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Based in Birmingham, Alabama, Regions Financial Corporation (RF) is a financial holding company with a market cap of $20.5 billion. The company provides retail, commercial, and mortgage banking services as well as asset management, wealth management, securities brokerage, and mergers and acquisitions advisory services. RF is expected to announce its fiscal Q3 earnings results before the market opens on Friday, Oct. 18.
Ahead of this event, analysts expect the bank holding company to report a profit of $0.52 per share, up 6.1% from $0.49 per share in the year-ago quarter. However, the company has surpassed Wall Street's earnings estimates in two of the last four quarters while missing on two other occasions. In Q2, the company reported an EPS of $0.52, which topped the consensus estimates by 6.1%.
