Regions FinancialNYSE: RF

Does Regions Financial (RF) have what it takes to be a top stock pick for momentum investors? Let's find out.

Since starting their partnership in 2013, the companies have seen great success and have decided to continue their collaboration. On October 23, 2024, Cetera Financial Group announced that Regions Bank has renewed its agreement with Cetera Financial Institutions, which helps over 450 banks and credit unions with their investment programs. LeAnn Rummel, president and CEO of Cetera Investment Services, expressed excitement about the renewed partnership and the potential for further growth in Regions Investment Solutions.

Regions Financial (RF) reported quarterly earnings of $0.57 per share, which is higher than the Zacks Consensus Estimate of $0.53 per share. This is an increase compared to earnings of $0.49 per share from the same time last year.

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corp. (NYSE:RF) has announced its earnings for the third quarter that ended on September 30, 2024. The company reported a net income of $446 million for common shareholders, with earnings per diluted share at $0.49. Additionally, Regions Financial Corp. generated $1.8 billion in total revenue for the quarter, which includes $721 million in pre-tax pre-provision income and $799 million in adjusted pre-tax pre-provision income.

Regions Financial Corporation (NYSE:RF) will hold its Q3 2024 Earnings Conference Call on October 18, 2024, at 10:00 AM ET. The call will feature company leaders, including Dana Nolan, John Turner, and David Turner, along with participants from various financial institutions. The operator, Christine, will welcome everyone to the call.

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Financial Corporation (NYSE:RF) has announced cash dividends for its common shares as well as for Series C, Series D, Series E, and Series F preferred shares.

Is Regions Financial (RF) a strong choice for momentum investors? Let's take a closer look.

Instead of just focusing on Wall Street's predictions for Regions Financial (RF), it's important to examine some of its key metrics to better understand how the company might perform in the quarter that ended in September 2024. This will provide a clearer picture of its potential.

A rise in fee income and a better lending situation probably helped RF's performance in the third quarter.