How Regions Financial Corporation (RF), Omnicom Group Inc. (OMC), and Three Other Companies Performed Last Quarter?

Markets continue their positive streak on the back of strong housing data. Various prominent companies including Goldman Sachs reported better-than-expected financial results, which also had a positive effect on the main indexes on Tuesday.

As the earnings season is in progress, let’s take a look at the results posted by Regions Financial Corporation (NYSE:RF), Omnicom Group Inc. (NYSE:OMC), W.W. Grainger Inc. (NYSE:GWW), Stepan Company (NYSE:SCL) and Synovus Financial Corporation (NYSE:SNV). In addition, we are going to assess the respective hedge fund sentiment towards each stock.

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Regions Financial Corporation (NYSE:RF)’s stock is trading marginally in the green as the company reported a higher-than-expected third-quarter profit on account of shutting down branches and reducing headcount. Regions Financial Corporation posted EPS of $0.24, beating the consensus estimate by $0.03, while its revenue of $1.40 billion went up by 4.5% on a year-over-year basis and was $20 million ahead of expectations. Among the funds we track, 39 funds amassed stakes in Regions Financial Corporation (NYSE:RF) worth $712 million in aggregate at the end of June, compared to 41 investors that held $802 million worth of stock a quarter earlier.

Omnicom Group Inc. (NYSE:OMC) has declined by more than 1.50% even though the company’s third-quarter EPS of $1.06 beat the consensus estimate of $1.03. However, its revenue of $3.79 billion, up by 2.2% on the year, was $10 million lower than expected. The number of funds from our hedge fund database long Omnicom Group inched down to 24 from 25 in the second quarter, while the total value of their positions advanced to $1.77 billion from $1.71 billion.

Head to the next page, where we will discuss the results of W.W. Granger, Stepan Company, and Synovus Financial Corporation.