Evercore ISI Reiterates Buy on Regions Financial (RF) Following 2c EPS Miss
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Rating Summary:
11 Buy, 23 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 10 | New: 11
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Evercore ISI reiterated a Buy rating and $11.00 price target on Regions Financial (NYSE: RF) following the company's 3Q15 earnings report. RF reported 3Q15 EPS of $0.18, missing consensus of $0.20.
Analyst John Pancari commented, "RF reported 3Q15 EPS of $0.18. Ex loss from discontinued ops and FDIC insurance fee item, we peg core at $0.19 vs our and cons ests of $0.20. Modest downside due to higher LLP (-$0.01) and higher expenses (-$0.01), partly offset by higher fee income (+$0.01). Overall, a soft quarter as loan growth was in line, but NIM compressed a bit more than expected, and expenses and credit costs came in higher (NALs & NCOs up)."
For an analyst ratings summary and ratings history on Regions Financial click here. For more ratings news on Regions Financial click here.
Shares of Regions Financial closed at $8.94 yesterday.
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