Regional - Southeast Banks
(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