Regions Financial (RF) is nearing 3-year lows after missing earnings. Its adjusted EPS came in at $0.49 versus an estimated $0.59 and its revenue came in at $1.86B versus an estimated $1.89B. Alex Coffey discusses this stock as it was downgraded by Wells Fargo. He notes that RF and other similar banks are spending a lot of money trying to entice investors and going out more on the credit risk side when it comes to loans. Tune in to find out more about the stock market today.
Morning Trade Live
20 Oct 2023
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