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On Tuesday, Regions Financial posted a slim 1.1% increase in first-quarter earnings, pushing shares up 6.7%, or $1.25, to $19.81 in morning trading.
Cendant's other four divisions (real estate, hospitality, travel and financial) posted an average margin of 24% in 2003 on combined sales of $12 billion.
"Europe, North America and G.M. Financial posted better-than-expected results while international operations came in lower".
Countrywide Financial posted sharply lower profit for the second quarter and cut its earnings forecast, sending its shares 7.5% lower.
Regions Financial posted a slim 1.1% increase in first-quarter earnings, pushing shares up 8.4%, or $1.56, to close at $20.10 on Tuesday.
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"Investors are having a form of financial post-traumatic stress disorder," he said.
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David M. Davis, the departing chief financial officer, joined the company in 2002 and was named to the top financial post this past spring.
In 1995, he was appointed head of China's central bank, one of the nation's most powerful financial posts.
"Companies have been filling financial posts with women," he said, "and other companies are putting these women on audit committees".
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