Sees FY23: Adjusted operating leverage ~4%; Ending loans up ~4%; Ending deposits down $3B-$5B in 1H23; stable/modest growth in 2H23; Net charge offs/average loans 25-35 bps; Effective tax rate 22%-23%.
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- Notable companies reporting before tomorrow’s open
- Regions Financial downgraded to Neutral from Buy at UBS
- Regions Financial downgraded to Hold from Buy at Jefferies
- Regions Financial price target lowered to $24 from $25 at Deutsche Bank
- Regions Financial price target raised to $29 from $27 at Barclays
