The Earth Times Online Newspaper (Free subscription) | 07/24/2008
(Reuters) - Analyst Richard Bove downgraded Regions Financial Corp to neutral from buy, and said the large U.S. southeast regional bank was unable to grasp the opportunities before it, partly due to constant management turmoil and the lack of underwriting discipline.
Reuters UK (Free subscription) | 07/24/2008
(Reuters) - Analyst Richard Bove downgraded Regions Financial Corp to "neutral" from "buy," and said the large U.S. southeast regional bank was unable to grasp the opportunities before it, partly due to constant management turmoil and the lack of underwriting discipline.
Banking Business Review (Free subscription) | 07/23/2008
Regions Financial has reported a net income of $206.4 million for the second quarter ended June 30, 2008, compared with $453.3 million for the same quarter of 2007.
Seeking Alpha (Free subscription) | 07/23/2008
Regions Financial Corporation (RF) Q2 2008 Earnings Call Complete Story »
Calculated Risk (Free subscription) | 07/22/2008
Also on regional banks see the WSJ: Regional Banks Battered Amid Turmoil in Markets Here are some comments from the Regions Financial conference call (hat tip Brian): “Given the continuing deterioration in residential property values, especially in Florida , and a generally uncertain economic back drop, we expect credit costs to remain elevated. While we're not predicting the duration of this
The Atlanta Business Chronicle (Free subscription) | 07/22/2008
Regions Financial Corp.'s profits fell 54 percent in the second quarter as the company set aside more capital for loan losses. (RF)
The Nashville Business Journal (Free subscription) | 07/22/2008
Regions Financial Corp.'s net income fell 54 percent in the second quarter as the company set aside more capital for loan losses. (RF)
The Birmingham Business Journal (Free subscription) | 07/22/2008
Regions Financial Corp. slashed its dividend Tuesday on the helm of plunging second-quarter earnings and escalating loan losses and net charge-offs. (RF)
The Memphis Business Journal (Free subscription) | 07/22/2008
Regions Financial Corp.'s net income fell 54 percent in the second quarter as the company set aside more capital for loan losses. (RF)
Market Watch (Free subscription) | 07/22/2008
A pair of southern regional banks, SunTrust and Regions Financial, post declines in second-quarter profit as rising credit costs and the deteriorating value of their investment portfolios wreak havoc.
Market Watch (Free subscription) | 07/22/2008
NEW YORK (MarketWatch) - Regions Financial Monday fell 21%, headlining a slew of bad financial reports from regional banks that is throwing cold water on a recent bank rally, as home equity and homebuilder loans wreak havoc in the sector and tamp down any "all clear" signals the money center banks may have hinted at last week.
Market Watch (Free subscription) | 07/22/2008
NEW YORK (MarketWatch) -- Shares of Regions Financial Corp. dropped over 20% Tuesday in early action, leading the way down for bank stocks as they tumbled into the red after regional banks reported worse-than-expected quarterly earnings and dividend cuts were announced. Also among the top losers in early action were Fannie Mae and Freddie Mac , as their shares lost over 15%. Steep losses at Wachovia...
Market Watch (Free subscription) | 07/22/2008
A pair of southern regional banks, SunTrust and Regions Financial, on Tuesday posted declines in second-quarter profit as rising credit costs and the deteriorating value of their investment portfolios wreaked havoc.
Market Watch (Free subscription) | 07/22/2008
NEW YORK (MarketWatch) -- Regions Financial Corp. said Tuesday its second-quarter profit from continuing operations totaled $207 million, or 30 cents per share, compared to $454 million, or 63 cents per share, in the same quarter a year before. Analysts polled by FactSet Research had expected an average of 44 cents per share. The Birmingham, Ala., company also said it plans to reduce its quarterly...
Business Wire (Free subscription) | 07/22/2008
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corporation (NYSE:RF) today reported earnings for the quarter ending June 30, 2008.
