Regions Financial (RF) Misses Q2 EPS by 31c
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Regions reports $237 million net loss available to common shareholders for the second quarter of 2020
July 17, 2020 6:00 AM EDTDespite significant increase to allowance for credit losses, delivers solid revenue and pre-tax pre-provision income(1) growth over the prior year
BIRMINGHAM, Ala.--(BUSINESS WIRE)-- Regions Financial Corporation (NYSE: RF) today announced results for the second quarter ended June 30, 2020. The company reported a net loss available to common shareholders of $237 million, or $0.25 loss per share. Results include a credit loss provision in excess of net charge-offs of $700 million. The resulting increase to the company's allowance for credit losses reflects adverse conditions and significant uncertainty around the economic outlook combined... More
