NEW YORK (TheStreet) --Regions Financial (RF) - Get Regions Financial Corporation Report was falling 1.1% to $10.08 Tuesday despite meeting analysts' estimates for earnings and revenue in the second quarter.
For the second quarter Regions Financial reported earnings of 21 cents a share, meeting the Capital IQ Consensus Estimates of 21 cents a share. Revenue grew 2% from the year-ago quarter to $1.28 billion, compared to analysts' estimates of $1.29 billion for the quarter.
Regions Financial said that net interest margin was up 3.24% from 3.16% in the year-ago period, but down from 3.26% in the first quarter.
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TheStreet Ratings team rates REGIONS FINANCIAL CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate REGIONS FINANCIAL CORP (RF) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity."
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.