The intraday reversal suggests investors looked past the quarterly shortfall to focus on the bank's solid full-year performance, with adjusted earnings up 7% and a robust capital position. The CFO transition announcement (David Turner retiring, Anil Chadha succeeding) appears orderly and well-planned. This continues a three-day winning streak for RF, indicating the market may have already priced in some earnings weakness given pre-earnings analyst revisions.
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