Regions Financial Corp reported a higher-than-expected third-quarter profit, but shares of the southeastern U.S. regional bank fell as problem land and condominium loans increased.The Birmingham, Alabama-based bank has struggled with real estate-related loan losses since the U.S. housing market collapsed in 2007, and has yet to repay $3.5 billion in government bailout aid received in 2008.Regions' loan losses -- when compared with those of rivals BB&T Corp and SunTrust Banks Inc -- have failed to improve, and the bank's third-quarter numbers highlight that difference."They've got bigger problems" than their peers, said Barclays Capital analyst Jason Goldberg. "And it's taking them more time to work through it."
Itau Unibanco Holding S.A. is a bank in Brazil. The Company has four operational segments: Commercial Banking, Itau BBA, Consumer Credit and Corporate and Treasury. Shares of ITUB fell by 3.75% or $-0.71/share to $18.20. In the past year, the shares have traded as low as $14.47 and as high as $26.30. On average, 19460800 shares of ITUB exchange hands on a given day and today's volume is recorded at 13465420.
Regions Financial Corporation (Regions) is a financial holding company. Shares of RF fell by 1.41% or $-0.055/share to $3.84. In the past year, the shares have traded as low as $3.02 and as high as $8.09. On average, 26995400 shares of RF exchange hands on a given day and today's volume is recorded at 36234260.
SunTrust Banks, Inc. (SunTrust ) is a commercial banking organization. Shares of STI fell by 3.16% or $-0.62/share to $19.00. In the past year, the shares have traded as low as $16.51 and as high as $33.14. On average, 8313700 shares of STI exchange hands on a given day and today's volume is recorded at 5662840.
