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Regions Financial Corporation

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Shares of Regions Financial have outperformed the industry in the last six months. Estimates for third-quarter earnings have remained stable over the last 30 days. The company boasts an impressive earnings surprise history. It surpassed the Zacks Consensus Estimate for earnings in all the trailing four quarters. The company’s favorable funding mix, attractive core business and revenue diversification strategies are likely to aid profitability in the upcoming quarters. Moreover, rising rate scenario is expected to further improve margins. Also, the company’s cost saving initiative through branch consolidation is encouraging. However, muted growth in fee income continues to affect the company’s top-line. Further, certain pending lawsuits remain a near-term concern.

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