Report
Stephen Ellis
EUR 147.86 For Business Accounts Only

Consumer Lending Is a Bright Spot at Regions

We are maintaining our $9 per share fair value estimate for narrow-moat Regions Financial following the release of the company’s second-quarter earnings. The industrywide trend away from branch banking and toward digital financial services was evident in the company’s results. Regions is closing 60 branches this year, with plans to consolidate up to 150 during the next three years. The company believes these efforts will contribute to $300 million in annual savings. We don’t think these goals ar...
Underlying
Regions Financial Corporation

Regions Financial is a banking holding company. Through its subsidiaries, the company has the following segments: Corporate Bank, which represents its commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending; Consumer Bank, which represents its branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, branch small business loans, indirect loans, consumer credit cards and other consumer loans; and Wealth Management, which provides credit related products, trust and investment management, asset management, retirement and savings solutions and estate planning.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Stephen Ellis

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