All Posts Tagged With: "RF"
(AAPL) Company News for January 12, 2012 – Corporate Summary
• Raymond James Financial Inc. (NYSE:RJF) announced that it will acquire Morgan Keegan & Co. Inc., the brokerage subsidiary of Regions Financial Corp. (NYSE:RF) for $930 million. Following this development, shares of Regions Financial advanced 2.13% • Grocery...
13Jan2012 | vitalstocks | 0 comments | Continued(BBT) Standard & Poor’s Revises Regional Bank Ratings
In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American...
7Dec2011 | vitalstocks | 0 comments | Continued(BAC) Bank of America Calls Off Debit-Card Fee
Bank of America Corp. (BAC) has called off its plan to charge a $5 monthly fee on debit card purchases on Tuesday, but only after a hostile response from consumers and lawmakers nationwide. The company was under pressure to drop debit card fee as some of its rival companies including...
3Nov2011 | vitalstocks | 0 comments | Continued(AAPL) Stock Market News for October 7, 2011 – Market News
Markets experienced a third consecutive day of gains on Thursday, backed by hope among investors that steps were being taken to contain the European crisis. The new confidence among investors is a result of speculation that the president of European Commission has asked member...
8Oct2011 | vitalstocks | 0 comments | Continued(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(SWKS) Skyworks Solutions Analyst Reiterates Neutral
We recently reiterated our Neutral recommendation of Skyworks Solutions (SWKS). Skyworks continues to capitalize on three business segments ? mobile Internet, vertical markets and analog components. Skyworks Solutions continues to consolidate its share across the mobile Internet...
27Apr2011 | vitalstocks | 0 comments | Continued(STI) SunTrust Announces Full TARP Repayment
SunTrust Banks Inc. (STI) said on Wednesday that it has repaid the entire $4.85 billion in bailout money it had received from the government for its participation in the Troubled Asset Relief Program (TARP). SunTrust financed its TARP repayment primarily through proceeds from...
10Apr2011 | vitalstocks | 0 comments | Continued(KEY) KeyCorp Repays Troubled Asset Relief Program Funds
KeyCorp (KEY) became one of the latest three banks to repay its bailout money. The company has fully repaid its $2.5 billion in outstanding Troubled Asset Relief Program (TARP) funds on Wednesday. KeyCorp’s repayment was financed by proceeds from the recent $625 million common...
6Apr2011 | 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(WFC) Are Federal Reserve Bank Stress Test Results an Encouraging Sign?
Following the release of the Federal Reserve’s much-awaited stress test results on Friday, many big banks that were granted the green signal took immediate action to raise their dividends. The Fed allowed America’s strongest banks that have passed the second round of stress...
21Mar2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for Janurary 3, 2011 – Market News
Investors mostly stayed away from the Street on Friday, being New Year’s Eve and markets closed largely mixed. This was also one of the lightest volume trade days of the year. Though, apart from the Dow, certain benchmarks shed a few points on the closing day, the markets posted...
3Jan2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for December 23, 2010
On Wednesday, markets ended marginally higher and major indices enjoyed record two-year highs. Primarily led by financial stocks and positive economic data, benchmarks ended on the winning side on a trading day with light volumes. As markets near the end of the year, it is to...
25Dec2010 | vitalstocks | 0 comments | Continued(SWKS) Skyworks Solutions First Quarter 2011 Earnings Scorecard
Following the solid fourth quarter results of Skyworks Solutions (SWKS), estimates have been on the rise reflecting a positive sentiment among analysts covering the stock. Skyworks also provided an upbeat guidance for the first quarter of fiscal 2011 triggering an increase in...
13Dec2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s Investors Service Chops Ratings of Ten Banks
Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), has lowered the ratings of 10 banks earlier this week on lower expectations for governmental support for these banks. Banks Thumbed Down The banks whose ratings were downgraded are BB&T Corp....
4Nov2010 | 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(AA) Stock Market News for November 3, 2010 – Market News
Stocks advanced broadly on Tuesday as investors turned their focus toward the results of mid-term elections and a two-day Federal Reserve meeting that is expected to unveil more measures to revive the economy. The advance sent the Dow average to its highest close in more than...
3Nov2010 | vitalstocks | 0 comments | Continued(AA) Stock Market News for October 26, 2010 – Market News
U.S. stocks rose to their highest level since April amid renewed hopes that the Fed would soon initiate steps to stimulate economic growth. A jump in commodity prices, aided by a falling dollar, also helped push stocks higher and the blue-chip Dow average closed at its highest...
26Oct2010 | vitalstocks | 0 comments | Continued(BAC) Bank Ratings Reduced Under New U.S. Federal Deposit Insurance Corporation Rule?
Fitch Ratings has placed the ratings of a number of major banks under review for possible downgrade following a new rule proposed by the U.S. Federal Deposit Insurance Corporation (FDIC). Recently, the board of directors of FDIC has voted to approve the rule that details the...
25Oct2010 | vitalstocks | 0 comments | Continued(JPM) Regulators Close Three More Banks – U.S. Bank Failures Rise to 132 in 2010
Bank failures continue unabated as the U.S. regulators closed down three more banks on Friday. Out of the three failed banks, two were based in Missouri and one in Kansas. This brings the total number of bank failures to 132 so far in 2010, compared to 140 in 2009, 25 in 2008...
18Oct2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures in 2010 Climb to 129
U.S. regulators on Friday shuttered two more banks in Florida and Washington, pushing up the figure to 129 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007. While the bigger banks benefited greatly from the various...
4Oct2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Climb to 127 in 2010
Bank failures continue unabated as the U.S. regulators closed down two more banks in Florida and Washington on Friday, pushing up the figure to 127 so far in 2010. This compares with a total number of 140 bank failures in 2009, 25 in 2008 and just 3 in 2007. While the bigger...
3Oct2010 | vitalstocks | 0 comments | Continued(BBT) BB&T to Reclassify Non-performing Loans
On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&T Corp.’s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter...
15Sep2010 | vitalstocks | 1 comment | Continued(JPM) U.S. Bank Failure Tally Hits 119 in 2010 – Horizon Bank Fails
Following a lull in bank failures for the last week of August and the first week of September, U.S. regulators last Friday shuttered Bradenton, Florida-based Horizon Bank, pushing up U.S. bank failures to 119 so far in 2010. This compares with a total number of 140 bank failures...
14Sep2010 | vitalstocks | 0 comments | Continued(STJ) St. Jude Medical Invests in CardioMEMS
Medical devices major St. Jude Medical (STJ) has inked an agreement to invest $60 million in privately-held cardiac devices maker CardioMEMS Inc, for a 19% stake in the entity. The deal also includes an exclusive option for St. Jude to fully acquire CardioMEMS for $375 million...
9Sep2010 | vitalstocks | 0 comments | Continued(JPM) U.S. Federal Deposit Insurance Corporation’s Problem Bank List Grows – More Banks Go Bust
According to a government report released on Tuesday, the number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions in the second quarter grew to 829 from 775 in the previous quarter and 416 in the year-ago quarter. This is the highest...
7Sep2010 | vitalstocks | 0 comments | Continued