Regions Financial reported higher third-quarter earnings, driven by a rebound in capital markets activity and increased net interest income. The results align with a wider resurgence in mergers and acquisitions across the banking sector.
Profit Growth Driven by Capital Markets Rebound
Regions Financial reportedly posted increased third-quarter profits, according to recent financial reports, benefiting from stronger performance in capital markets and higher interest income. The Birmingham, Alabama-based bank saw its shares rise approximately 1% in premarket trading following the announcement, sources indicate.