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Regions Financial (RF) Gets a Buy Rating from J.P. Morgan

J.P. Morgan analyst Vivek Juneja maintained a Buy rating on Regions Financial (RFResearch Report) on July 27 and set a price target of $24.50. The company’s shares closed last Thursday at $20.92.

According to TipRanks.com, Juneja is a 5-star analyst with an average return of 13.7% and a 57.0% success rate. Juneja covers the Financial sector, focusing on stocks such as Bank of New York Mellon Corporation, Fifth Third Bancorp, and Citizens Financial.

Currently, the analyst consensus on Regions Financial is a Moderate Buy with an average price target of $23.89, which is a 13.1% upside from current levels. In a report issued on July 12, Morgan Stanley also maintained a Buy rating on the stock with a $26.00 price target.

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Regions Financial’s market cap is currently $19.55B and has a P/E ratio of 9.41.

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Regions Financial Corp. operates as a bank holding company. It provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. The company operates through the following segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment represents the company’s commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment holds the company’s branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans, small business loans, indirect loans, consumer credit cards and other consumer loans. The Wealth Management segment offers individuals, businesses, governmental institutions and non-profit entities a range of solutions to help protect grow and transfer wealth. Regions Financial was founded in 1971 and is headquartered in Birmingham, AL.

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