued(FHN) First Horizon National Corporation Misses Consensus Estimates
First Horizon National Corporation (FHN) reported fourth quarter net loss of 32 cents, worse than the Zacks Consensus Estimate of a loss of 22 cents. Net loss deteriorated to $70.6 million in the fourth quarter of 2009 from a loss of $52.9 million in the prior quarter and a loss...
19Jan2010 | vitalstocks | 0 comments | Continued(RF) Regions Financial Joins Transaction Account Guarantee Program
Regions Financial (RF) will participate in the Federal Deposit Insurance Corporation’s (FDIC) Transaction Account Guarantee (TAG) Program. Under this program, through June 30, 2010, all non-interest-bearing transaction accounts will be fully guaranteed by the FDIC for the entire...
4Nov2009 | vitalstocks | 0 comments | Continued(RF) Regions Financial Underperforms on Report
Regions Financial (RF) reported a third quarter loss of $437.0 million or 37 cents per diluted share, worse than the Zacks Consensus Estimate of a loss of 26 cents per share. Last year, the company reported a net income of $95 million — a profit of 13 cents per share. The...
20Oct2009 | vitalstocks | 0 comments | Continued(FHN) First Horizon National Corporation Outdoes Estimates
First Horizon National Corporation (FHN) reported third quarter net loss of 24 cents, better than the Zacks Consensus Estimate of a loss of 34 cents. Net loss improved to $52.9 million in the quarter, compared to $125.1 million last year, primarily due to a decrease in provision...
16Oct2009 | vitalstocks | 0 comments | Continued(RF) Regions Financial Corporation Faces Class Action Lawsuit
Investors have filed a class action lawsuit against Regions Financial Corporation (RF) on charges that the bank had obtained shareholders’ approval for the 2006 acquisition of AmSouth Bancorp by misleading investors about its own financial condition. In November 2006, when...
14Oct2009 | vitalstocks | 0 comments | Continued(RF) Regions Financial Corporation Eliminates Overdraft Fees
Pursuant to the overdraft reforms pressed by Congress, Regions Bank, a subsidiary of Regions Financial Corporation (RF) announced changes to its overdraft fee policies. It announced to overhaul the overdraft fees on consumers in case the account is overdrawn by less than $5 dollars. The...
3Oct2009 | vitalstocks | 0 comments | Continued(RF) AuthenTec – Downgrade to HOLD: Significant Customer Loss, Disturbing Business Trends
They say that good things come in small packages. While that might be true of AuthenTec’s fingerprint sensors, it sure wasn’t true with the nice little “Business Update” that AuthenTec provided on Sunday evening or their nice little share price after...
9Sep2008 | Shawn | 0 comments | Continued