Regions Financial Q4 Profit Rises 60%, Tops Estimates
(RTTNews) - Regions Financial Corp. (RF) on Friday reported fourth-quarter net income available to common shareholders increased to $660 million or $0.70 per share from $414 million or $0.43 per share in the year-ago quarter.
Total revenue for the quarter rose 22.5 percent to $2.00 billion from $1.63 billion in the same quarter last year. Adjusted total revenue also rose 19.4 percent to $1.95 billion from $1.63 billion last year.
On average, analysts polled by Thomson Financial expected the company to report earnings of $0.65 per share on revenues of $1.95 billion for the quarter. Analysts' estimates typically exclude special items.
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TSX Ends Weak As Communications, Tech Stocks Decline
The Canadian market closed weak on Friday, weighed down by losses in communications, healthcare and technology sectors.
Besides reacting to earnings updates, investors digested Canadian jobs data, and assessed the non-farm payroll data from the U.S. Labor Department as well.
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Dollar Rises Against Major Counterparts
The U.S. dollar climbed higher on Friday as the Labor Department's non-farm payroll data raised bets the Federal Reserve will hold rates unchanged at its next meeting.
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Swiss Market Ends On Weak Note After Choppy Session
The Switzerland market closed weak on Friday after a choppy session, as investors stayed a bit reluctant to make significant moves after recent upswing.
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U.S. Dollar Jumps After Jobs Data
The U.S. dollar firmed against its most major counterparts in the New York session on Friday, as the latest jobs data showed a drop in the unemployment rate and strong wage growth.
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European Stocks Close Lower After Cautious Session
European stocks closed lower on Friday with the mood turning cautious as investors assessed the latest batch of economic data from the U.S. and Europe, and reacted to a slew of earnings updates while awaiting clarity on the Trump administration's trade policies and tariff moves.
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Canadian Market Modestly Lower After Jobs Data
The Canadian market is down in negative territory on Friday after data showing a drop in the nation's unemployment rate dimmed prospects of a rate cut by the Bank of Canada in March.
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U.S. Wholesale Inventories Decrease In Line With Estimates In December
The Commerce Department released a report on Friday showing wholesale inventories in the U.S. decreased in line with economist estimates in the month of December.
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U.S. Consumer Sentiment Unexpectedly Slumps In February As Inflation Expectations Surge
Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of February, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slumped to 67.8 in February after rising to 71.1 in January. Economists had expected the index to inch up by to 72.0.
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