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Stock Market & Financial Investment News

News Breaks
December 5, 2012
09:39 EDTRFRegions Financial entered into agreement with third party investor on Nov. 30
In an 8K filing, Regions said it entered into an agreement with a third party investor in Regions Asset Management Company on November 30, pursuant to which the investment was fully redeemed. This resulted in extinguishing a $203M liability, including accrued, unpaid interest, as well as incurring early termination costs of approximately $42M on a pre-tax basis. This will result in approximately $38M in after tax expense for the fourth quarter.Excluding the early termination costs, during 2012 Regions incurred approximately $28M of non-interest expenses related to this liability. Approximately $13M in non-interest expense occurred during the first quarter of the year and approximately $15M occurred from January through November, the latter of which was not deductible for income tax purposes. These costs will no longer recur.
News For RF From The Last 14 Days
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August 28, 2015
10:02 EDTRFOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
06:48 EDTRFRegions Financial upgraded to Buy from Neutral at Guggenheim
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August 25, 2015
09:59 EDTRFOn The Fly: Analyst Upgrade Summary
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07:07 EDTRFRegions Financial upgraded to Strong Buy from Outperform at Raymond James
Raymond James upgraded Regions Financial to Strong Buy and a $11.50 price target citing the pullback in shares.
06:29 EDTRFRegions Financial upgraded to Market Perform at Keefe Bruyette
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August 20, 2015
10:00 EDTRFOn The Fly: Analyst Initiation Summary
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August 19, 2015
17:06 EDTRFRegions Financial initiated with a Buy at Sterne Agee CRT
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