Regions Faces Tough 1Q; Reducing FVE to $15
No-moat-rated Regions Financial had a difficult first quarter due to rising deposit costs and weak fee income. The yield on interest-bearing deposits rose 19 basis points during the quarter, which caused net interest margins to decline 2 basis points quarter over quarter. This was one of the highest deposit betas we witnessed among the banks that have reported so far, and the highest beta for Regions in the current rising rate cycle. Given that one of Regions' main strengths is its deposit base,...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.
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.
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