Loan GrowthOngoing portfolio shaping efforts have led to weaker loan growth as management runs down non-core lending portfolios.
Market CompetitionThe perception of both being an acquirer and, to a lesser extent, the risk from emerging competition on Regions' low-cost deposit base in specific Southeast markets contributed to our decision to downgrade RF from Overweight to Equal-Weight.
Revenue GuidanceManagement's guidance implies a lower pre-provision net revenue for the next quarter compared to previous expectations.