Investing.com - Regions Financial (NYSE:RF) reported on Friday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Regions Financial announced earnings per share of $0.77 on revenue of $1.56B. Analysts polled by Investing.com anticipated EPS of $0.5265 on revenue of $1.55B.
Regions Financial shares are up 17% from the beginning of the year, still down 20.37% from its 52 week high of $23.81 set on June 1. They are outperforming the S&P 500 which is up 16.28% 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 July 13, who reported EPS of $3.78 on revenue of $31.4B, compared to forecasts EPS of $3.2 on revenue of $29.97B.
UnitedHealth had beat expectations on July 15 with second quarter EPS of $4.7 on revenue of $71.32B, compared to forecast for EPS of $4.43 on revenue of $69.51B.
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