Investing.com - Regions Financial (NYSE:RF) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Regions Financial announced earnings per share of $0.63 on revenue of $1.60B. Analysts polled by Investing.com anticipated EPS of $0.4743 on revenue of $1.55B.
Regions Financial shares are up 25% from the beginning of the year, still down 10.26% from its 52 week high of $22.61 set on February 25. They are outperforming the S&P 500 which is up 10.09% from the start of the year.
Regions Financial follows other major Financial sector earnings this month
Regions Financial's report follows an earnings beat by JPMorgan on April 14, who reported EPS of $4.5 on revenue of $33.12B, compared to forecasts EPS of $3.1 on revenue of $30.49B.
UnitedHealth had beat expectations on April 15 with first quarter EPS of $5.31 on revenue of $70.2B, compared to forecast for EPS of $4.39 on revenue of $69.07B.
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