Strength Seen in Regions Financial (RF): Can Its 9.1% Jump Turn into More Strength?

Regions Financial (RF) shares soared 9.1% in the last trading session to close at $20. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.6% loss over the past four weeks.Regions Financial experienced a significant stock price increase following the optimism surrounding President Donald Trump's announcement of a 90-day pause on "reciprocal" import tariffs, which alleviated investor concerns about potential economic downturns due to trade tensions. This optimism boosted investor confidence in the banking sector stocks, like RF.This holding company for Regions Bank is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +15.9%. Revenues are expected to be $1.82 billion, up 4.4% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Regions Financial, the consensus EPS estimate for the quarter has been revised 1.5% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on RF going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Regions Financial belongs to the Zacks Banks - Southeast industry. Another stock from the same industry, Third Coast Bancshares, Inc. (TCBX), closed the last trading session 5.3% higher at $29.23. Over the past month, TCBX has returned -12.8%.Third Coast Bancshares' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.70. Compared to the company's year-ago EPS, this represents a change of +14.8%. Third Coast Bancshares currently boasts a Zacks Rank of #3 (Hold).7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Regions Financial Corporation (RF): Free Stock Analysis Report Third Coast Bancshares, Inc. (TCBX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks