Dallas, Texas 03/05/2014 (FINANCIALSTRENDS) – Regions Financial Corporation (NYSE:RF) Chief Investment Officer, Brian Sullivan, is expecting to see the revival of the US economy and hopes that, the policies for this year would lead to create the environment for it. “Our outlook for the market is a positive on the year, ” he commented, and hoped that the Federal policies would keep the rates low, helping the housing sector to further recover. Additionally, he opined that the current US recovery due to domestic energy scene would continue into the new fiscal.
Federal policies should support housing sector revival with low interest rates
Regions Financial Corporation (NYSE:RF) CIO also commented that the country has seen one of the slowest growth rates for years now. The fact that the economic turnaround at this rate has been without stressing the economy is the advantage, he shared.
For a complete recovery, the need is to see the employment numbers return. The massive job cuts during 2008 and 2009 have only been partially recovered in the past few years. The rate of unemployment for this year has been slow, while the increase is poised at about 10 percent.
8000 million Jobs fill-out
Regions Financial Corporation (NYSE:RF) CEO Grayson Hall, while announcing the fourth quarter results had declared that the core success in this quarter were achieving ‘fundamental’ success in matching the financial needs of their clients and developing relationships with them. However, in terms of financial numbers, the income actually saw a dip from $1.7 billion in 2012 to $1.6 billion, a decline of 4.5%. Analysts see the 10% income growth was due to the company not paying more in dividends to the preferred stock holders
Regions Financial Corporation (NYSE:RF) and companies such as it, are expecting to see November as the month when there will an important forward movement, proving to be of psychological advantage. The turnaround and recovery of jobs is currently at 8 million jobs nearly equivalent to the job loss during the economic downfall.