Dallas, Texas 12/20/2013 (FINANCIALSTRENDS) – The latest financial reports about the Regions Financial Corporation (NYSE:RF) seems to be indicating that it has missed all the estimates and are less than its previous quarter earnings. The main reason behind all this is seen as its increased non- interest expenses and overall reduction in its non-interest earnings and income. However its core business performance saw an improvement after its favorable funding mix.
There are many professional and well experienced analysts who are still quite confident about Regions Financial Corporation because the company is in expansion mode and the strategies adopted by the company will yield profitable and positive earnings in the upcoming quarters.
Overview of the company
If we talk about the Regions Financial Corporation (NYSE:RF), it is an Birmingham based financial and investment holding company. The company deals into different things such as retail banking, commercial banking, securities, trust, brokerage, insurance and mortgage. As per the recent estimated numbers it has around 1700 different branch offices and there are over 2000 ATMs in 16 different states in Texas, south and Midwest.
The company also holds significant position in the insurance market and is also planning to rapidly expanding its network in the coming years. The company also merged with ASO also called as AmSouth bancorporation in the month of Nov. in 2006. The company’s business services segment includes its commercial equipment and banking functions. The consumer services segment has its branch’s network that also includes services and consumer banking products.
All the above mentioned points are in favor of Regions Financial Corporation (NYSE:RF) and it seems that its share price will increase to a new level in the coming years; however you need to maintain a long term buy on this share and see your money growing to a new level in the coming time.