RBC Capital Downgrades Regions Financial (RF) to Sector Perform
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Regions reports first quarter earnings improvement of 9 percent over the prior quarter driven by prudent growth and disciplined expense management
April 21, 2015 6:00 AM EDTBIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF) today announced earnings for the first quarter of 2015. The company reported net income available to common shareholders of $218 million and earnings per diluted share of $0.16.
Diversifying revenue, generating positive operating leverage and effectively deploying capital are top priorities for our company, and our first quarter results illustrate that we are successfully executing on our strategy, said Grayson Hall, chairman, president and CEO. Regions achieved positive operating leverage, grew important sources of non-interest income in the wealth management and mortgage businesses and reduced expenses on an... More
