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Regions Financial Q4 Profit Rises 60%, Tops Estimates
(RTTNews) - Regions Financial Corp. (RF) on Friday reported fourth-quarter net income available to common shareholders increased to $660 million or $0.70 per share from $414 million or $0.43 per share in the year-ago quarter.
Total revenue for the quarter rose 22.5 percent to $2.00 billion from $1.63 billion in the same quarter last year. Adjusted total revenue also rose 19.4 percent to $1.95 billion from $1.63 billion last year.
On average, analysts polled by Thomson Financial expected the company to report earnings of $0.65 per share on revenues of $1.95 billion for the quarter. Analysts' estimates typically exclude special items.
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European Economic News Preview: Germany Industrial Output Data Due
Industrial production from Germany and house prices from the UK are the top economic news due on Monday. At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production for May. Industrial production is forecast to fall 0.6 percent month-on-month, slower than the 1.4 percent decrease in April. In the meantime, UK Halifax house price data is due.
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34 minutes ago
Australian Market Extends Early Losses In Mid-market
The Australian stock market is extending its early losses in mid-market trading on Monday, reversing the slight gains in the previous session, following the negative cues from European markets and lack of cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,600.00 level, with weakness in gold miners and financial stocks and a mixed performance most other sectors.
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2h 30min ago
Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Monday, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday, amid ongoing concerns about U.S. tariffs after US President Donald Trump announced that his government will send letters to around 170 trading partners outlining new, simple unilateral tariffs that will take effect on August 1.
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3h 19min ago
Lower Open Anticipated For Thai Stock Market
The Thai stock market on Friday ended the four-day winning streak in which it had surged almost 50 points or 4.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,120-point plateau and it's expected to see further downside on Monday.
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4h 0min ago
Indonesia Shares May Open In The Red On Monday
The Indonesia stock market has finished lower in four straight sessions, slumping more than 60 points or 0.9 percent along the way. The Jakarta Composite Index now sits just above the 6,865-point plateau and it's expected to open under pressure again on Monday.
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4h 30min ago
Japanese Market Notably Lower
The Japanese stock market is trading notably lower on Monday, extending the slight losses in the previous session, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday, with the Nikkei 225 falling below the 39,600 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
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4h 36min ago
Losing Streak May Continue For Hong Kong Stock Market
The Hong Kong stock market has finished lower in back-to-back sessions, sinking more than 300 points or 1.3 percent along the way. The Hang Seng Index now sits just shy of the 23,920-point plateau and it's tipped to open to the downside again on Monday.
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4h 45min ago
Australian Market Slightly Lower
The Australian stock market is slightly lower on Monday after opening in the green, reversing the slight gains in the previous session, following he broadly negative cues from European markets and lack of cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,600.00 level, with weakness in gold miners and financial stocks and a mixed performance most other sectors.
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4h 53min ago
