Revenue Diversification: A Key Priority for Regions Financial
During 1Q15, Regions Financial (RF) repurchased $102 million of common stock—completing its $350 million 2014 repurchase program.
In the quarter, Region Financial’s deposit balances increased 4.4% from the same quarter last year, while checking accounts grew 5.7%.
Regions Financial’s (RF) Wealth Management revenue increased 10% YoY. Going forward, It intends to focus on growing its wealth management business.
Regions Financial (RF) reported its first quarter earnings on April 21. While the revenue for the quarter increased by 1% YoY, the net income declined 26%.
Morgan Stanley (MS) posted the highest growth in 1Q15 when compared with its peers.
Morgan Stanley’s Investment Management segment was the only division to report lower revenue and profitability as compared to the previous year.
Morgan Stanley grew its revenues in the Wealth Management division by 6% to $3.8 billion when compared with the first quarter of the previous year.
Morgan Stanley’s total revenues from institutional securities expanded to $5.5 billion as compared to $4.7 billion a year ago.
Morgan Stanley (MS) reported net income of $1.18 billion, or $1.18 per diluted share, the bank’s most profitable first quarter since the 2007 financial crisis.
During 1Q15, Discover repurchased ~6 million shares of common stock. This resulted in a 1% decline in the common stock outstanding from the previous quarter.
Discover’s operating expenses increased 11% in 1Q15 over the prior year—driven primarily by higher employee compensation, marketing expenses, and legal reserves.
Discover Financial Services (DFS) reported its 1Q15 earnings on April 21. It reported net income of $1.28 per diluted share for the quarter.
The Fed approved Citigroup’s capital plan earlier in March 2015. It was rejected two times over the last three years. It’s an important development.
In the first quarter, Citigroup’s (C) ICG (Institutional Clients Group) segment’s revenue was down slightly from last year.
In constant dollars, Citigroup’s (C) end-of-period loans for Citicorp grew 2% YoY in 1Q15 and remained flat compared to the previous quarter.
Citigroup (C) reported its 1Q15 earnings on April 16, 2015. The company reported an EPS of $1.52—beating analysts’ expectations of $1.39 per share.
Emerging market equities saw inflows of $284 million as compared to negative flows for both US and European equities.
Emerging market equities are currently trading at 11.5x on a one-year forward earning basis.
The iShares MSCI Emerging Markets ETF (EEM) extended its gains from early April into last week ended on April 17, 2015.
EU equities witnessed a net outflow of $0.9 billion for the week ended April 17, 2015.
But if I knew how to manage my portfolio safer and smarter than most hedge fund managers, I could realistically grow my wealth.