What to Expect When Regions Financial (RF) Reports Q2 Earnings
NEW YORK (TheStreet) -- Shares of Regions Financial (RF) - Get Report are up 0.39% to $9.11 as the Birmingham, AL-based bank prepares to report 2016 second-quarter earnings before the market open on Tuesday.
Analysts surveyed by Thomson Reuters are looking for adjusted earnings of 20 cents per share on revenues of $1.37 billion for the period.
Last year, Regions Financial reported adjusted earnings of 20 cents per share on $1.41 billion in revenues for the 2015 second quarter.
Yesterday, the bank's board authorized a share repurchase program for up to $640 million of stock. The board also declared a dividend of 6.5 cents per share of outstanding stock, payable on October 3 to shareholders of record as of September 9.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C+.
Regions Financial's strengths such as its revenue growth, increase in net income and good cash flow from operations are countered by the fact that the stock has had a generally disappointing performance in the past year.
You can view the full analysis from the report here: RF
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.