Regions Financial - Strong Retail and Commercial Customer Segment Leads to Profit Surge!
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Business Driver: Regions Financial (RF) is one of the leading US regional banks, with over 1,300 branches in Texas, Alabama, Tennessee, Arkansas, Mississippi, Louisiana, and Florida. It is particularly strong in the retail and commercial customer segments, as well as in wealth management. Recently, it was able to benefit significantly from much higher fee income in the wealth management area. On July 18, there was a surprising increase in adjusted EPS from 53 to 60 cents, while the analyst consensus was at 56 cents.
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