Stock Blog Hub » Regional – Southeast Banks

(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook

vitalstocks — Tue, 09 Aug 2011 19:21:49 +0000

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 outlook reflects S&P’s anticipation of profit trend to continue in the upcoming quarters marked by improvement [...]

(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook

(RF) Regions Financial-FIA Credit Card Services Deal Closes

vitalstocks — Thu, 07 Jul 2011 17:12:09 +0000

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 month, Regions announced to buy approximately 500,000 customer [...]

(RF) Regions Financial-FIA Credit Card Services Deal Closes

(RF) Regions Teams with Western Union

vitalstocks — Wed, 29 Jun 2011 20:51:00 +0000

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 money transfer services and faster bill payment services across its 1,700 [...]

(RF) Regions Teams with Western Union

(RF) Regions Financial Restructures Three Units

vitalstocks — Sun, 26 Jun 2011 17:28:03 +0000

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, insurance and private banking units into one group, which would look after affluent clients. The [...]

(RF) Regions Financial Restructures Three Units

(RF) Regions Financial Settles Mortgage Fraud

vitalstocks — Thu, 23 Jun 2011 20:10:56 +0000

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 securities. They were involved in fraudulently marketed mutual funds. The SEC alleged Regions’ subsidiaries of fraud related [...]

(RF) Regions Financial Settles Mortgage Fraud

(FHN) First Horizon National Analyst Downgrades to Underperform

vitalstocks — Mon, 04 Apr 2011 03:33:05 +0000

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 cents per share, significantly higher than the Zacks [...]

(FHN) First Horizon National Analyst Downgrades to Underperform

(RF) Regions Financial Analyst Reiterates Shares at Neutral

vitalstocks — Tue, 29 Mar 2011 02:46:09 +0000

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 surpassing the Zacks Consensus Estimate loss of 13 cents per share. Results compared favorably with [...]

(RF) Regions Financial Analyst Reiterates Shares at Neutral

(RF) Regions Financial Reduces Loss but Misses Street Estimates

vitalstocks — Wed, 03 Nov 2010 15:55:02 +0000

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 cents per share. Results were significantly [...]

(RF) Regions Financial Reduces Loss but Misses Street Estimates

(RF) Regions Financial’s Earnings Losses Narrower than Estimated

vitalstocks — Wed, 28 Jul 2010 14:31:36 +0000

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, Regions’ loss was 28 cents per diluted [...]

(RF) Regions Financial’s Earnings Losses Narrower than Estimated

(FHN) First Horizon National Turns to Profit

vitalstocks — Sat, 17 Jul 2010 17:38:31 +0000

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 of 9 cents. The company incurred a net loss of $27.7 [...]

(FHN) First Horizon National Turns to Profit

(RF) Regions Financial Accounting Charge-offs to Peak

vitalstocks — Mon, 24 May 2010 04:40:39 +0000

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 reserve build in the second half of 2010. Regions also [...]

(RF) Regions Financial Accounting Charge-offs to Peak

(RF) Regions Financial’s Earnings Report Tops Expectations

vitalstocks — Wed, 21 Apr 2010 22:17:00 +0000

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 a profit of 4 cents. First quarter marked the third consecutive [...]

(RF) Regions Financial’s Earnings Report Tops Expectations

(FHN) First Horizon National Corporation Beats Earnings Expectations

vitalstocks — Mon, 19 Apr 2010 02:48:58 +0000

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 primarily driven by a decrease in loan loss provisions. Additionally, expenses [...]

(FHN) First Horizon National Corporation Beats Earnings Expectations

(RF) Regions Financial Unit Morgan Keegan Hit with Charges

vitalstocks — Thu, 08 Apr 2010 23:43:13 +0000

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 Authority (FINRA). The four states involved are the states of Mississippi, Alabama, Kentucky and South Carolina. Morgan Keegan, its sister [...]

(RF) Regions Financial Unit Morgan Keegan Hit with Charges

(RF) Regions Financial Has Debt Rating Lowered by Standard and Poor’s

vitalstocks — Thu, 18 Mar 2010 18:45:03 +0000

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 exposure (24% as on Dec 31, 2009) in its loan portfolio. Commercial borrowers generally refinance [...]

(RF) Regions Financial Has Debt Rating Lowered by Standard and Poor’s

(RF) Regions Financial’s Morgan Keegan Faces Charges (revised)

vitalstocks — Thu, 11 Mar 2010 02:52:25 +0000

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 RMK bonds, suffered losses due to overexposure in risky mortgage-related securities. [...]

(RF) Regions Financial’s Morgan Keegan Faces Charges (revised)

(RF) Regions Financial Misses on Higher Provisions

vitalstocks — Tue, 26 Jan 2010 22:47:29 +0000

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 mainly due to increased [...]

(RF) Regions Financial Misses on Higher Provisions

(FHN) First Horizon National Corporation Misses Consensus Estimates

vitalstocks — Wed, 20 Jan 2010 00:01:44 +0000

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 of $63.1 million in the [...]

(FHN) First Horizon National Corporation Misses Consensus Estimates

(RF) Regions Financial Joins Transaction Account Guarantee Program

vitalstocks — Thu, 05 Nov 2009 00:43:53 +0000

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 amount in the account. Coverage under the TAG is in addition to and separate from the coverage [...]

(RF) Regions Financial Joins Transaction Account Guarantee Program

(RF) Regions Financial Underperforms on Report

vitalstocks — Tue, 20 Oct 2009 23:23:16 +0000

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 results suffered mainly due [...]

(RF) Regions Financial Underperforms on Report

(FHN) First Horizon National Corporation Outdoes Estimates

vitalstocks — Sat, 17 Oct 2009 00:05:48 +0000

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 for loan losses and a reduction in non-interest [...]

(FHN) First Horizon National Corporation Outdoes Estimates

(RF) Regions Financial Corporation Faces Class Action Lawsuit

vitalstocks — Wed, 14 Oct 2009 16:56:08 +0000

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 the bank announced to purchase AmSouth Bancorp for $10 billion, it allegedly made false representations [...]

(RF) Regions Financial Corporation Faces Class Action Lawsuit

(RF) Regions Financial Corporation Eliminates Overdraft Fees

vitalstocks — Sat, 03 Oct 2009 21:23:41 +0000

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 bank also announced that it has limited the number of [...]

(RF) Regions Financial Corporation Eliminates Overdraft Fees

(RF) AuthenTec – Downgrade to HOLD: Significant Customer Loss, Disturbing Business Trends

Shawn — Tue, 09 Sep 2008 10:20:05 +0000

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 the close of today’s market. AuthenTec (NASDAQ: AUTH), the world’s leading provider of fingerprint [...]

(RF) AuthenTec – Downgrade to HOLD: Significant Customer Loss, Disturbing Business Trends