Cindy Rogers, Regions Bank Head of Operations and Technology, to Retire After Nearly Four Decade Banking Career
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Compass Point Cuts Price Target on Regions Financial (RF) Following 3Q Results
October 22, 2015 10:21 AM EDTCompass Point maintained a Buy rating on Regions Financial (NYSE: RF), and cut the price target to $12.50 (from $13.00), following the company's 3Q15 earnings results. RF reported 3Q15 GAAP earnings of $0.20, but after adjusting for securities gains, lease termination gains, branch consolidation expenses and despit administrative fees, estimated operation EPS comes to $0.19. The result was $0.01 below the consensus estimate.
Analyst Jesus Bueno commented, "We reiterate our Buy rating and lower our price target to $12.50 following the 3Q15 earnings release. The... More
